The public issue of Central Depository Services will open for subscription on June 19 and close on June 21. It is being floated in a price band of ₹145-149.
Through the IPO, its promoter BSE is seeking to sell 3.52 crore shares to the public. This will reduce the stake of BSE in CDSL to 24 per cent from 50.1 per cent. Shares of CDSL will be listed on the NSE.
Besides BSE, others who would sell a portion of their stakes in CDSL via the IPO are State Bank of India, Bank of Baroda and Calcutta Stock Exchange.