CSB Bank Limited IPO

CSB bank logo

CSB Bank Limited IPO is a mainstream IPO, which is open for all investors from 22nd November 2019, Friday to 26th November 2019, Tuesday. Promoters are offering 19,778,298 equity shares to public through this issue which is worth of Rs 24 Crores. For other IPO details on CSB Bank Limited IPO, scroll below+

IPO Details

Grey Market Premium of CSB Bank Limited IPO

Find the latest and updated GMP of CSB  bank limited IPO below

Date
Grey Market Premium of IRCTC Limited IPO
Kostak of IRCTC Limited IPO​
Sauda of IRCTC Limited IPO​
12-Jun-2020 Rs 57Rs 68 Not Available Rs 3500
11-Jun-2020 Rs 57Rs 68 Not Available Rs 3500
10-Jun-2020 Rs 57Rs 68 Not Available Rs 3500
9-Jun-2020 Rs 57Rs 68 Not Available Rs 3500
8-Jun-2020 Rs 57Rs 68 Not Available Rs 3500
7-Jun-2020 Rs 57Rs 68 Not Available Rs 3500
6-Jun-2020 Rs 57Rs 68 Not Available Rs 3500
5-Jun-2020 Rs 67Rs 78 Not Available Rs 3500
4-Jun-2020 Rs 67Rs 78 Not Available Rs 3500
3-Jun-2020 Rs 67Rs 78 Not Available Rs 3500
2-Jun-2020 Rs 62Rs 73 Not Available Rs 3500
1-Jun-2020 Rs 62Rs 73 Not Available Rs 3500
31-May-2020 Rs 62Rs 73 Not Available Rs 3500
30-May-2020 Rs 62Rs 73 Not Available Rs 3500
29-May-2020 Rs 42Rs 53 Not Available Rs 2500
28-May-2020 Rs 52Rs 63 Not Available Not Available
27-May-2020 Rs 52Rs 63 Not Available Not Available
26-May-2020 Rs 77 Not Available Not Available
25-May-2020 Rs 77 Not Available Not Available
24-May-2020 Rs 77 Not Available Not Available
23-May-2020 Rs 77 Not Available Not Available
22-May-2020 Rs 47 Not Available Not Available
21-May-2020 Rs 47 Not Available Not Available
20-May-2020 Rs 47 Not Available Not Available
19-May-2020 Rs 47 Not Available Not Available

Allotment Status of CSB Bank Limited IPO

Company Background

CSB Bank Limited IPO is a Kerala based private bank , with an annual revenue of Rupees 1483.433 crores.

  • CSB was formerly known as Catholic Syrian Bank and has been in operation for more than 98 years
  • Company has close to 1.3 million customers
  • Company has 414 branches & 277 ATMs spread across 16 states of India
  • Bank focuses on channels like  micro ATMs, debit cards, internet banking, mobile banking, point of sale services and UPI

Date of Incorporation

CSB Bank Limited was incorporated as The Catholic Syrian Bank Limited on 26th November 1920. After a series of changes , company was finally converted into CSB Bank Limited on June 10th 2019 with a Corporate Identification Number, U65191KL1920PLC000175

Promoters of CSB Bank Limited

FIH Mauritius Investments Ltd is the sole promoter of the bank

Product & Services Offered

CSB Bank Limited offers following banking products & services to its customers:-

  • SME banking, retail banking, wholesale banking, and treasury operations.
  • Under SME banking, the bank offers term loans, working capital loans, invoice/bill discounting, letters of credit and bank guarantees
  • Under retail banking,   lending products include gold loans, vehicle loans including two wheeler loans, loans against properties, personal loans, housing loans, agricultural loans, and education loans.
  • Deposit products include Current accounts, savings accounts, fixed deposits, recurring deposits, and corporate salary accounts.
  • Treasury operations primarily consist of statutory reserves management, asset liability management, liquidity
    management, investment and trading of securities, and money market and foreign exchange activities.
  • Bank also offers life insurance products of Edelweiss Tokio Life Insurance Company Limited, HDFC Life
    Insurance Company, and ICICI Prudential Life Insurance Company Limited, and general insurance products of
    ICICI Lombard General Insurance Company Limited and Reliance General Insurance Company Limited under
    contractual arrangements entered into with them

Clientele base of the company

Company caters the needs of primarily south india with 1.3 million customer base.

