Central Depository Services (India) Limited IPO Message Board (Page 46)

What should be the fair value of cdsl septa sir/eagleye

CDSL IPO
GMP = 102-105 (actively variable)
KOSTAK = 650-750

GMP can play a role to decide price band !! (AS HUDCO _ _ _ _ _ ).

If the GMP of 102-105 is genuine, fine. otherwise please dont give aggressive GMPs. We should remember what happened with GMP of SChand, HUDCO and other failed IPOs recently.

Securities depository in India, Central Depository Services (India) Limited is planning to come up with initial public offering. After grand listing of BSE Limited with a premium of 35%, investors are bracing for CDSL IPO. The objectives of the IPO are to achieve the benefits of listing and to enhance its visibility and brand image and provide liquidity to its existing shareholders.

The tentative date for the IPO is out. The IPO issue is likely to open on June 19 and closing on June 21, 2017. It is likely to follow book building process wherein price band is fixed at Rs 113 to Rs 115 per equity share. The minimum order quantity is one market lot which constitutes 130 shares.

The issue size stands at 3,51,67,208 equity shares. The category wise break-up for the issue is tabulated below:

Category       Number of Equity Shares       Amount
Anchor investors       1,03,40,162       Rs 118.91 Cr
QIBs       68,93,442       Rs 79.27 Cr
NII       51,70,081       Rs 59.46 Cr
RII       1,20,63,523       Rs 138.73 Cr
Employees       7,00,000       Rs 8.05 Cr
Total Issue       3,51,67,208       Rs 404.42 Cr

However, all the information regarding CDSL IPO is tentative. CDSL was initially promoted by BSE Ltd. which has thereafter divested its stake to leading banks as "Sponsors" of CDSL.

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

I know that you might have got the article copied from some news, just want to mention that we cant consider BSE gave listing gain of 35%.
Listing gain of 35% didn''t sustain even for seconds.. It just touched 1200 and fell to below 1100 on the same day. Moreover, even after months of its listing, BSE price couldn''t move higher except after CDSL IPO resurfaced.

Dmart for instance we can say for sure that it gave 100% returns as it listed at 600 vs issue price of 300 and consistently moved above 600 and even reached 840. In such cases, its obvious that it gave more than 100% listing gains.

http://www.sebi.gov.in/sebi_data/attachdocs/1496230988618.pdf

Now link removed from sebi website.....may be because of no mention of dates in RHP

What gone to do with our money CDSL? purchaseing new office or purchaseing new computers it seems like CDSL do fix deposit our money and earn interest, through this way it''s nothing having in future any organic growth therefore apply for short term.NSDL is good depositery he tie up with the insurance companies for policies in dmat form CDSL nothing do any thing like that to grow business in future

The issue is an Offer for Sale.

CDSL has all the activities,

Further, CDSL is 5 year younger than NSDL. The revenue of NSDL has grown at a CAGR of 12% over the previous four Fiscals as opposed to CDSL’s 11%.In terms of market share of demat accounts, CDSL has been growing at a higher rate with a CAGR of 8%, compared with 5% for NSDL.CDSL has experienced a growth in market share from 39% in Fiscal 2011 to 43% in Fiscal 2016.
Furthermore, CDSL’s market share with respect to incremental demat accounts has been growing at a higher rate, with a CAGR of 28% (as opposed to NSDL’s 14% growth) from Fiscal 2011 to Fiscal 2016 Consequently, CDSL has gained in market share with respect to incremental demat accounts from 46% in Fiscal 2012 to 58% in Fiscal 2016.

Above of them enjoy CDSL IPO now and let NSE first of all come with an IPO, then after NSDL may comes, wait till then.

CDSL

PREMIUM : 85
KOSTAK : 525

85 on which price?

Price which will be declared later on.

http://www.sebi.gov.in/sebi_data/attachdocs/1482921811894.pdf

though excat peer is unknown to me.i would dare to compare CDSL with State Street Corporation
it''s Price to Book Value is 1.714 for June 1, 2017

CDSL’s consolidated financial performance (in INR crore)
FY2012      FY2013      FY2014      FY2015      FY2016
Total revenue       120.7      124      122.8      127.2      139.4
Net margin (%)      45.8       40.2       40.1      34.4       53.2

np is amazing..scalable business model-"growth in revenue without increase in cost"

Fresh Rumours:

CDSL had originally planned for issue size to be Rs.400crs ... And therefore price band was decided at 115

After HUDCO ... Now even BSE is getting greedy ... They want to reconsider the CDSL issue price ... they are planning to hike it from 115 to 145 ... Taking investors for a ride...

The Revised Price band is likely to be 143-145

No grey market trader a willing to deal until the price band is official announced.

yesterday CSDL RHP was appearing on SEBI website. Today it has disappeared . New RHP with revised price band ?

investors should bycott the issue if price band hiked..

