CSB Bank IPO (Initial Public Offering)

Incorporated on November 26, 1920 CSB Bank Limited (“CSB”) (formerly The Catholic Syrian Bank) is one of the oldest private sector banks in India with a history of over 98 years, transforming to a new age private bank backed by a new marquee investor – Fairfax India through FIH Mauritius Investments Ltd (FIHM). It offers a wide range of products and services to their overall customer base of 1.3 million as on September 30, 2019, with particular focus on SME, Retail, and NRI customers.

Fresh Issue of Equity shares aggregating upto ₹ 24 Crore and Offer for sale of up to 19,778,298 Equity Shares.

Issue summary
Net Issue size: ₹ 405.72 Cr – 409.68 Cr
No. of shares: 21,009,067 – 21,021,821
Face value: ₹ 10
Price band : ₹ 193 - 195
Bid Lot: 75 Shares and in multiple thereof
Post Issue Implied Marker Cap = ₹ 3,348 – 3,382 Cr
Merchant Bankers: Axis Capital, IIFL Securities
Registrar: Link Intime India Pvt. Ltd.
Issue opens on: Friday, 22nd Nov’2019
Issue closes on: Tuesday, 26th Nov’2019

Indicative Timetable

Finalization of Basis of Allotment (EOD or next day morning the exchanges notify the investors who are supposed to receive allotment): 02-12-2019
Refunds/Unblocking ASBA Fund: 03-12-2019
Credit of equity shares to DP A/c: 03-12-2019
Listing date: 04-12-2019


How to apply?

You can easily apply for this IPO using UPI. We’ve explained the process in this article:

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