The CSB Bank date has been confirmed from November 22 and ended on November 26
The CSB Bank IPO will take place on November 22nd, 2019. Catholic Syrian Bank, often known as CSB Bank, plans to generate around 410 crore rupees through an initial public offering.
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Bidding Dates
November 22- 26
Price Range
₹193 to ₹195 per share
Face Value
₹10 per share
GMP
Coming Soon
CSB Bank GMP
The CSB Bank IPO GMP is ₹[0].
IPO Overview
CSB Bank IPO is a book built issue of Rs 409.68 crores. The issue is a combination of fresh issue of 0.12 crore shares aggregating to Rs 24.00 crores and offer for sale of 1.98 crore shares aggregating to Rs 385.68 crores.
CSB Bank IPO bidding started from November 22, 2019 and ended on November 26, 2019. The allotment for CSB Bank IPO was finalized on Monday, December 2, 2019. The shares got listed on BSE, NSE on December 4, 2019.
CSB Bank IPO price band is set at ₹193 to ₹195 per share. The minimum lot size for an application is 75 Shares. The minimum amount of investment required by retail investors is ₹14,625.
CSB Bank IPO GMP Live Rates Day By Day With Kotak Rates
- Grey market premium as on today is ₹60-65, Kostak ₹180-200 & Subject to Sauda is ₹3500
- Grey market premium as on 03-12-2019 is ₹60-65, Kostak ₹180-200 & Subject to Sauda is ₹3500
- Grey market premium as on 02-12-2019 is ₹60-65, Kostak ₹180-200 & Subject to Sauda is ₹3500
- Grey market premium as on 01-12-2019 is ₹60-65, Kostak ₹180-200 & Subject to Sauda is ₹3500
- Grey market premium as on 30-11-2019 is ₹60-65, Kostak ₹180-200 & Subject to Sauda is ₹3500
- Grey market premium as on 29-11-2019 is ₹60-65, Kostak ₹180-200 & Subject to Sauda is ₹3500
- Grey market premium as on 28-11-2019 is ₹60-65, Kostak ₹180-200 & Subject to Sauda is ₹3500
- Grey market premium as on 27-11-2019 is ₹70-75, Kostak ₹180-200 & Subject to Sauda is ₹3500
- Grey market premium as on 26-11-2019 is ₹70-75, Kostak ₹180-200 & Subject to Sauda is ₹3500
- Grey market premium as on 25-11-2019 is ₹70-75, Kostak ₹180-200 & Subject to Sauda is ₹3500
- Grey market premium as on 24-11-2019 is ₹65-70, Kostak ₹180-200 & Subject to Sauda is ₹3500
- Grey market premium as on 23-11-2019 is ₹65-70, Kostak ₹180-200 & Subject to Sauda is ₹3500
- Grey market premium as on 22-11-2019 is ₹65-70, Kostak ₹180-200 & Subject to Sauda is ₹3500
- Grey market premium as on 21-11-2019 is ₹65-70, Kostak ₹180-200 & Subject to Sauda is ₹3500
- Grey market premium as on 20-11-2019 is ₹45-50, Kostak ₹150-200 & Subject to Sauda is ₹2500
- Grey market premium as on 19-11-2019 is ₹55-60, Kostak ₹160-170 & Subject to Sauda is ₹N/A
- Grey market premium as on 18-11-2019 is ₹55-60, Kostak ₹160-170 & Subject to Sauda is ₹N/A
- Grey market premium as on 17-11-2019 is ₹80, Kostak ₹N/A & Subject to Sauda is ₹N/A
- Grey market premium as on 16-11-2019 is ₹80, Kostak ₹N/A & Subject to Sauda is ₹N/A
- Grey market premium as on 15-11-2019 is ₹80, Kostak ₹N/A & Subject to Sauda is ₹N/A
- Grey market premium as on 14-11-2019 is ₹80, Kostak ₹N/A & Subject to Sauda is ₹N/A
- Grey market premium as on 13-11-2019 is ₹50, Kostak ₹N/A & Subject to Sauda is ₹N/A
- Grey market premium as on 12-11-2019 is ₹50, Kostak ₹N/A & Subject to Sauda is ₹N/A
- Grey market premium as on 11-11-2019 is ₹50, Kostak ₹N/A & Subject to Sauda is ₹N/A
- Grey market premium as on 10-11-2019 is ₹50, Kostak ₹N/A & Subject to Sauda is ₹N/A
CSB Bank IPO Date & Price Band Details
| IPO Date | November 22, 2019 to November 26, 2019 |
| Listing Date | December 4, 2019 |
| Face Value | ₹10 per share |
| Price Band | ₹193 to ₹195 per share |
| Lot Size | 75 Shares |
| Total Issue Size | 21,021,821 shares (aggregating up to ₹409.68 Cr) |
| Fresh Issue | 1,243,523 shares (aggregating up to ₹24.00 Cr) |
| Offer for Sale | 19,778,298 shares of ₹10 (aggregating up to ₹385.68 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
CSB Bank IPO Market Lot
Investors can bid for a minimum of 27 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
| Retail (Min) | 1 | 75 | ₹14,625 |
| Retail (Max) | 13 | 975 | ₹190,125 |
CSB Bank IPO Allotment & Listing Dates
CSB Bank IPO opens on November 22, 2019, and closes on November 26, 2019.
