Central Depository Services Limited shares make bumper listing on NSE, zoom 68 per cent over issue price

30 June 2017, 12:32 PM
Sensex - File Photo (getty)
Sensex - File Photo (getty)

Central Depository Services (CDSL) on Friday made a bombastic debut in the stock markets as the entity's share got listed at Rs 250 on NSE, a premium of 67.79 per cent over its issue price of Rs 149 apiece. 

At 10.02 am, the scrip was trading 79 per cent higher at Rs 266 on the exchange. CDSL’s IPO received an overwhelming 170-times oversubscription last week, surpassing the solid responses to the issues of D-Mart, Hudco and S Chand. 

The Rs 3.51 crore share issue, which was sold during June 19-21, was subscribed 170.19 times, with the qualified institutional buyers (QIBs) portion getting 148.71 times oversubscription, while non-institutional investors and retail investors categories received bids 563.03 times and 23.83 times, respectively, of their respective quotas. 

First Published: Friday, June 30, 2017 10:46 AM
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