  • The bank has presence in Kerala, Karnataka, Tamil Nadu, Maharashtra
  • With SME Loans the bank serves financial institutions, agriculture and allied businesses, and vendors and dealers of corporates
  • Under retail banking, the bank targets retail and NRI segments
  • Bank also caters large and mid sided businesses
  • The bank also captures the insurance market through its branches and sells the product of private companies like Edelweiss Tokio Life, HDFC life etc

Purpose of this IPO

Purpose of the issue:

  • To get the benefit of listing the stocks on the Stock exchanges
  • To increase the Bank’s Tier I capital base and meet up bank’s future capital requirements

CSB Bank Limited IPO Issue Details

Issue Details
Issue Open 22nd November 2019, Friday Issue Close 26th November 2019, Tuesday
Issue Type Book Built IPO Issue Face Value Rs 10 Per Equity Share
Price Band Rs – Per Equity Shares Bid Lot & Minimum order quantity – Shares
Issue Size Rs 24 Crore Listing at NSE, BSE

CSB Bank Limited IPO Timeline

Company Financials

For the year/period ended (₹ in Million)
Total Assets 1,64,534.60 1,53,346.62 1,57,700.26
Total Revenue 14,834.33 14,222.26 16,174.96
Profit After Tax -4,482.70 -3,211.82 -2,616.37

Ratings & Reviews of CSB Bank Limited IPO

This IPO is yet to be reviewed

Investors are advised to conduct proper due diligence before investing in this IPO

Litigation Details

As per the information available, following is the status of litigation related to the company.

Litigation Type
Nature of Litigation
No of Cases
Amount (in 10 Lakhs)
Litigations filed against the bank Criminal 8 NIL
Litigations filed against the bank Actions by Regulator 15 NIL
Litigations filed against the bank Tax Proceedings 65 461.67
Litigations filed against the bank Other Material Proceedings 2 349.87
Litigations filed by the bank Criminal 123 NIL
Litigations filed by the bank Actions by Regulator NIL 584.93
Litigations filed by the bank Tax Proceedings NIL NIL
Litigations filed by the bank Other Material Proceedings 74 8,914.41
Litigations filed against the directors Criminal 3 3.37
Litigations filed against the directors Actions by Regulator NIL NIL
Litigations filed against the directors Tax Proceedings NIL NIL
Litigations filed against the directors Other Material Proceedings 2 347.53
Litigations filed by the directors Criminal NIL NIL
Litigations filed by the directors Actions by Regulator NIL NIL
Litigations filed by the directors Tax Proceedings NIL NIL
Litigations filed by the directors Other Material Proceedings NIL NIL
Litigations filed against promoters Criminal NIL NIL
Litigations filed against promoters Actions by Regulator NIL NIL
Litigations filed against promoters Tax Proceedings NIL NIL
Litigations filed against promoters Other Material Proceedings NIL NIL
Litigations filed by promoters Criminal NIL NIL
Litigations filed by promoters Actions by Regulator NIL NIL
Litigations filed by promoters Tax Proceedings NIL NIL
Litigations filed by promoters Other Material Proceedings NIL NIL
Cases involving the Group Company which have a material impact on our Bank NIL NIL

 

Red Herring Prospectus of CSB Bank Limited IPO

Bidding Status

Bidding Status
Number of Times Subscribed (BSE + NSE)
As on Date & Time QIB NII RII Employee Others Total
Shares Offered / Reserved —- —- —- —- —- —-
Day 1 —- —- —- —- —- —-
Day 2 – —- —- —- —- —- —-
Day 3 – —- —- —- —- —- —-

Listing Day Information

Listing Day Trading Information
BSE NSE
Issue Price
Open
Low
High
Last Trade
Volume

IPO Lead Managers

  • Axis Capital Limited & IIFL Holdings Limited are managing the IPO for the company

Address of CSB Bank Limited

CSB Bank Limited
‘CSB Bhavan’, Post Box No 502,
St. Mary’s College Road,
Thrissur – 680 020
Phone: +91 487 2333 020

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