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CSB Bank Limited IPO

CSB Bank Limited IPO

IPO Date :
Issue Price :
Allotment Date :
Listing Date :
List Price :
Lot Size:
Subscription:
Listed Price: ₹ 275.00 (+41.03%)

CSB Bank Limited's successfully completed its Initial Public Offering and commenced trading on 04-12-2019 at the NSE, BSE exchange. The company raised 2,10,21,821 Shares through this public offering, comprising 12,43,523 Shares in fresh capital and ₹385.68 Cr through the Offer for Sale mechanism.

The IPO was priced within the band of ₹193 to ₹195, with minimum application lots of 75 shares. The offering attracted significant investor interest during its subscription period from 22-11-2019 to 26-11-2019.

Share allotment was finalized on 02-12-2019, distributing equity to successful applicants. The stock's subsequent listing marked a significant milestone in the company's corporate history, providing public market liquidity to shareholders.

CSB Bank IPO Details
Lot(s) Distribution

Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.

IPO Reservation
CSB Bank IPO Key Performance Indicator
Company Financials ( in Lakhs )

CSB Bank IPO About Company

CSB Bank Ltd, established in 1920 and earlier known as Catholic Syrian Bank, is one of India’s oldest private sector banks, headquartered in Kerala with a strong presence in Kerala, Karnataka, Tamil Nadu, and Maharashtra. The bank operates across SME banking, wholesale banking, retail banking, and treasury operations, offering services such as working capital and term loans, trade finance, retail deposits, gold loans, personal and home loans, and liquidity and investment management. It also distributes life and general insurance products through partnerships with leading insurers and serves around 1.3 million customers mainly in the retail, SME, and NRI segments through an extensive network of branches, ATMs, and digital channels across multiple states and union territories. Following the acquisition of a majority stake by Fairfax India Holdings Corporation in 2018, the bank is focused on strengthening technology, expanding services, and transforming into a modern full-service private sector bank.


Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."


CSB Bank IPO Strength Factors

  1. Strong network and a well-recognized brand in South India
  2. Solid capital base
  3. Proven business model focused on SMEs
  4. Gold loans make up a large part of the portfolio
  5. Follows careful risk management with clear policies and procedures

CSB Bank IPO Risk Factors

NA


CSB Bank IPO Lead Manager(s)

  • Axis Capital Limited
  • IIFL Securities Limited

CSB Bank IPO Promoter(s)

  1. FIH Mauritius Investments Ltd (FIHM)

CSB Bank IPO Company Details

CSB Bank Limited
Phone:
address:

CSB Bank IPO Registrar

Link Intime India Private Limited
Name:
Phone:

CSB Bank IPO FAQs