CDSL IPO Details

Issue Open Jun 19, 2017
Issue Close Jun 21, 2017
IPO Price ₹149
Face Value ₹10
IPO Size ₹523.99 Cr
Listing At NSE
IPO Lot Size 100

CENTRAL DEPOSITORY SERVICES (INDIA) LIMITED

Our Company was incorporated at Mumbai on December 12,1957 as "Central Depository Services (India) Limited", a public limited company under the Companies Act, 1956 Our Company obtained its certificate of commencement of business from the Ministry of Corporate Affair on December 19.1997. Our Company was initially registered by way of a certificate of registration on August 19,1998 by SEBI  under the Depositories Regulations and subsequently obtained its certificate of commencement of business as a depository under the Depositories Regulations on February 8,1999.

Registered and Corporate Office: 17th Floor. Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai 400 001, Maharashtra. India: For details of changes to the address of our registered office, please see 'History and Certain Corporate Matters" on page 152 of the prospectus dated June 23.2017 ("Prospectus")
Telephone; +91 (22) 2272 3333: Facsimile: +91 (22)2272 2072: Company Secretary & Compliance Officer: Nirogi Venketa Sesha Pavan Kume , Email: cdsl.ipo@cdsindia.com; Website: www.cdslindia.com : Corporate identity Number: U67120MH1997PLC11 2443

PROMOTER OF OUR COMPANY: BSE LIMITED

Our Campany has registered the prospectus dated June 23,2017 with the Registrar of Companies and the Equity Shares are proposed to be listed on the National Stock Exchange of India Limited ("NSE") and the trading will commence on or about June 30,2017.

BASIS OF ALLOTMNT

INITIAL PUBLIC OFFERING OF 35,167,208 EQUITY SHARES OF FACE VALUE OF RS 10 EACH ("EQUITY SHARES") OF CENTRAL DEPOSITORY SERVICES (INDIA) LIMITED ("COMPANY" OR "ISSUER" OR "CDSL") FOR CASH AT A PRICE OF RS149 PER EQUITY SHARE (INCLUDING A SHARE PREMIUM OF RS 139 PER EQUITY SHARE, AGGREGATING TO RS 5,239.91 MILLION THROUGH AN OFFER FOR SALE OF 27,217,850 EQUITY SHARES BY BSE LIMITED, 4,775,000 EQUITY SHARES BY STATE BANK OF INDIA, 2,174,158 EQUITY SHARES BY BANK OF BARODA AND 1,000.000 EQUITY SHARES BY THE CALCUTTA STOCK EXCHANGE ("OFFER"). THE OFFER COMPRISES A NET OFFER TO THE PUBLIC OF 34,467,208 EQUITY SHARES (THE "NET OFFER") AND A RESERVATION OF 700,000 EQUITY SHARES AGGREGATING TO RS 104,30 MILLION FOR SUBSCRIPTION BY ELIGIBLEEMPLOYEES (THE "EMPLOYEE RESERVATION PORTION"). THE OFFER AND THE NET OFFER CONSTITUTE 33.65% AND 32.98%, RESPECTIVELY, OF THE FULLY DILUTED POST-OFFER PAID-UP EQUITY SHARE CAPITAL OF OUR COMPANY.

OFFER PRICE: RS 149 PER EQUITY SHARE OF FACE VALUE OF RS 10 EACH
THE OFFER PRICE IS 14.9 TIMES THE FACE VALUE
ANCHOR INVESTOR OFFER PRICE: RS 149 PER EQUITY SHARE

Risks to Investors:

i. The 7 (seven) BRLMs associated with the Offer have handled 32 public issues in the past 3 years out of which 8 Issues closed below the issue price on Iisting date.
i i. The price/ earnings ratio based on diluted and basic EPS for FY 2017 for the Issuer at the upper end of the Price band is as high as 22. 96 on an unconsolidated basis as compared to NIFTY 50 index Price/ Earnings ratio of 21.56 (as on March 31.2017).
iii. The average cost of acquisition of Equity Shares for our Selling Shareholders ranges from Rs l0 toRs 18.20 and the; Offer Price at upper end of the price band is Rs 149.

