|Basis of Allotment|
IS A PUBLIC ANNOUNCEMENT FOR INFORMATION PURPOSES ONLY. THIS IS NOT A PROSPECTUS
ANNOUNCEMENT AND DOES NOT CONSTITUTE AN INVITATION OR OFFER TO ACQUIRE. PURCHASE.
SUBSCRIBE FOR SECURITIES. NOT FOR PUBLICATION OR DISTRIBUTION. DIRECTLY OR INDIRECTLY
CENTRAL DEPOSITORY SERVICES (INDIA) LIMITED
Our Company was incorporated at Mumbai on December 12,1957 as "Central Depository Services (India) Limited", a public limited company under the Companies Act, 1956 Our Company obtained its certificate of commencement of business from the Ministry of Corporate Affair on December 19.1997. Our Company was initially registered by way of a certificate of registration on August 19,1998 by SEBI under the Depositories Regulations and subsequently obtained its certificate of commencement of business as a depository under the Depositories Regulations on February 8,1999.
Registered and Corporate Office: 17th Floor. Phiroze
Jeejeebhoy Towers, Dalal Street, Mumbai 400 001, Maharashtra. India: For details of
changes to the address of our registered office, please see 'History and Certain Corporate
Matters" on page 152 of the prospectus dated June 23.2017 ("Prospectus")
PROMOTER OF OUR COMPANY: BSE LIMITED
Our Campany has registered the prospectus dated June 23,2017 with the Registrar of Companies and the Equity Shares are proposed to be listed on the National Stock Exchange of India Limited ("NSE") and the trading will commence on or about June 30,2017.
BASIS OF ALLOTMNT
INITIAL PUBLIC OFFERING OF 35,167,208 EQUITY SHARES OF FACE VALUE OF RS 10 EACH ("EQUITY SHARES") OF CENTRAL DEPOSITORY SERVICES (INDIA) LIMITED ("COMPANY" OR "ISSUER" OR "CDSL") FOR CASH AT A PRICE OF RS149 PER EQUITY SHARE (INCLUDING A SHARE PREMIUM OF RS 139 PER EQUITY SHARE, AGGREGATING TO RS 5,239.91 MILLION THROUGH AN OFFER FOR SALE OF 27,217,850 EQUITY SHARES BY BSE LIMITED, 4,775,000 EQUITY SHARES BY STATE BANK OF INDIA, 2,174,158 EQUITY SHARES BY BANK OF BARODA AND 1,000.000 EQUITY SHARES BY THE CALCUTTA STOCK EXCHANGE ("OFFER"). THE OFFER COMPRISES A NET OFFER TO THE PUBLIC OF 34,467,208 EQUITY SHARES (THE "NET OFFER") AND A RESERVATION OF 700,000 EQUITY SHARES AGGREGATING TO RS 104,30 MILLION FOR SUBSCRIPTION BY ELIGIBLEEMPLOYEES (THE "EMPLOYEE RESERVATION PORTION"). THE OFFER AND THE NET OFFER CONSTITUTE 33.65% AND 32.98%, RESPECTIVELY, OF THE FULLY DILUTED POST-OFFER PAID-UP EQUITY SHARE CAPITAL OF OUR COMPANY.
OFFER PRICE: RS 149 PER EQUITY SHARE OF FACE VALUE OF RS 10 EACH
Risks to Investors:
i. The 7 (seven) BRLMs associated with the Offer
have handled 32 public issues in the past 3 years out of which 8 Issues closed below the
issue price on Iisting date.
