Blockbuster CDSL IPO the most subscribed issue of 2017

What can be called as the most popular initial public offering (IPO) of 2017, the BSE promoted CDSL IPO was oversubscribed by 170.16 times. This makes it the most subscribed IPO issue of 2017 in the Indian capital markets.

The qualified institutional buyers (QIBs) bid 148.71 times, retail individual investors bid 23.83 times and employees segment have received bids for 1.46 times for the Central Depository Services Limited (CDSL) IPO. The demand for the IPO was led by the non-institutional investors, who bid 563.03 times.

CDSL’s existing shareholders including BSE Limited, State Bank of India Limited, Bank of Baroda Limited, and Calcutta Stock Exchange have sold around 3.5 crore shares in its IPO. The objectives of the issue include achieving the benefits of listing the equity shares on NSE and to enhance its visibility and brand image and provide liquidity to its existing shareholders.

Here is the list of initial public offerings (IPO) that hit the capital markets in 2017 so far:

Company Name	Times Subscribed
CDSL	170.16
Avenue Supermarts	104.59
HUDCO	79.47
S Chand and Company	59.44
BSE	51.22
Shankara Building Products	41.88
Music Broadcast	39.67
PSP Projects	8.58
Eris Lifesciences	3.29
CL Educate	1.9
Tejas Networks	1.88

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