CDSL IPO
CDSL IPO — date, price band, lot size & details 2017
CDSL listed on 30 Jun 2017 at ₹250, 67.8% above the ₹149 issue price.
Central Depository Services (India) (CDSL) is a securities depository and a subsidiary of BSE, offering demat accounts and related services. Its total income was Rs 155.23 crore in FY2017.
Stock price
CDSL is listed — here is the live share price.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
Timetable
Key dates from opening to listing. Today is 12 November.
- Open 19 Jun 2017
- Close 21 Jun 2017
- Allotment 29 Jun 2017
- Refund/credit 29 Jun 2017
- Listing 30 Jun 2017
Issue summary
The terms of the offer, as filed.
| IPO Dates | 19 to 21 Jun, 2017 |
|---|---|
| Price Band | ₹145 – ₹149 |
| Face Value | ₹10 |
| Lot Size | 100 Shares |
| Issue Size | ₹523.99 Cr |
| Sale Type | OFS only |
| Listing On | NSE |
| Registrar | MUFG Intime India Private Limited |
| Min Investment | ₹ 14,900 |
Share of the offer set aside for each investor category, as stated in the offer document.
What will it cost me?
Bidding is in multiples of 100 shares at the ₹149 cut-off. Drag to size your application.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 100 | ₹14,900 |
| Retail (max) | 13 | 1,300 | ₹1,93,700 |
| S-HNI (min) | 14 | 1,400 | ₹2,08,600 |
| S-HNI (max) | 67 | 6,700 | ₹9,98,300 |
| B-HNI (min) | 68 | 6,800 | ₹10,13,200 |
Strengths & risks
Drawn from the offer document — the case for and against, side by side.
Strengths · 4
- 01Total income rose from Rs 119.62 crore in FY2015 to Rs 155.23 crore in FY2017.
- 02Net worth rose from Rs 377.08 crore in FY2015 to Rs 462.29 crore in FY2017.
- 03It runs core market infrastructure for holding securities in demat form; total assets were Rs 517.04 crore.
- 04Its profit margin is high, with Rs 67.85 crore of profit on Rs 155.23 crore of income in FY2017.
Risks · 5
- 01Profit after tax fell from Rs 76.84 crore in FY2016 to Rs 67.85 crore in FY2017.
- 02Its income depends on market activity and new demat accounts; profit was Rs 45.71 crore in FY2015.
- 03Depositories are tightly regulated by SEBI, which can cap fees; total income was Rs 155.23 crore in FY2017.
- 04The whole Rs 523.99 crore issue was an offer for sale, so none of it went to the company.
- 05BSE held 50.05% before the issue and 24% after it, after selling shares.
Three years of numbers
All figures in ₹ crore, as reported in the CDSL offer document.
| Metric | 31 Mar 2017 | 31 Mar 2016 | 31 Mar 2015 |
|---|---|---|---|
| Assets | 517.04 | 480.57 | 455.52 |
| Total Income | 155.23 | 133.13 | 119.62 |
| Profit After Tax | 67.85 | 76.84 | 45.71 |
| NET Worth | 462.29 | 426.20 | 377.08 |
| Reserves and Surplus | 357.79 | 321.70 | 272.58 |
See how this IPO compares — view listing performance of all mainboard IPOs.
Where the money goes
How the company intends to use the proceeds of the issue.
Information about the usage of proceeds from the CDSL IPO will be updated shortly.
About the company
It offers services such as account opening, dematerialisation, processing delivery and receipt instructions, account statements, rematerialisation, pledging, nomination and transmission of securities.
It also offers services such as changes of address and bank details and SMS alerts for demat account holders.
The IPO was Rs 523.99 crore and was entirely an offer for sale at Rs 149, the top of the Rs 145 to Rs 149 band, so the company received no money.
Interested in this IPO? Check the live subscription status or browse all upcoming mainboard IPOs.
The bankers & the filings
Who is running the book, and the documents this page is built from.
CDSL IPO Documents
Read the filings this page is built from.
Lead Manager Track Record
How the book-running lead managers on this issue have priced their past IPOs, measured on listing day.
SBI Capital Markets Ltd.
141 issues handledBest listing: Bajaj Housing Finance (+114.3%). Weakest: ICICI Securities (-16.3%).
Axis Capital
255 issues handledBest listing: Latent View Analytics (+160.0%). Weakest: Shriram Properties (-23.7%).
IDBI Capital Markets & Securities Ltd.
42 issues handledBest listing: Route Mobile (+104.9%). Weakest: Bharat Dynamics (-13.6%).
Nomura Financial Advisory & Securities (India) Pvt. Ltd
37 issues handledBest listing: Happiest Minds Technologies (+110.8%). Weakest: Shriram Properties (-23.7%).
Edelweiss Financial Services Ltd
73 issues handledBest listing: Route Mobile (+104.9%). Weakest: ICICI Securities (-16.3%).
Haitong Securities India Pvt. Ltd
3 issues handledBest listing: Latent View Analytics (+160.0%). Weakest: HDFC Life (+6.9%).
YES Bank Ltd
14 issues handledBest listing: Quess Corp (+57.7%). Weakest: New India Assurance (-6.3%).
Listing gain compares the listing-day opening price with the issue price, using the IPOs on IPO Guru that this lead manager has taken to market. A strong record reflects how the banker has priced past issues — it is not a forecast for this one. See every issue they have handled on the lead managers page.
Company contact
Frequently asked
What is the GMP of CDSL?
The current Grey Market Premium is ₹92.5, or 62% over the issue price.
What is the CDSL IPO price band?
₹145 to ₹149, on a face value of ₹10.
When is the allotment?
The basis of allotment is 29 June 2017, with listing on 30 June 2017.
How do I check allotment status?
On the IPO Guru allotment page or on the registrar's site — MUFG Intime India Private Limited.
Every number here traces back to a filing.
IPO Guru tracks GMP, subscription and allotment for every Mainboard and SME issue. Every number on this page is sourced from the RHP, BSE & NSE.
Not investment advice. Grey market premium is an unofficial, unregulated indicator and is not a forecast.