OFFER PERIOD: OPENED ON: MONDAY, JUNE 19,2017;
The Offer was made in compliance with the requirements of Regulation 580 of the Securities and Exchange Board of India (Depositories and Participants) Regulations. 1996. as amended ("Depositories Regulations"). Furthermore, in terms of Rule l9(2)(b)(i) of the Securities Contrcts Regulations Rules. 1957 , as amended ("SCRR"} read with Regulation 41 of the ICDR Regulations, the Offer was made through the Book Bulldings Process in compliance with Regulation 26(1) of tha ICDR Regulations, wherein not more than 50% of the Net Offer was avalable for allocation on a proportionate basis to Qualified Institutional Buyers ("QIB"). Provided that our Company and the Selling Shareholders in consultation with the Managers, have allocated up to 60% of the QIB Portion to Anchor Investors on a discretionary basis. One-third of the Anchor Investor Portion was reserved for domestic Mutual Funds, subject to valid Bids received from domestic Mutual Funds at or above the Anchor Investor Allocation Price. 5% of the QIB Portion (excluding the Anchor investor Portion) was available for allocation on a proportionate basis to Mutual Funds only, and the remainder of the QIB Portion was available tor allocation on a proportionate basis to all QIB Bidders (other than Anchor Investors), including Mutual Funds, subject to valid Bids received at or above the Offer Price. Further, not less than 15% of the Net Offer was available for allocation on a proportionate basis to Non-lnstitutional Investors and not less than 35% of the Net Offer was available for allocation on a proportionate basis to Retail Individual Investors, in accordance with the ICDR Regulations, subject to valid Bids received at or above the Offer Price. Further, there was a reservation of 700.000 Equity Shares aggregating to Rs 104.31 million to subscription by Eligible Employees, All Bidders, other than Anchor Investors, were required to mandatorily utilise the Application Supported by Blocked Amount ("ASBA") process providing details of their respective bank accoums which will be blocked by the Self Certified Syndicate Banks ("SCSBs"). 10 participate In this Offer. Anchor Investors were not permitted to participate in the Anchor Investor Portion through theASBA process For details. please see 'Offer procedure, on page 506 oh the Prospectus.
The Offer received 1,779,259 applications for 4,200,051,200 Equity Shares (prior 10 technical rejections) resulting in 119,4309 times subscription. The detalis of the applications received in the Offer from various categories are as under: (before technical rejections):
A summary of the final demand as per BSE and NSE on the Issue Closing Date at different Bid prices is as under:
The Basis of Allotment was finalized in consultation with NSE on June 28.2017.
A. Allotment to Retail Individual Investors (after technical rejections)
B. Allotment to Non-Institutional Investors (After Technical Rejections)
C. Allotment to Eligible Employee
D. Allotment to QIBs excluding Anchor Investors
Allotment to QIBs (excluding Anchor Investors), who have placed Bid at the Offer Price of Rs 149 per Equity Share, has been done on a proportionate basis in consultation with NSE This category has been subscribed to the extent of 148.613 times of QIB Portion. As per the SEBI Regulations. Mutual Funds were Allotted 5% of the QIB Portion available i.e. 344.672 Equity Shares and other QIBs. including Mutual Funds ware Allotted the remaining available Equity Shares i.e. 6.548,770 Equity Shares on a proportionate basis The total number of Equity Shares Allotted in the QIB Portion is 6.893.442 Equity Shares, which were allotted to 200 successful QIB Bidders. The category-wise details of the Basis of Allotment are as under:
E. Allotment to Anchor Investors
The IPO Committeeo fo our Company on June 29.2017 has taken on record the Basis of
Allotment approved by NSE and has allotted the Equity Shares to various successful
Bidders. The allotment advice cum refund intimations and/ or notices will be dispatched to
the addresses of the investors, as registered with the depositories. Further, instructions
to the Self Certified: Syndicate Banks for unblocking of funds and transfer to Public
Offer Account have been issued on June 29,2017 and payment to non-Syndicata brokers have
been issued on June 29,2017. In case the same is not received within six Working Days.
Bidders may contact the Registrar to the Offer at the address given below. The Equity
Shares Allotted to the successful Allottees have been uploaded on June 29, 2017 for credit
into the respective beneficiary accounts subject to validation of the account details with
the depositories concerned. The Company has filed the Listing application with NSE on June
29,2017 and the trading will commence on or about June 30.2017.
INVESTORS PLEASE NOTE
The details of the allotment made will be hosted on the website of the Registrar to the
Offer, Link Intime India Private Limited at www.linkintime.co.in
Link Intime India Private Limited
(1) The Board of Directors has, in their meeting dated June 6,2017, taken on record the
resignation of Nirogi Venkata Sesha Pavan Kumar; the Company Secretary & Compliance
Officer, which will be effective on July 31,2017. The Company has initiated the necessary
steps for the appointment of a Company Secretary & Compliance Officer upon his
resignation as required under provisions of applicable law.