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
| Issue | Details |
|---|---|
| Name | CSBBANK |
| Issue Opens | 22-Nov-19 |
| Issue Closes | 26-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-Issue | Post-Issue |
|---|---|---|
| Promoter Group | 50.1 | 38.3 |
| Public/Other | 49.9 | 61.7 |
CSB Bank Financial Details (INR crore)
| ₹ crore | FY17 | FY18 | FY19 | H1FY20 |
|---|---|---|---|---|
| Total Income | 595 | 510 | 576 | 364 |
| Profit After Tax | 58 | 127 | 66 | 44 |
| Return on Equity (%) | 10.6 | 35.9 | 6.7 | 2.9 |
| Net margin (%) | 3.6 | -8.9 | -4.4 | |
| Networth (crore) | 546.1 | 974.0 | 974.0 | 1536.0 |
CSB Bank Company Contact Information
| Contact Details | Registrar |
|---|---|
| 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 4872333020 | Phone: +91 22 4918 6200 Fax: +91 22 49186195 |
| Email: [email protected] | Email: [email protected] |
| Website: www.csb.co.in | Website: www.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.
| NSE | BSE | |
|---|---|---|
| Listing Date | 30 Dec 2019 | 30 Dec 2019 |
| IPO Price | ₹195 | ₹195 |
| Open | 275 | 275 |
| High | 306.80 | 307 |
| low | 275 | 275 |
| Close | 300.05 | 300.10 |
| Volume | 37 M | 3.9 M |
| Listing Day P/L | +55.10% | +54.15% |
Analyst Reviews.
| Angel Broking – Neutral | Ajcon Global – Subscribe |
| ICICIdirect – Subscribe | Choice Broking – Avoid |
| Hem Securities – Subscribe | Capital Market – Avoid |
| Mehta Equities – Subscribe | Emkay Global – None Kotak Securities – None |
Subscription Details
Subscription (No. of times, 26 Nov at 10:45 PM)
| Category | Offered Shares | DAY 1 | DAY 2 | DAY 3 |
|---|---|---|---|---|
| QIB | 63,02,721 | 0.00x | 0.26x | 62.18x |
| NII | 31,51,360 | 0.10x | 1.07x | 164.68x |
| Retail | 21,00,906 | 5.60x | 21.53x | 44.53x |
| Total | 1,15,54,987 | 1.05x | 4.35x | 86.93x |
CSB Bank IPO Lead Managers & Company Promoters
| Lead Managers | Board of Directors |
|---|---|
| Axis Capital Limited | Chairman: Mr. Madhavan Karunakaran Menon |
| IIFL Securities Limited | Managing 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
What is CSB Bank IPO?
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).
How do I apply for the CSB Bank IPO?
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.
What is the CSB Bank IPO issue date?
Issue period is from 22-Nov-19 to 26-Nov-19.
What is the CSB Bank IPO allotment date?
Allotment date is 2-Dec-2019 and share will transfer to your demat account on 3-Dec-2019.
What if CSB Bank IPO Shares not allotted to me?
Suppose CSBBANK shares not allotted to you than refund will be credited to your linked bank account.
How to Apply CSB Bank IPO through Zerodha?
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.
What is the CSB Bank IPO Listing date?
Listing date for this IPO is 04-Dec-2019.
Is there any other CSB Bank IPO Listing later this year?
There is no such information regarding the further listing of CSB Bank IPO
What is the Lot Size of CSB Bank IPO?
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
What is the face value of CSB Bank IPO?
Face value of CSB Bank is ₹10 Per Equity Share.
What CSB Bank symbols in NSE & BSE?
NSE: CSBBANK & BSE: 542867, Group: B
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