Depository services provider Central Depository Services (CDSL) on Tuesday filed its draft red herring prospectus with SEBI for an initial public offering, according to confirmed sources.
The IPO would be an offer-for-sale of over 3.51 crore shares (about 33.65 per cent) by existing shareholders such as BSE, SBI and Bank of Baroda.
The top 10 shareholders of CDSL as on December 24 are BSE (50.05 per cent), SBI (9.57 per cent), HDFC Bank (7.18 per cent), Standard Chartered Bank (7.18 per cent), Canara Bank (6.45 per cent), Bank of India (5.57 per cent), Bank of Baroda (5.07 per cent), LIC (4.15 per cent), Union Bank (1.91 per cent) and Bank of Maharashtra (1.91 per cent).
Axis Capital, Edelweiss, Nomura and SBI Capital Markets, among others, are the book running lead managers