CSB Bank IPO Date, Price Band, Lot Size, Allotment Date & Status

CSB Bank IPO to open on November 22, price band set at Rs 193-195, to raise Rs 410 cr. Check here CSB Bank IPO details such as price band, listing date, allotment status.

CSB Bank IPO

CSB Bank was founded in 1920, is one of the oldest private sector banks in India. The bank, which was earlier known as, The Catholic Syrian Bank, has a strong base in Kerala along with a significant presence in Tamil Nadu, Karnataka and Maharashtra.

CSB Bank customer base of 1.3 million as of September 2019 and 412 branches (excluding three service branches and three asset recovery branches) and 290 ATMs spread across 16 states and four union territories.

CSB Bank will launch its initial public offering for subscription on November 22 and close on November 26. The IPO price band has been set at Rs 193-195 per share. Bids can be made for a minimum lot of 75 equity shares and in multiples of 75 equity shares thereafter.

The IPO consists of a fresh issue aggregating up to Rs 24 crore and an offer for sale of up to 1,97,78,298 equity shares by the selling shareholders. The bank aims to raise Rs 405.72 crore at the lower end of the price band and Rs 409.68 crore at the higher band. The market capitalisation of the bank at the current issue price band stood at Rs 3,348 – 3,382 crore.

The bank in consultation with merchant bankers will finalise basis of allotment on December 2 and will credit equity shares to shareholders’ DP accounts on December 3, Axis Capital said in its note.

Equity shares are proposed to be listed on the BSE, as well as, the National Stock Exchange on December 4. The book running lead managers to the issue are Axis Capital and IIFL Securities.

Rajendran Chinna Veerappan is the Managing Director and Chief Executive Officer of the bank.

CSB Bank IPO Details

Issue Open: 22 – 26 November 2019
Price Band: INR 193 – 195 per share
Fresh issue: INR 24 crore
Offer For Sale: 19,778,298 shares (INR381.72 – 385.68 crore)
Total IPO size: INR 405.72 – 409.68 crore
Minimum bid (lot size): 75 shares
Face Value: INR 10 per share
Retail Allocation: 10%
Listing: NSE, BSE

CSB Bank IPO Tentative Date

IPO Opening Date: Nov 22, 2019
IPO Closing Date: Nov 26, 2019
Finalisation of Basis of Allotment: Dec 2, 2019
Initiation of Refunds: Dec 3, 2019
Transfer of shares to demat accounts: Dec 3, 2019
IPO Shares Listing Date Dec 4, 2019

CSB Bank Contact Details
CSB Bank Limited
CSB Bhavan’, Post Box No. 502,
St. Mary’s College Road,
Thrissur 680 020, Kerala, India

Phone: +91 487 2333 020
Email: investors@csb.co.in
Website: www.csb.co.in

Registrar of CSB Bank IPO
Link 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: csb.ipo@linkintime.co.in
Website: http://www.linkintime.co.in

Where To Check CSB Bank Limited IPO Allotment Status

CSB Bank Limited allotment status would be available soon after the IPO closure date. Usually the allotment comes within a week from the closing date which in this IPO yet to be announced.

CSB Bank IPO allotment status will be available on Link Intime’s website.

To Check CSB Bank Limited Allotment Status Visit: https://www.linkintime.co.in/IPO/public-issues.html
Go to Application Status
Select IPO as CSB Bank Limited
Enter your PAN Number or Application Id or DP Client Id.

Download “CSB Bank Limited” IPO Application Form From BSE: https://ibbsapp.bseindia.com/ASBAFORMS/BlankForms_New.aspx

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