Today CDSL IPO subscriptions are open in the market. CDSL is a BSE-promoted. As per the CDSL, they are planning to fetch about 500 Core through IPO. CDSL works as a depository of e-insurance accounts and handling more than 60,000 insurance policies in the electric method. Other than depositary, the company gives services like e-voting, e-Locker and other premier services.
CDSL IPO offer price band is Rs. 145 to Rs. 149.
The company is the largest depository in market share and further growing at very good speed. CDSL works in a different business model. Company’s average ROE has been some 17%, for past couple of years. Seeing the growth of company it seems that CDSL will remain growing in coming years. NSDL is the competitor of CDSL and CDSL’s growth is sustainable and remarkable.