CSB Bank Limited IPO Message Board (Page 26)

It's just received
CSB IPO - Issue Information *(Tentative)*

Issue Opens on: 22 November 2019
Issue Closes on: 26 November 2019
Issue Type: Book Built Issue IPO
Issue Size: 2,01,60,000 Shares
Face Value: Rs.10/- per Share
Issue Price: Rs.190 - Rs.200 per Share *(Tentative)*
Market Lot: 75 Shares
Listing At: NSE, BSE

Equity Shares outstanding prior to the Issue = 17,22,25,058 Shares
Fresh Issue of 12,00,000 Shares @200/- = Rs.24.00 Crores
Offer for Sale of 1,97,78,298 Shares @200/- = Rs.395.56 Crores
Equity Shares outstanding after the Issue = 17,34,25,058 Shares

Category-wise Break up:
Anchor - 94,40,234 Shares = 188.80Crs
QIB - 62,93,489 Shares = 125.87Crs
NII - 31,46,745 Shares = 62.93Crs
RII - 20,97,830 Shares = 41.96Crs (Lot size: 75 = 27,971 Forms)
Total Issue - 2,09,78,298 Shares = 419.57Crs.

Subscription required for 1X
RII = 27,971 Forms
NII = 62.93Crs

Interest cost @7.50%p.a. for 7days = 28.77paise for 1X

Why are you copy pasting the info which is already been added on the group..Is it going to make any difference?

Blame the great Google!!

Opens : 22nd Nov 2019
Closes : 26th Nov 2019

Cont...
Dec. 2 - Unblocking
Dec. 3 - Allotment / Credit into Demat A/C
Dec. 4 - Listing

CSB planning to expand its business in different geography?

What is GMP for CSB

85-90

CSB IPO - *Market's Current Estimates of oversubscription*:

RII = 4.50L Forms = 16.09X Applic. wise (Avg allotment of ~4.66 shares per lot)
NII = 18.5K Crs. = ~293.95X

Interest cost @7.50%p.a. for 7days = 28.77paise for 1X

Thus, for NII the costing = 293.95 X 28.77paise = Rs.84.56 per share (= GMP)

And, for RII the costing = 4.66 X 84.56 = Rs. ~394/- (= Kostak)

CSB IPO - *GMP Estimated*
GMP 85 +/- 1
Kostak 400/-

CSB IPO - Financial Information (Basis of Valuation)

EPS for FY16-17 >>> Rs.(3.37) (Page #104 of RHP)
EPS for FY17-18 >>> Rs.(7.38) (Page #104 of RHP)
EPS for FY18-19 >>> Rs.(3.81) (Page #104 of RHP)

RoNW for FY16-17 >>> (3.30)% (Page #104 of RHP)
RoNW for FY17-18 >>> (8.11)% (Page #104 of RHP)
RoNW for FY18-19 >>> (4.48)% (Page #104 of RHP)

NAV as on March 31, 2019 was Rs.85.12 (Page #105 of RHP)

Listed Industry Peer Group (Page #105 of RHP):
DCB Bank
Federal Bank
South Indian Bank
City Union
Karur Vysya Bank

CSB IPO - Schedule (Pg #622 of RHP)

19th Nov - Announcement of Price Band
21st Nov - Anchor Investors Allotment
22nd Nov - Offer Opens
26th Nov - Offer Closes
02nd Dec - Finalisation of Basis of Allotment
03rd Dec - Unblocking of ASBA Accounts
03rd Dec - Credit of Equity Shares to Depository Accounts
04th Dec - Commencement of Trading


CSB IPO - Issue Information *(Tentative)*

Issue Opens on: 22 November 2019
Issue Closes on: 26 November 2019
Issue Type: Book Built Issue IPO
Issue Size: 2,01,60,000 Shares
Face Value: Rs.10/- per Share
Issue Price: Rs.190 - Rs.200 per Share *(Tentative)*
Market Lot: 75 Shares
Listing At: NSE, BSE

