CSB Bank IPO Reviews, Dates, Subscription & Expert Analyst
CSB Bank Limited IPO

CSB Bank IPO of Catholic Syrian Bank. This bank is one of the largest private sector banks IPO in India with a history of 98 years, with a strong presence in four major states of India such as Tamil Nadu, Karnataka, Maharashtra and Kerala.

As on March 31, 2019, CSB Bank has a wide range of SME, retail and NRI services to over 13 lakh customers. More than 414 branches and 277 ATMs CSB bank has strong presences in 16 states and 4 union territories.

CSB bank offers multiple services like micro ATMs, debit cards, internet banking, mobile banking, point of sale services, and UPI.

CSB Banks offers banking products like Accounts, Loans, Forex, Insurances, Investments, Gst, NRI Banking, Agri Banking, SME Banking, Corporate Banking

Achievements & Strength

  • Strong SME business model.
  • Established Band in south India.
  • Profit Making Bank.

CSB Bank IPO Issue Details

IssueDetails
NameCSBBANK
Issue Opens22-Nov-19
Issue Closes26-Nov-19
Issue Size ( crore) 400 cr
Price Band ( per share) 193-195
Face Value 10
Fresh Issue (at upper band) 24 cr
No. of shares on offer (crore)1.97 crores
QIB (%)75
Retail (%)35
Non-Institutional (%)10
Minimum lot size (no of shares)75 Shares

Shareholding Pattern (%)

Pre-IssuePost-Issue
Promoter Group50.138.3
Public/Other49.961.7

CSB Bank Financial Details (INR crore)

₹ croreFY17FY18FY19H1FY20
Total Income595510576364
Profit After Tax581276644
Return on Equity (%)10.635.96.72.9
Net margin (%)3.6-8.9-4.4
Networth (crore)546.1974.0974.01536.0

CSB Bank Company Contact Information

Contact DetailsRegistrar
CSB Bank Limited
CSB Bhavan’, Post Box No. 502,
St. Mary’s College Road,
Thrissur 680 020, Kerala
Link Intime India Private Ltd
C 101, 247 Park, L.B.S.Marg,
Vikhroli (West),
Mumbai – 400083
Phone: +91 4872333020Phone: +91 22 4918 6200
Fax: +91 22 49186195
Email: investors@csb.co.inEmail: csb.ipo@linkintime.co.in
Websitewww.csb.co.inWebsitewww.linkintime.co.in

Listing Time Table of CSB Bank IPO

  • IPO Opening Date: 22 Nov 2019
  • IPO Closing Date: 26 Nov 2019
  • Final Allotment: 2 Dec 2019
  • Refunds: 3 Dec 2019
  • Transfer of shares to Demat accounts: 3 Dec 2019
  • Share Credit to Demat Account: 4 Dec 2019
  • Listing Date: 30 Dec 2019

Listing Day CSB Bank Performance.

NSEBSE
Listing Date30 Dec 201930 Dec 2019
IPO Price₹195₹195
Open275275
High306.80307
low275275
Close300.05300.10
Volume37 M3.9 M
Listing Day P/L+55.10%+54.15%

Analyst Reviews.

Angel Broking – NeutralAjcon Global – Subscribe
ICICIdirect – SubscribeChoice Broking – Avoid
Hem Securities – SubscribeCapital Market – Avoid
Mehta Equities – SubscribeEmkay Global – None
Kotak Securities – None

Subscription Details

Subscription (No. of times, 26 Nov at 10:45 PM)

CategoryOffered SharesDAY 1DAY 2DAY 3
QIB63,02,7210.00x0.26x62.18x
NII31,51,3600.10x1.07x164.68x
Retail21,00,9065.60x21.53x44.53x
Total1,15,54,9871.05x4.35x86.93x

CSB Bank IPO Lead Managers & Company Promoters

Lead ManagersBoard of Directors
Axis Capital LimitedChairman:
Mr. Madhavan Karunakaran Menon
IIFL Securities LimitedManaging Director & CEO:
Rajendran Chinna Veerappan
Mr. Thomas Mathew
Mr. Sumit Maheshwari
Ms. Bhama Krishnamurthy
Mr. Aravamuthan Madhavan
Mr. Syed Nagoor Ali Jinnah

FAQs for CSB Bank IPO

1.What is CSB Bank IPO?
Ans: CSB Bank IPO is a Main-board IPO. Total number of 11,554,987 shares offered through public issue. Offers price is Rs.193 to Rs.195. Investor can apply between 1 lot (75 share in 1 lot) up-to 13 lots (975).

2.How do I apply for the CSB Bank IPO?
Ans: Anyone having demat account are eligible for CSB Bank IPO application. There are two method available for application.

  • ASBA Payment Method : The net-banking facility available for online IPO application.
  • UPI Payment Method: By using UPI payment method for application process.

3.What is the CSB Bank IPO issue date?
Ans: Issue period is from 22-Nov-19 to 26-Nov-19.

4.What is the CSB Bank IPO allotment date?
Ans: Allotment date is 2-Dec-2019 and share will transfer to your demat account on 3-Dec-2019.

5.What if CSB Bank IPO Shares not allotted to me?
Ans: Suppose CSBBANK shares not allotted to you than refund will be credited to your linked bank account.

6.How to Apply CSB Bank IPO through Zerodha?
Ans: Zerodha customers can apply through UPI’s payment gateway by Zerodha Console. Pls follow Below steps.

  • login to console.zerodha.com
  • Portfolio<<IPOs
  • Get the list of current listed IPOs.
  • You can apply for an IPO online.

7.What is the CSB Bank IPO Listing date?
Ans: Listing date for this IPO is 04-Dec-2019.

8.Is there any other CSB Bank IPO Listing later this year?
Ans: There is no such information regarding the further listing of CSB Bank IPO

9.What is the Lot Size of CSB Bank IPO?
Ans: Minimum 75 shares (1 lot) and maximum 975 (13 lot) shares of lot size is available. One share price is ₹.195 so 1 lot is ₹.14,625. 13 1 lot is ₹.1190,125

10.What is the face value of CSB Bank IPO?
Ans: Face value of CSB Bank is ₹10 Per Equity Share.

11.What CSB Bank symbols in NSE & BSE?
Ans: NSE: CSBBANK & BSE: 542867, Group: B

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