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CDSL’s IPO oversubscribed 170 times

The Central Depository Services' (India) (CDSL) initial public offering (IPO) issue got oversubscribed by more than 170 times on 21…

CDSL’s IPO oversubscribed 170 times

(Photo: Getty Images)

The Central Depository Services' (India) (CDSL) initial public offering (IPO) issue got oversubscribed by more than 170 times on 21 June.

According to data with stock exchanges, till 10.30 p.m. investors bid for over 422 crore shares as against only 2.48 crore equity shares offered by the company in a price band of Rs.145-149. 

Last week, CDSL had raised Rs.154.07 crore from 15 anchor investors at the upper price band of Rs.149 per share.

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