Septa Sir

Pls shere your comment to us

KOSTAK PRICE IS 800 RS. IN JAIPUR

CDSL IPO

GMP 80 – 100
Kostak 850 – 950


CDSL IPO – Issue Information: (Tentative)

Issue Opens on: 19 June 2017
Issue Closes on: 21 June 2017
Issue Type: Book Built Issue IPO
Issue Size: 3,51,67,208 Equity Shares
Face Value: Rs 10 per Equity Share
Issue Price: Rs.140 – Rs.142 per Equity Share
Market Lot: 105 shares
Listing At: NSE, BSE

Equity Shares outstanding prior to the Issue = 10,45,00,000 Equity Shares
Offer for Sale of 3,51,67,208 Equity Shares @upper price band = Rs.499.37 Crores
Equity Shares outstanding after the Issue = 10,45,00,000 Equity Shares

Category-wise Break up:.
Anchor – 1,03,40,162 Shares = 146.83Crs
QIB – 68,93,442 Shares = 97.89Crs
NII – 51,70,081 Shares = 73.42Crs
RII – 1,20,63,523 Shares = 171.30Crs (Lot size: 105 = 114,891 Forms)
Employees – 7,00,000 Shares = 9.94Crs

Total Issue – 3,51,67,208 Equity Shares = 499.37Crs.

Subscription required for 1X
RII = 114,891 Forms
NII = 73.42 Crs

Interest cost @6%p.a. for 7days = 16.340paise for 1X


Financial Information (Basis of Valuation)

EPS for FY14-15 >>> Rs.5.52 (Page #95 of RHP)
EPS for FY15-16 >>> Rs.8.71 (Page #95 of RHP)
EPS for FY16-17 >>> Rs.8.21 (Page #95 of RHP)

RoNW for FY14-15 >>> 13.86% (Page #96 of RHP)
RoNW for FY15-16 >>> 18.99% (Page #96 of RHP)
RoNW for FY16-17 >>> 16.08% (Page #96 of RHP)

NAV as on March 31, 2017 was Rs.51.04 (Page #96 of RHP)

Peer Group (Page #96 of RHP): NONE

 

CDSL IPO
Market Estimates of oversubscription:

Category-wise:

1X QIB = 97.89Crs – assuming applications of 12KCrs. = 125X oversubscription

1X NII = 73.42Crs – assuming applications of 35KCrs. = 475X oversubscription

1X RII = 114,891 Forms – assuming 12L forms. = 10.50X oversubscription (applic-wise)
i.e. average 10 shares per form

madam
As per sebi rule
Issue size can be increase or decrease by 20%
But here 25%
Why ?

Will there be a shareholders quota for BSE shareholders?

NO ,
SORRY PL

By the way, BSE has 5.2 crore shares of CDSL acquired at Rs. 18.20 !

Can please somebody answer the following query:
Though CSDL stake sale through its ipo can generate a considerable income for BSE, it would be all of an one-time earnings, isn`t? Moreover CSDL has been currently earning sizeable income for BSE in every quarter. So how would BSE can manage to maintain the same/increased earnings and growth going forward, post the CSDL stake sale!!

IPO - Tentative Dates

1) Tejas Network
Dates - 12 - 14 June
Size - 800 cr
Retail - 10%

2) Eris Life science
Date - 13 - 15
Size - 1800 cr
Retail - 10%

3) CDSL
Date - 19 - 21
Size - 400 cr
Retail - 35%

4) A U Financiar
Date - 22 - 24

5) GTPL
Date - 3rd or 4th week

6) Pratap snacks
Date - 3rd or 4th week

Keep your funds ready.All this 6 IPO will come in this month

WHAT IS GMP?????

http://www.sebi.gov.in/filings/public-issues/may-2017/central-depository-services-limitd-red-herring-prospectus_35003.html

page not found says SEBI website

Has grey market started trading in this?
After Hudcos grey mkt premium fiasco, we need to take the premium with a pinch of salt.

CDSL IPO – Issue Information: (Tentative)

Issue Opens on: 19 June 2017
Issue Closes on: 21 June 2017
Issue Type: Book Built Issue IPO
Issue Size: 3,51,67,208 Equity Shares
Face Value: Rs 10 per Equity Share
Issue Price: Rs.113 – Rs.115 per Equity Share
Market Lot: 130 shares
Listing At: NSE, BSE

Equity Shares outstanding prior to the Issue = 10,45,00,000 Equity Shares
Offer for Sale of 3,51,67,208 Equity Shares @upper price band = Rs.404.42 Crores
Equity Shares outstanding after the Issue = 10,45,00,000 Equity Shares

Category-wise Break up:.
Anchor – 1,03,40,162 Shares = 118.91Crs
QIB – 68,93,442 Shares = 79.27Crs
NII – 51,70,081 Shares = 59.46Crs
RII – 1,20,63,523 Shares = 138.73Crs (Lot size: 130 = 92,796 Forms)
Employees – 7,00,000 Shares = 8.05Crs

Total Issue – 3,51,67,208 Equity Shares = 404.42Crs.

Subscription required for 1X
RII = 92,796 Forms
NII = 59.46 Crs

EPS for FY14-15 >>> Rs.5.52 (Page #95 of RHP)
EPS for FY15-16 >>> Rs.8.71 (Page #95 of RHP)
EPS for FY16-17 >>> Rs.8.21 (Page #95 of RHP)

RoNW for FY14-15 >>> 13.86% (Page #96 of RHP)
RoNW for FY15-16 >>> 18.99% (Page #96 of RHP)
RoNW for FY16-17 >>> 16.08% (Page #96 of RHP)

Issue Dates Tentative

Listing at NSE only