OFFER PERIOD: OPENED ON: MONDAY, JUNE 19,2017;
CLOSED ON WEDNESDAY JUNE 21, 2017
ANCHOR INVESTOR BIDDING DATE: FRIDAY, JUNE 16, 2017

The Offer was made in compliance with the requirements of Regulation 580 of the Securities and Exchange Board of India (Depositories and Participants) Regulations. 1996. as amended ("Depositories Regulations"). Furthermore, in terms of Rule l9(2)(b)(i) of the Securities Contrcts Regulations Rules. 1957 , as amended ("SCRR"} read with Regulation 41 of the ICDR Regulations, the Offer was made through the Book Bulldings Process in compliance with Regulation 26(1) of tha ICDR Regulations, wherein not more than 50% of the Net Offer was avalable for allocation on a proportionate basis to Qualified Institutional Buyers ("QIB"). Provided that our Company and the Selling Shareholders in consultation with the Managers, have allocated up to 60% of the QIB Portion to Anchor Investors on a discretionary basis. One-third of the Anchor Investor Portion was reserved for domestic Mutual Funds, subject to valid Bids received from domestic Mutual Funds at or above the Anchor Investor Allocation Price. 5% of the QIB Portion (excluding the Anchor investor Portion) was available for allocation on a proportionate basis to Mutual Funds only, and the remainder of the QIB Portion was available tor allocation on a proportionate basis to all QIB Bidders (other than Anchor Investors), including Mutual Funds, subject to valid Bids received at or above the Offer Price. Further, not less than 15% of the Net Offer was available for allocation on a proportionate basis to Non-lnstitutional Investors and not less than 35% of the Net Offer was available for allocation on a proportionate basis to Retail Individual Investors, in accordance with the ICDR Regulations, subject to valid Bids received at or above the Offer Price. Further, there was a reservation of 700.000 Equity Shares aggregating to Rs 104.31 million to subscription by Eligible Employees, All Bidders, other than Anchor Investors, were required to mandatorily utilise the Application Supported by Blocked Amount ("ASBA") process providing details of their respective bank accoums which will be blocked by the Self Certified Syndicate Banks ("SCSBs"). 10 participate In this Offer. Anchor Investors were not permitted to participate in the Anchor Investor Portion through theASBA process For details. please see 'Offer procedure, on page 506 oh the Prospectus.

The Offer received 1,779,259 applications for 4,200,051,200 Equity Shares (prior 10 technical rejections) resulting in 119,4309 times subscription. The detalis of the applications received in the Offer from various categories are as under: (before technical rejections):

Category No. of
Applications
No. of Equity
Shares applied
Equity Share
Reserved
No. of times
Subscribed
Amount (Rs)
A. Retail Individual Bidders 1,774,276 276,646,100 12,063,523 22.9324 41,257,818,045,00
B. Non-lnsbtutional Bidders 3,259 2,884,909,700 5,170,081 558.0009 429,852,928,500.00
C. Qualified Institutional Buyers (excluding Anchor Investors} 201 1,024,459,000 6,893,442 1486136 152,644,391,000.00
D. Eligible Employee 1,497 997,100 700,000 1.4244 148,604,700.00
E. Anchor Investors 26 13,039,300 10,340,162 1.2610 1,942,855,700.00
Total 1,779,259 4,200,051,200 35,167,208 119.4309 625,846,597,945.00

Final Demand

A summary of the final demand as per BSE and NSE on the Issue Closing Date at different Bid prices is as under:

Bid Price No. of Equity Shares % to Total Cumulative Total Cumulative % of Total
145 2.439.400 0.06 2.439,400 0.06
146 548.900 0.01 2,988,300 0.07
147 1,301,000 0.03 4,289,300 0.10
148 820.700 0.02 5,110,000 0.12
149 3.981.934,700 94.17 3,987,044,700 94.29
CUTOFF 241.252.800 5.71 4,228.297.500 100.00
TOTAL 4,228,297,500 100.00

The Basis of Allotment was finalized in consultation with NSE on June 28.2017.

A. Allotment to Retail Individual Investors (after technical rejections)
The Basis, of Allotment to the Retail individual Investors, who have placed Bit at the Cut-Off Price or at the Offer Price of Rs 149 per Equity Share, was finalized in consultation with NSE This category has been subscribed to the extent of 22.2997 times. The total number of Equity Shares Allotted in. the Retail Portion is 12.063.523 Equrty Shares to 120.635 successful Retail Individual investors. The category-wise details of the Basis of Allotment are as under.

