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In the midst of choppy markets, analysts at Axis Direct bullish about CDSL

 CDSL got a buy call today from Axis Direct analysts, with the defence for the call citing the digitizing of records business picking up for the company. CDSL’s share in incremental BO accounts increased to 65% in Q4FY18 from 60% the same quarter the past year, and it has gained on the market leader NSDL, with market share increasing from 44% last year to 46.5% in FY18. CDSL has also been pursuing its digitization business aggressively, tying up with both academic institutions and insurance companies to digitize records, as businesses work to get databases online and link these datasets to IDs such as Aadhaar. The full Axis report is here.
03-07-2018
Bigul

CDSL: Safe and secure

 Long-term investors can go for the stock, given the strong growth prospects
28-04-2018
Bigul

2 long-term wealth creation ideas: Milan Sharma

 If someone is a patient long term investor then definitely CDSL is a right buy
04-08-2017
Bigul

Newly listed companies slip; AU Small Finance tanks 20% from intraday high

 CDSL locked in lower circuit of 10% at Rs 400, falling 18% from its intra-day high of Rs 486 on NSE.
14-07-2017
Bigul

CDSL, Hudco, AU Bank rally; what's driving market debutants?

 A steep rally in these stocks has surprised many. Analysts are advising to exercise caution.
13-07-2017
Bigul

CDSL sees best listing day gain since D-mart

 Shares of Central Depository Services (CDSL) gained 75 per cent during their stock market debut on Friday, the best listing day performance since March, when Dmart operator Avenue Supermart's shares had more than doubled. Shares of CDSL closed at Rs 260.7; the issue price was Rs 149. The stellar debut followed a huge response for its Rs 525-crore Initial Public Offer (IPO), which saw 170 times more demand than the shares on offer. The shares only traded on the National Stock Exchange, hit a high of Rs 270 and a low of Rs 250, with a total of Rs 1,315 crore changing hands. At the closing price, CDSL's market capitalisation was Rs 2,734 crore."The debut was in line with the expectations. The company's IPO was one of the most subscribed in the history of Indian capital markets. CDSL has provided a unique investment opportunity, as it is the first depository to list," said Dharmesh Mehta, managing director, Axis Capital. P S Reddy, managing director of CDSL, says the potential for the...
30-06-2017
Bigul

CDSL stock lists at 68% premium

 Central Depository Services (India) Ltd got listed at a premium of 68 per cent at Rs 250 against the issue price of Rs 149 and then went on to gain as much as 80 per cent after listing. The IPO of...
30-06-2017
Bigul

HNI frenzy in IPO meant big gains in the past; will CDSL follow suit?

 8 issues, where HNI subscription stood at 100%, in 10 yrs doubled investor wealth on debut.
27-06-2017

CDSL IPO gets phenomenal response, while GTPL Hathway lags

 The IPO of India's second largest depository, CDSL, received a huge response, and was oversubscribed 170.11 times on its final day, getting more than Rs 62,929 crore worth of bids against issue size of Rs 369.9 crore (excluding anchor investors' portion). The rqualified institutional buyers portion was oversubscribed 148.70 times while those reserved for high net-worth individual wass subscribed 563 times. Retail individual investors, who are eligible for up to Rs 2 lakh worth of shares, applied for 22.98 times their portion. On the other hand, despite upbeat markets the IPO offering for cable TV and broadband services provider GTPL Hathway Ltd has met with a lukewarm response, with subscriptions of 41% on the second day of the initial public offering (IPO). The portion of shares reserved for institutional investors was subscribed 69%, while the portions reserved for high net-worth individuals and retail investors were subscribed 15% and 36%, respectively. The offer closes today on June 23. The company set a price band of Rs. 167-170 per share for the initial share sale, and has planned to use the IPO proceeds to reduce debt.
22-06-2017
Bigul

CDSL IPO oversubscribed on Day 1, as investors flock to offering

 The CDSL IPO has been subscribed twice over on day one of bidding itself. Of their respective quota of reserved shares, institutional investors bid 97%, non-institutional investors bid about 61.29%, retail investors bid an impressive 348.47%, while employees bid about 12.09%. The total subscription at the end of day 1 was a thumping 208.8%. The company is in a limited competition market, as one of two depositories in India, with rapid growth and less volatile revenues than its competitor NSDL. Brokerage houses have universally recommended this IPO as a long term hold, which has driven retail investors to bid for shares. The IPO, worth up to Rs 524 crore, will list on NSE and the retail allocation has been fixed at 35%. Post listing, CDSL will be the first depository to be quoted on an Indian stock exchange. On Friday, the issue had raised Rs 154.07 crore by issuing 1.03 crore equity shares to 15 anchor investors, including the SBI Magnum Tax Gain Scheme, ICICI Prudential, Abu Dhabi Investment Authority and Goldman Sachs India.
20-06-2017
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