Incorporated in 1999, Central Depository Services (India) Limited (CDSL), a subsidiary of BSE Limited operates as a securities depository in India. They offers various services, such as account opening, dematerialization, processing delivery and receipt instructions, account statement, re-materialization, pledging, nomination, transmission of securities, change in address, bank account details and SMS services for depository participants.
CDSL also offers facilities to issuers to credit securities to a shareholder's or applicant's demat accounts; KYC services in respect of investors in capital markets to capital market intermediaries; and facilities to allow holding of insurance policies in electronic form to the holders of these insurance policies of various insurance companies.
In addition, they provides other online services, such as e-voting, e-locker, national academy depository, electronic access to security information, electronic access to security information and execution of secured transaction, drafting and preparation of wills for succession, and mobile application and transactions using secured texting. It serves investors through intermediaries, such as depository participants, issuer companies, registrar and transfer agents, beneficial owners, and clearing members.
CDSL Strengths:
- they provides other online services, such as e-voting, e-locker, national academy depository, electronic access to security information, electronic access to security information and execution of secured transaction, drafting and preparation of wills for succession, and mobile application and transactions using secured texting
- It serves investors through intermediaries, such as depository participants, issuer companies, registrar and transfer agents, beneficial owners, and clearing members.
Company Promoters:
The Promoters of the Company are: - BSE Limited is the promoters of the company.
Objects of the Issue:
The objects of the Offer are: - Achieve the benefits of listing the equity share on NSE
- Enhance it's visibility and brand image and provide liquidity to it's existing shareholders.
Issue Detail:
- Issue Open: Jun 19, 2017 - Jun 21, 2017
- Issue Type: Book Built Issue IPO
- Offer for Sale of 35,167,208 Equity Shares of Rs 10 aggregating up to Rs [.] Cr
- Face Value: Rs 10 Per Equity Share
- Issue Price: Rs 145 - Rs 149 Per Equity Share
- Market Lot: 100 Shares
- Minimum Order Quantity: 100 Shares
- Listing At: NSE
Tentative timetable in respect of the Offer:
- Bid/Offer Opens On: 19 June 2017
- Bid/Offer Closes On: 21 June 2017
- Finalisation of Basis of Allotment: On or about Thursday, June 29, 2017
- Initiation of refunds: On or about Thursday, June 29, 2017
- Credit of Equity Shares to demat accounts: On or about Thursday, June 29, 2017
- Commencement of trading of the Equity Shares on the Stock Exchanges: Friday, June 30, 2017