Category No. of
Applications
Received
% 0f
Total
Total No. of
Equity Shares
Applied
% to
Total
No. of
Equity Shares
Allotted
per Bidder
Ratio Total No.of
Equity Shares
Allotted
100 1,500,075 86.74 150,007,500 55,76 100 3:43 10,463,400
200 87.356 5.05 17.471.200 6.49 100 3:43 609.300
300 34.980 2.02 10.494.000 3.90 100 3:43 244.000
400 15,340 0.89 6,136,000 2.28 100 3:43 107,000
500 20.686 1.20 10.343.000 3.84 100 3:43 144.300
600 10,113 0.58 6,067,800 2.26 100 3:43 70.600
700 7,700 0.45 5,390,000 2.00 100 3:43 53.700
800 2.999 0.17 2.399.200 0.89 100 3:43 20.900
900 1.970 0.11 1,773,000 0.66 100 3:43 13.700
1000 10,495 0.61 10,495.000 3.90 100 3:43 73,200
1100 1,756 0.10 1,931,600 0.72 100 3.43 12.300
1200 2,868 0.17 3.441.600 1.28 100 3:43 20.000
1300 33,125 1.92 43,062.500 16.01 100 3:43 231.100

1 additional hare is allotted from Serial no 2 to 13 in the ratio of 1.696

1 1:696 23
Total 1,729,463 100.00 269,012,400 100.00 12.063,523

B. Allotment to Non-Institutional Investors (After Technical Rejections)
The Basis of Allotment to the Non-institutional Investor, who have placed Bid at the Offer Price off Rs 149 per Equity Share, was finalized in consultation with NSE. The Non-lnstitutional Portion has been subscribed to the extent of 554.4531 times. The total number of Equity Shares Allotted in this category is 5,170,081 Equity Shares to 1,158 successful Non- institutional investors. The category-wise details of the Basis of Allotment are as under: (sample as under)

Category No of
Applications
Received
% of
Total
Total No. of
Equity Shares
Applied
% to
Total
No. of
Equity Shares
Allotted
per Bidder
Ratio Total No. of
Equity Shares
Allotted
1,400 449 14.46 628.600 0.02 100 11:449 1,100
10.000 93 3.00 930.000 0.03 100 16:93 1.600
20.000 21 0.68 420.000 0.01 100 1:3 700
30,000 19 0.61 570.000 0.02 100 5:19 500
40,000 6 0.19 240.000 0.01 100 2:3 400
50,000 7 0.23 350.000 0.01 100 6:7 600
100,000 13 0.42 1.300.000 0.05 180 1:1 2.340
150,000 1 0.03 150,000 0.01 271 1:1 271
500,000 2 0.06 1,000,000 0.03 901 1:1 1,802
1.000.000 3 0.10 3.000.000 0.10 1,802 1:1 5,406
2,550,300 1 0.03 2.550.300 0.09 4,595 1:1 4,595
5.000.000 2 0.06 10.000.000 0.35 9,008 1:1 18,016
10,100,000 2 0.06 20,200,000 0.70 18,195 1:1 36,390
16.778.500 9 0.29 151,006.500 5.27 30.227 1:1 272.043
20,127,400 1 0.03 20.127.400 0.70 36.260 1:1 36,260
20.200.000 1 0.03 20.200.000 0.70 36.391 1:1 36.391
24,827,000 4 0.13 99,308.000 3.46 44.727 1:1 178,,908

C. Allotment to Eligible Employee
The Basis of Allotment to Eligible Employees, who have placed Bid at the Offer Price of   Rs149 per Equity Share, was finalized in consoltation with NSE. The Employee Reservation Portion has been subscribed to the extent of 1.1591 times. The total number of Equity Shares Allotted in this category is 700.000 Equity Shares to 398 successful Eligible Employees. The category wise details of the Basis of Allotment are as under: (sample as under)

Category No, of
Applications
Received
Total No. of
shares applied
in each Category
Allocation
per Applicant
Number of
Successful
applicants
500 5 2500 500.00 5
1,000 10 10000 1000.00 10
1.500 8 12000 1439.00 8
2,000 20 40000 1787.00 20
2,500 3 7500 2134.00 3
3.000 6 18000 2482 00 6
3,100 1 3100 2551.00 1
3.200 2 6400 2621 00 2
3,300 154 508200 2691.00 154

