Central Depository Services (India) (CDSL) is coming up with an initial public offering of up to 3.51 crore shares of face value of Rs 10 each. The IPO is through an offer for sale of up to 2.72 crore shares by BSE, up to 47.75 lakh shares by State bank of India, upto 21.74 lakh shares by Bank of Baroda and up to 10 lakh shares by the CSE.

The offer comprises a net offer to the public of 3.44 crore shares and a reservation of 7 lakh shares for subscription by eligible employees. The offer shall constitute up to 33.65% of the fully diluted post-offer paid-up equity share capital of the company and the net offer to the public would constitute 32.98% of the post-offer paid-up equity share capital.

The company has fixed price band of Rs 145 to Rs 149 per equity share of face value of Rs 10 each. The IPO will open for subscription on 19 June 2017 and close on 21 June 2017.

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