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Central Depository Services (India) Ltd got listed today at a premium of 68 per cent over the issue price of Rs 149.
The stock got listed at Rs 250, a sharp jump of 67.78 per cent over the issue price on the NSE. Later, it touched a high of Rs 268, up 79.86 per cent.
About 4,72,02,231 shares were traded on the NSE during the afternoon session. At 3.05 pm, the stock was trading at Rs 262.20.
The IPO of BSE’s depository arm, which concluded last week, received an overwhelming response from investors as it was oversubscribed 170.16 times during June 19-21.
Qualified institutional buyers (QIBs) portion was oversubscribed 148.71 times, non institutional investors 563.03 times and retail investors 23.83 times.
Price band for the share sale was fixed at Rs. 145-149. The IPO size was of 3.51 crore shares, including anchor portion of over 1 crore shares.
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