D. Allotment to QIBs excluding Anchor Investors

Allotment to QIBs (excluding Anchor Investors), who have placed Bid at the Offer Price of Rs 149 per Equity Share, has been done on a proportionate basis in consultation with NSE This category has been subscribed to the extent of 148.613 times of QIB Portion. As per the SEBI Regulations. Mutual Funds were Allotted 5% of the QIB Portion available i.e. 344.672 Equity Shares and other QIBs. including Mutual Funds ware Allotted the remaining available Equity Shares i.e. 6.548,770 Equity Shares on a proportionate basis The total number of Equity Shares Allotted in the QIB Portion is 6.893.442 Equity Shares, which were allotted to 200 successful QIB Bidders. The category-wise details of the Basis of Allotment are as under:

Category FIs./Banks MFs ICs VCs AIF Fll/FPC Others Total
QIB 1.840.771 1,055,123 514,870 - 2,262,140 1,220,538 - 6,893,442

E. Allotment to Anchor Investors
The Company and the Selling Shareholders, in consultation with the BRLMs. have allocated 10.340.162 Equity Shares to 15 Anchor Investors (through 26 Applications) at the Anchor Investor Offer Price of Rs 149 per Equity Share in accordance with the SEBI Regulations. This represents 60.0% of theQIB Portion.

Category FIs/Banks MFs ICs VCs AIF FII/FPC Others Total
QIB - 4,698,200 335,600 - 335,600 4,970,762 - 10,340,162

The IPO Committeeo fo our Company on June 29.2017 has taken on record the Basis of Allotment approved by NSE and has allotted the Equity Shares to various successful Bidders. The allotment advice cum refund intimations and/ or notices will be dispatched to the addresses of the investors, as registered with the depositories. Further, instructions to the Self Certified: Syndicate Banks for unblocking of funds and transfer to Public Offer Account have been issued on June 29,2017 and payment to non-Syndicata brokers have been issued on June 29,2017. In case the same is not received within six Working Days. Bidders may contact the Registrar to the Offer at the address given below. The Equity Shares Allotted to the successful Allottees have been uploaded on June 29, 2017 for credit into the respective beneficiary accounts subject to validation of the account details with the depositories concerned. The Company has filed the Listing application with NSE on June 29,2017 and the trading will commence on or about June 30.2017.
All capitalised terms used and not specitically defined herein shall have the same meaning as ascribed to them in the Prospectus.

INVESTORS PLEASE NOTE

The details of the allotment made will be hosted on the website of the Registrar to the Offer, Link Intime India Private Limited at www.linkintime.co.in
All future correspondence in this regard may kindly be addressed to the Registrar to the Offer quoting full name of the first/ Sole Bidder. Bid cum Application Form number, Bidder DP ID, Client ID. PAN. date of Submission of Bid Cum Application Form, address of the Bidder, number of Equity Shares applied for. the name and address of the Designated Intermediary where the Bid cum Application Form was submitted by the Bidder and a copy of the Acknowledgment Slip received from the Designated Intermediary at the address given below:

Link Intime India Private Limited
C 101. 1st Floor  247 Park, LBS Marg,
Vikhroli (West}, Mumbai 400 083. India
Telephone: +91 (22) 4918 6200 Facsimile: +91 (22) 4918 6195
Email: cdsl.ipo@linkintime.co.in
Investor grievance id: cdsl.ipo@linkintime.co.in
Website: www linkintime.co.in
Contest person; Shanti Gopalkrishnan
SEBI registration number: INR000004058

Place: Mumbai

Date: June 29, 2017

For CENTRAL DEPOSITORY SERVICES (INDIA) LIMITED
On behalf of the Board of Directors
Sd/-
Company Secretary and Compliance Officer

CDSL IPO Basis of Allotment FAQs

  1. 1. How shares are allotted in CDSL IPO?

    Check the basis of allotment document above to know about how the shares are allocated in CDSL IPO. Note that there is a separate rule for allotment in each investor category (i.e. Retail, Non-Institutional, Institutional, Employee).
  2. 2. What is CDSL IPO basis of allotment status?

    The CDSL IPO basis of allotment (published above) tells you how shares are allocated to you in CDSL IPO and category wise demand of IPO share.

    Visit the CDSL IPO allotment status page to check the number of shares allocated to your application.

  3. 3. What is CDSL IPO allotment process?

    Check the basis of allotment document above to know about how the shares are allocated in CDSL IPO. Note that there is a separate rule for allotment in each investor category (i.e. Retail, Non-Institutional, Institutional, Employee).

Comments

   I Like It. | Report Abuse








Search Chittorgarh.com:

Download Our Mobile App

Android App iOS App