CSB Bank IPO description – CSB Bank is one of the oldest private sector banks in India with a history of over 98 years and has a strong base in Kerala along with significant presence in Tamil Nadu, Karnataka, and Maharashtra.
The bank offers a wide range of products and services to its overall customer base of 1.3 million as on 31 March 2019, with particular focus on SME, Retail, and NRI customers.
CSB Bank delivers its products and services through multiple channels, including 414 branches (excluding three service branches and two asset recovery branches) and 277 ATMs spread across 16 states and four union territories as on 31 March 2019.
The bank has four principal business areas, namely, (a) SME banking, (b) retail banking, (c) wholesale banking, and (d) treasury operations.
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It is in the process of rebranding itself to “CSB Bank Limited” and is re-aligning its organizational set-up for efficiently driving operations and business strategy. Under this strategy, branches will be responsible only for deposits, cross-selling and customer servicing and all loan products will be driven by dedicated teams, with each business team operating as a profit centre.
Promoters of CSB Bank – FIH Mauritius Investments Ltd
|CSB Bank IPO details|
|Subscription Dates||22 – 26 November 2019|
|Price Band||INR193 – 195 per share|
|Fresh issue||1,243,523 shares (INR240 – 242.5 crore)|
|Offer For Sale||19,778,298 shares (INR381.72 – 385.68 crore)|
|Total IPO size||INR621.72 – 628.17 crore|
|Minimum bid (lot size)||75 shares|
|Face Value||INR10 per share|
|Listing On||NSE, BSE|
|CSB Bank’s financial performance (in INR crore)|
|Net margin (%)||-3.6||-8.9||-4.4|
More about CSB Bank
CSB Bank Contact DetailsCSB Bank Limited
CSB Bhavan’, Post Box No.
St. Mary’s College Road,
Thrissur 680 020, Kerala, India Phone: +91 487 2333 020
Registrar of CSB Bank IPOLink Intime India Private Limited
C-101, 1st Floor, 247 Park
Lal Bahadur Shastri Marg, Vikhroli (West)
Mumbai – 400 083 Phone: +91 22 4918 6200
Fax: +91 22 4918 6195
Email: [email protected]
Valuation of CSB Bank (as of FY2019, after conversion of warrants and ESOP allotment)
Earnings Per Share (EPS): -INR3.81
Price/Earnings (PE ratio): To be updated
Return on Net Worth (RONW): -4.48%
Net Asset Value (NAV): INR85.12 per share
CSB Bank IPO Subscription Details
|Category||Shares offered||Subscription (no.
|Day 1||Day 2||Day 3|
CSB Bank IPO Analyst Reviews
Ajcon Global – Subscribe
Angel Broking – Neutral
ICICIdirect – Subscribe
Choice Broking – Avoid
Hem Securities – Subscribe
CSB Bank IPO Allotment Status
CSB Bank IPO allotment status is now available on Link Intime’s website.
Click on this linkto get allotment status.
Listing Performance of CSB Bank
IPO Opening Date: 22 November 2019
IPO Closing Date: 26 November 2019
Finalisation of Basis of Allotment: 2 December 2019
Initiation of refunds: 3 December 2019
Transfer of shares to demat accounts: 3 December 2019
Listing Date: 4 December 2019
Opening Price on NSE: INR275 per share (up 41.03% from IPO price)
Closing Price on NSE: INR300.05 per share (up 53.87% from IPO price)