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CDSL files DRHP with SEBI for IPO

Depository services provider Central Depository Services (CDSL) has filed its draft red herring prospectus (DRHP) with Securities and Exchange Board of India (SEBI) for an initial public offering (IPO). The IPO would be an offer-for-sale of over 3.51 crore shares (about 33.65 per cent) by existing shareholders such as BSE, SBI and Bank of Baroda.

The top 10 shareholders of CDSL as on December 24 were BSE (50.05%), SBI (9.57%), HDFC Bank (7.18%), Standard Chartered Bank (7.18%), Canara Bank (6.45%), Bank of India (5.57%), Bank of Baroda (5.07%), LIC (4.15%), Union Bank (1.91%) and Bank of Maharashtra (1.91%).

Axis Capital, Edelweiss, Nomura and SBI Capital Markets, among others, are the book running lead managers to the issue.

CDSL was set up with the objective of providing convenient, dependable and secure depository services at affordable cost to all market participants.

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