HSL Mobile App Central Depository Services (India) Limited IPO
CDSL IPO Details
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Issue Highlights
- Incorporated on 12th December 1997, Central Depository Services (India) Limited (“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 Fiscal 2016.
- CDSL offer services to the Depository Participants and Other Capital Market Intermediaries, Corporates, Capital Market Intermediaries, Insurance Companies and Others.
- Their services offered by the entities: Central Depository Services (India) Ltd (“CDSL”); CDSL Ventures Ltd (“CDSL Ventures”); CDSL Insurance Repository Ltd (”CDSL Insurance”) and CDSL Commodity Repository Ltd (”CDSL Commodity”)
- CDSL has a wide network of DPs, who act as points of service for their investors, operating from over 17,000 sites across the country. As of April 30, 2017, CDSL has 589 DPs servicing across 29 States and 7 Union Territories including 2 Overseas Centres.
- CDSL will continue to diversify their product and service offerings depending on investors' needs. They have received the LOI to register as a Warehouse Repository. CDSL has also planning to expand their NAD project to include more Educational Institutions in the future. CDSL has also registered as a KYC Service Agency (“KSA”) & Authorised Service Agency (“ASA”) and as a KYC User Agency (“KUA”) & Authorised User Agency (“AUA”) with the UIDAI.
- The shares will be listed only on NSE.
Business Overview:
The Offer comprises the Fresh Issue and the Offer for Sale. TNL will not receive any proceeds from the Offer for Sale. The Company proposes to utilize the Net Proceeds towards funding the following objects.
| Clientele | Services offer |
| Depository Participants and other capital market intermediaries: | CDSL offer Dematerialization for a wide range of securities including Equity shares, Preference shares, Mutual fund units, Debt instruments, Government securities. As a securities depository, CDSL facilitate holding of securities in Electronic Form and enable securities transactions (including off-market transfer and pledge) to be processed by book entry. The DPs act as their agent and offer depository services to the BO of the securities. The Registrar and Transfer Agents (“RTAs”) and Clearing Members (“CMs”) are the other intermediaries involved in the process of issue and transfer of securities on their electronic platform. |
| Corporates: | CDSL offer facilities to issuers to credit securities to a shareholder's/applicant's demat accounts to give effect to a range of non-cash corporate actions such as bonus issue, subdivision of holdings and conversion of securities in a merger, amalgamation or in an initial public offering. |
| Capital market intermediaries: | CDSL offer KYC services in respect of investors in Indian capital markets to capital market intermediaries including to mutual funds. |
| Insurance Companies: | CDSL offer facilities to allow holding of Insurance Policies in Electronic Form to the holders of these insurance policies of several insurance companies. |
| Others: | CDSL also offer other online services such as e-voting, e-Locker, National Academy Depository, easi (Electronic Access to Security Information), easiest (Electronic Access to Security Information and Execution of Secured Transaction) drafting and preparation of wills for succession (myeasiwill) mobile application (myeasi, m-voting) and Transactions using Secured Texting (TRUST). They also regularly conduct investor meetings and other awareness programs. |
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