CSB Bank Ltd IPO

Incorporated in 1920, Kerala based CSB Bank Ltd, formerly known as Catholic Syrian Bank, is one of the oldest private sector banks in India. The bank has a significant presence in Southern India and Maharashtra. 

CSB Bank Ltd. operates in four business areas:

  1. SME Banking
  2. Wholesale Banking
  3. Retail Banking
  4. Treasury Operations

 

The company also has a contractual arrangement to distribute life insurance products of HDFC, Edelweiss Tokio, and ICICI Prudential Life Insurance Company Ltd and general insurance products of Reliance General Insurance Company Ltd. The bank has 1.3 million customers majorly from Retail, SME and NRI segments. It has a wide product and services range delivered through multiple channels of 277 ATMs, 414 branches, and other services. In the year 2018, Watsa's Fairfax India Holdings (FIH) Corporation acquired CSB Bank with 51% stake (around Rs 440 cr).

 

Core Strengths

  • Strong network and well-known brand in South India
  • Significant capital base
  • Established SME business model
  • Major portion of gold loans in portfolio
  • Prudent risk management controls, policies, and procedures

CSB bank ltd ipo

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Issue Details

CSB Bank Ltd - ISSUE OPENS
ISSUE OPENS
November 22, 2019
CSB Bank Ltd IPO - ISSUE CLOSES
ISSUE CLOSES
November 26, 2019
CSB Bank Ltd IPO - Issue Price
ISSUE PRICE
Rs 193 - Rs 195 Per Equity Share
CSB Bank Ltd IPO - BID LOT
BID LOT
75 equity shares and in multiples of 75 thereafter
CSB Bank Ltd IPO - IPO size
IPO size
Rs 409.68 Cr
CSB Bank Ltd IPO - LISTING EXCHANGES
LISTING EXCHANGES
NSE & BSE
CSB Bank Ltd IPO - Allotment Date
ALLOTMENT DATE
Tentatively December 02, 2019
CSB Bank Ltd IPO - Ratio
RATIO - INSTI / RETAIL / HNI
QIB 75% - Retail 10% - NIB 15%

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