Central Depository Services (India) Ltd. share price target

Central Depository Services (India) Ltd. (CDSL) is a leading securities depository in India by incremental growth of Beneficial Owner (BO) accounts over the last three years and by the total number of registered Depository Participants (DPs), as at the end of FY16. However, in...

We initiate with buy for a price target of Rs 292 (FY20 target P/E) representing an upside potential of 96% (from the upper price band of 149) over the next 21 months.

IPO Note - Central Depository Services (India) Ltd Issue Open: June 19 - June 21 2017, Price Band: Rs. 145 - 149

number of demat account with NSDL and CDSL grew at a 5% and 9% CAGR, respectively, over FY11-17. We are of the opinion that with aggressive marketing drive and investor awareness programs,...

Incorporated in 1999, Central Depository Services (India) Limited (CDSL) is a subsidiary of BSE which operates as a securities depository in India. As on April 2017, it has 589 DPs, servicing across 29 states and 7 union territories. The number of service centres grew at CAGR of 21.4% from 11,877 in FY15 to 17,489 in FY17 and beneficial owner (BO) accounts grew at a CAGR of 13% from 9.6mn in FY15 to 12.3mn in FY17. The company is coming out with an IPO which is 100% offer for sale. BSE is selling its stake to meet the...

Object of the Issue: Offer for Sale: To achieve the benefits of listing the Equity Shares on the Stock Exchanges and for the sale of up to 35,167,208 Equity Shares by the Selling Shareholders. Business Overview: Central Depository Services (India) Ltd (CDSL) is the Leading Securities Depository in India by incremental growth of Beneficial Owner (BO) accounts over the last 3 Fiscals and by the total number of registered Depository Participants (DPs), as at the end of FY16, according to the CRISIL Report. It is a subsidiary of BSE Limited....

The objects of the Offer are to achieve the benefits of listing the Equity Shares on NSE and for the sale of Equity Shares by the Selling Shareholders. Further, the Company expects that listing of the Equity Shares will enhance its visibility and brand image and provide liquidity to its existing Shareholders. The Company will not receive any proceeds of the Offer and all the proceeds of the Offer will go to the Selling...

Central Depository Services Ltd (CDSL) is one of the two depositories operating in India, which facilitate the holding of securities in electronic form and enable securities to be processed by book entry. It was originally promoted by BSE, which subsequently divested part of its stake to leading banks as its sponsors. Outlook & Valuat..

Enhance it's visibility and brand image and provide liquidity to it's existing shareholders. Book Running Lead Manager Axis Capital Limited...

Commencing its operations in 1999, Central Depository Securities (India) Limited (CDSL) is one of two securities depositories in India with a 43% market share in terms of revenues as on FY16. As a securities depository, it facilitates holding of securities in electronic form and enables securities transactions to be processed by book entry while offering services of dematerialization for a wide range of securities as well. The company had registered a 13.7% yoy growth in the number of demat accounts in FY17, which stood at 12.4 mn investor accounts as on April 30, 2017. CDSL has been able to capture 59% market share in incremental demat accounts opened in FY17...