| IPO Open Date | Friday, November 22, 2019 |
| IPO Close Date | Tuesday, November 26, 2019 |
| Basis of Allotment | Monday, December 2, 2019 |
| Initiation of Refunds | Tuesday, December 3, 2019 |
| Credit of Shares to Demat | Tuesday, December 3, 2019 |
| Listing Date | Wednesday, December 4, 2019 |
| Cut-off time for UPI mandate confirmation | 5 PM on November 26, 2019 |
CSB Bank Company Financial Report
| Particulars | For the year/period ended (Rs in Million) | ||||
| 30-Sep-19 | 31-Mar-19 | 31-Mar-18 | 31-Mar-17 | ||
| Total Assets | 1,73,232.58 | 1,64,534.60 | 1,53,346.62 | 1,57,700.26 | |
| Total Revenue | 8,167.14 | 14,834.33 | 14,222.26 | 16,174.96 | |
| Profit After Tax | 442.72 | (656.89) | (1,270.88) | (579.91) | |
CSB Bank IPO Reservation
CSB Bank IPO offers 11,554,987 shares. 6,302,721 (54.55%) to QIB, 3,151,360 (27.27%) to NII, 2,100,906 (18.18%) to RII. 28,012 RIIs will receive minimum 75 shares and (sNII) and (bNII) will receive minimum 1,050 shares. (in case of oversubscription)
| Investor Category | Shares Offered | Maximum Allottees |
| Anchor Investor Shares Offered | – | NA |
| QIB Shares Offered | 6,302,721 (54.55%) | NA |
| NII (HNI) Shares Offered | 3,151,360 (27.27%) | |
| Retail Shares Offered | 2,100,906 (18.18%) | 28,012 |
| Total Shares Offered | 11,554,987 (100%) |
Company Profile
CSB Bank Limited (Formerly known as The Catholic Syrian Bank Limited) is one of the fastest growing private sector banks in India with a significant branch presence in the Thrissur district of Kerala and a steadily increasing network across India with a special thrust on Northern and Western part of the country. The Bank operates into four segment verticals: SME Banking, Retail banking, Wholesale Banking, and Treasury. The CSB Bank was incorporated on November 26, 1920. The Bank commenced business on January 1, 1921, with an authorized capital of Rs. 5 lakhs and a paid-up capital of Rs. 45270/-.
During FY2020, the Bank raised capital of Rs 409.68 crore through an Initial Public Offering(IPO), and the bank shares were listed in BSE and NSE on December 4, 2019. During its first two decades of functioning, the Bank concentrated only in Kerala. Banks and credit institutions that increased, especially in Kerala, received a jolt, and many of them came to their doom following the crash of the Travancore National Quilon Bank in 1938, followed by the Palai Central Bank in 1960.
Registrar Info
| Name | Link Intime India Private Ltd |
| Phone number | +91-22-4918 6270 |
| Email ID | csb.ipo@linkintime.co.in |
| Website | https://linkintime.co.in/mipo/ipoallotment.html |
Contact Details
| Name | CSB Bank Limited |
| Phone number | +91 487 2333 020 |
| Email ID | investors@csb.co.in |
| Website | http://www.csb.co.in |
IPO Strenghts
- Experienced promoters and a competent management team.
- Well-established relationships with a loyal customer base.
- Access to markets worldwide, enabling global reach.
IPO Weakness
- Heavy reliance on customers based in the United States.
- Need to adhere to multiple laws and regulations in these countries to ensure compliance.
- Competition from other players in the market.
