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CDSL’s IPO oversubscribed 170 times

Posted By: Doraiah Vundavally June 21, 2017

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

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.

 

(This story has not been edited by Social News XYZ staff and is auto-generated from a syndicated feed.)

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CDSL's IPO oversubscribed 170 times

About VDC

Doraiah Chowdary Vundavally is a Software engineer at VTech . He is the news editor of SocialNews.XYZ and Freelance writer-contributes Telugu and English Columns on Films, Politics, and Gossips. He is the primary contributor for South Cinema Section of SocialNews.XYZ. His mission is to help to develop SocialNews.XYZ into a News website that has no bias or judgement towards any.