Sensex projected to rise 18 pc by end of 2025: Morgan Stanley
In its latest note, the US-headquartered investment bank sees 18 per cent base case upside for the BSE Sensex by the December end.
Central Depository Services (India) Ltd (CDSL) made a remarkable stock market debut on Friday, listing at a premium of nearly 68 per cent from the issue price of Rs.149.
The stock listed at Rs.250, a sharp jump of 67.78 per cent from the issue price on the NSE. Later, it touched a high of Rs.268, up 79.86 per cent.
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Over two crore shares of the company were traded on the NSE during the morning trade.
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The IPO of BSE's depository arm received an overwhelming response from investors as it was oversubscribed a staggering 170.16 times during June 19-21.
The qualified institutional buyer (QIB) portion was oversubscribed 148.71 times, non-institutional investors 563.03 times and retail investors 23.83 times.
The price band for the share sale was fixed at Rs.145- 149.
The IPO size was of 3.51 crore shares, including anchor portion of over 1 crore shares.
The book running lead managers to the offer were Haitong Securities India Pvt Ltd, IDBI Capital Markets and Securities Ltd and YES Securities (India) Ltd.
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