Equity Shares outstanding prior to the Issue = 17,22,25,058 Shares
Fresh Issue of 12,00,000 Shares @200/- = Rs.24.00 Crores
Offer for Sale of 1,97,78,298 Shares @200/- = Rs.395.56 Crores
Equity Shares outstanding after the Issue = 17,34,25,058 Shares

Category-wise Break up:
Anchor - 94,40,234 Shares = 188.80Crs
QIB - 62,93,489 Shares = 125.87Crs
NII - 31,46,745 Shares = 62.93Crs
RII - 20,97,830 Shares = 41.96Crs (Lot size: 75 = 27,971 Forms)
Total Issue - 2,09,78,298 Shares = 419.57Crs.

Subscription required for 1X
RII = 27,971 Forms
NII = 62.93Crs

Interest cost @7.50%p.a. for 7days = 28.77paise for 1X

Yesterday SBI board approved divestment of the bank's stake in SBI Cards up to 4% through initial public offering (IPO) by way of offer for sale of up to 3.73 crore shares.

Your view on this Csb ipo

Let's price band to be decided first.
Thanks.

CSB Gmp 93-95

Estimated oversubscription:
Qib 100
Retail 8-9
Hni 260+

on what basis ? This bank is in severe losses ... and there is no hope it will be in profits in future as well . The whole industry is battling with NPA. If at all if someone wants acquire all the performing banks are available at discounted price .

less chance get allotments, rii 25-30 time possible..

???? IPO ????
*CSB BANK LIMITED*

*Opens*:
20/11/19 - Wednesday
*Closes*:
22/11/19 - Friday
*Price Band* :- Rs 190 to Rs 200
*Discount (Retail & Employees) :-* Rs 10 on offer price
*Bid Lot* :- Adding Soon
*Shares offered :-* 19,778,298
*Employee Reservation* :- Adding Soon
*Issue Size * :- Approx Rs 400Crore

Kuchh bi.... Don't try to fool others in excitement by copy paste from Google search or with wrong info...

It's the mistake of Google!!!

Gmp 82-86 (last heard)

Bhaiyo, let us announce the company price band first. There may be chances that company may include this GMP in price band :)

Witch city ..

I think maybe 20 to 22. M not sure.

Price 190-200
Discount Rs 10 to emp and retail

Bid lot qty not confirm received

Any one tell us CMP of Reliance Retail in off market..... I want to buy

premium 65

Still nothing is official.
This IPO should come whatever be the price.
This year is the worst of all the last 3 years in primary market.
2017 - Avg. 35 IPOs. ( New IPO every 10 days ).
2018 - Avg. 25 IPOs.
2019 - Not even 15 IPOs so far.( 1 month 1 ipo ).
I don't see any magic in December also.
Cool December will remain cool in primary market also.
Pipeline is getting jammed.

This can be an avoid ipo after earning hefty in irctc

@cautious ipo - you have subscribed for the IRCTC, what about others who didnt get the subscription

Not alloted in irctc doesn't mean allotment in it would be profitable to those, may gave listing losses too....

Loss making Bank

*daring

GMP is high though it's a loss-making company but stock market acts on future trend. You look at the HDFC life or HDFC AMC or Dmart. These scrips are quoted at above PE because they have a bright future.

For example, HDFC AMC is the mutual fund which garners the maximum share of investible funds/SIPs.It has very small equity capital. So the EPS will zoom in the years to come and that is the reason for very high multiple.
In this case of CSB, yes the bank has shown losses, but Fairfax group is believed to make it profitable in coming years and that is the reason for high price band and also high GMP.

Only positive is 10% retail 27k apx application
Otherwise
Nothing in this for short term
Constraints in private banking may continue for couple of years
Apply for listing gain or sell in graymarket before applying (imo) attractive priceband might change views
Qib and hni participation also can be trigger to take decision

NSE Awaits SEBI Approval For Reconstitution Of Board, IPO Process https://www.bloombergquint.com/bq-blue-exclusive/nse-awaits-sebi-approval-for-reconstitution-of-board-ipo-process.

We are waiting for this for so many years now. Every time some progress is made something gets in the way. Hope it goes through this time.