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You are here : IndiaNotes >> Research & Analysis >> Companies >> Central Depository Services (India) Ltd. >> Research

Central Depository Services IPO: Rudra Shares recommend to 'Subscribe' to the issue

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Issue Snapshot


Issue Open: 19Jun 2017 to 21Jun 2017

Issue Type: Book Built Issue IPO

Issue Size: Offer for Sale of up to 35,167,208 equity shares

Face Value: Rs 10 Per Equity Share

Issue Price: Rs145-Rs149Per Equity Share

Market Lot: 100 Shares

Minimum Order Quantity: 100Shares

Listing At: NSE


Company Overview


- CDSL wasestablished by BSE in 1997. CDSL is one of the only two securities depositories in the country, the other being NSE-promoted NSDL.


-As the name suggests, a depository holds securities such as equity shares, preference shares, mutual fund units, debt instruments, and government securities in electronic form and enable securities transactions.


-CDSL offer KYC services in respect of investors in Indian capital markets to capital market intermediaries including to mutual funds. It also offer other online services such as e-voting, e-Locker and National Academy Depository.


Valuation:


- CDSL has put up a great show in financial performance. Companies total revenue grew at a CAGR of 13.33%& PAT grew at a CAGR of 21.96%. In addition to this growth, company is consistent in paying dividends with high economies of scale leading to steady growth in profitability. Also it provides convenient depository services at competitive prices for a wide range of securities having robust infrastructure and IT systems.


- During FY17, company held a 59% market share of incremental BO accounts with a net growth of 13.68%. Stable revenue base due to repeat business in multiple offerings in the Indian securities and financial services market attracts the company. We recommend to SUBSCRIBE for this IPO.


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About Rudra Shares and Stock Brokers

RUDRA is one of the growing & dynamic brokerage houses with a strong presence in the Retail and HNI broking segment. With over 25 years of experience and lead by a team with outstanding managerial acumen, RUDRA is a professionally managed company supported by over 100 professionals, including Chartered Accountants, MBAs and other senior executives. RUDRA can thereby cater to its clients' short-term as well as long-term financial needs through a comprehensive bouquet of investment services. RUDRA offers a diverse range of financial services, including institutional and retail brokerage of Equity, Currency, Commodities, Derivatives, Online Trading, Depository Services, Fixed Deposits, IPOs and Mutual Funds Distribution, and Wealth Advisory & Research. RUDRA is looking to become one of the biggest broking houses. RUDRA Securities Limited, is a member of National Stock Exchange of India Limited, Bombay Stock Exchange Limited, MCX Stock Exchange, and Depository Participant of Central Depository Services (I) Limited. RUDRA can be approached online at www.rudrashares.com.

 

For more information please write in to [email protected]

Disclaimer: The author has taken due care and caution to compile and analyse the data. The opinions expressed above are only the views of the author, and not a recommendation to buy or sell. Neither the author nor IndiaNotes.com accept any liability whatsoever arising from the use of any of the above contents.




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Punit Jain
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