CDSL Completes allocation to anchor investors

CDSL or Central Depository Services Limited which is tapping the capital markets with its offer for sale of 3,51,67,208 equity shares in a price band of Rs 145-149 completed allocation to anchor investors. The company allotted 1,03,40,162 equity shares to 12 anchor investors comprising of 26 entities at Rs 149.

The issue is attractively priced and is being offered at a PE ratio of 17.66-18.16. Moreover every market participant and investor is aware of the company and the fact that each transaction in the stock market results in the use of the depository. There are just two depositories in the country and they have quite an equitable distribution of business.

The issue opens on Monday the 19th of June and closes on Wednesday the 21st of June. The issue would see good subscription and more so in the retail space where it could in terms of number of applications get subscribed in double digits. You need roughly 1.23 lakh applications for the retail portion to get subscribed and anticipating 12.3 lakh applications does not appear to be something difficult.

The full list of anchor application and allotment is given below: –

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