CSB Bank Limited IPO (CSB Bank IPO) Detail

Nov 22, 2019 - Nov 26, 2019

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 Kerala, Karnataka, Tamil Nadu and Maharashtra. CSB Bank Ltd has four business areas, which are:

1. SME Banking:
Under SME Banking, the bank offers banking services to vendors, allied businesses, agriculture, financial institutions, and dealers of corporates. The products offered to this category include working capital loans, letters of credit, term loans, bank guarantees and invoice/bill discounting.

2. Wholesale Banking:
CSB Bank fulfils business needs of large & mid-size corporates, and business entities of Rs 250 million and more credit requirement under Wholesale Banking category.

3. Retail Banking:
Under the Retail Banking category, the bank offers retail lending and deposit products to retail and NRI customers. The lending products include vehicle loans, gold loans, loans against properties, education loans, agricultural loans, personal loans and housing loans to retail and NRI customers. The deposit products include corporate salary accounts, recurring deposits, savings accounts, current accounts, and fixed deposits.

4. Treasury Operations:
Under Treasury Operations, the bank deals with asset-liability management, statutory reserves management, trading & investment of securities, foreign exchange, and liquidity management activities. This category is aimed to maintain liquidity requirement to comply with the CRR (Cash Reserve Ratio) and SLR (Statutory Liquidity Ratio), which are RBI Mandates.

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, which are majorly from Retail, SME and NRI segments. It has a wide product and services range which are delivered through multiple channels such as 277 ATMs, 414 branches and other micro ATMs, internet banking, debit cards, mobile banking, UPI and POS (Point of Sale). CSB Bank has a presence across 16 states and 4 UTs (Union Territories).

Note: All the information as on 31st March 2019.

In the year 2018, Watsa's Fairfax India Holdings (FIH) Corporation has acquired CSB Bank with 51% stake (around Rs 440 cr). Currently, the bank is focussing on a new business model to work as a full-service new age private sector bank with the help of its promoter, FIH Mauritius Investments Ltd (FIHM).

Competitive 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

Key Risks

  • Increase in NPA may impact earnings
  • Managing asset quality in given current stressed scenario particularly in corporate/SME portfolio
  • Volatility in gold prices may impact financials
  • Promoter Fairfax (FIHM) will have to dilute 50.1% stake to 15% over the coming 15 years which may create an overhang in the long term

Company Promoters:

The Promoter of the Bank is FIH Mauritius Investments Ltd ("FIHM").

Company Financials:

Summary of financial Information (Restated)
Particulars For the year/period ended (₹ 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)

Objects of the Issue:

The objects of the Offer are:

1. To augment Bank's Tier-I capital base to meet the Bank's future capital requirements;
2. To achieve the benefits of listing the Equity Shares on the Stock Exchanges and Offer for Sale.

CSB Bank IPO Details

IPO DateNov 22, 2019 - Nov 26, 2019
Issue TypeBook Built Issue IPO
Issue Size21,021,821 Eq Shares of ₹10
(aggregating up to ₹409.68 Cr)
Fresh Issue1,243,523 Eq Shares of ₹10
(aggregating up to ₹24.00 Cr)
Offer for Sale19,778,298 Eq Shares of ₹10
(aggregating up to ₹385.68 Cr)
Face Value₹10 Per Equity Share
IPO Price₹193 to ₹195 Per Equity Share
Market Lot75 Shares
Min Order Quantity75 Shares
Listing AtBSE, NSE

CSB Bank IPO Tentative Date / Timetable

Bid/Offer Opens OnNov 22, 2019
Bid/Offer Closes OnNov 26, 2019
Finalisation of Basis of AllotmentDec 2, 2019
Initiation of RefundsDec 3, 2019
Credit of Shares to Demat AcctDec 3, 2019
IPO Shares Listing DateDec 4, 2019

CSB Bank IPO Lot Size and Price (Retail)

ApplicationLotsSharesAmount (Cut-off)
Minimum175₹14,625
Maximum13975₹190,125

CSB Bank IPO Promoter Holding

Pre Issue Share Holding50.09%
Post Issue Share Holding49.7%

Note:

  • The Anchor Investors bidding date shall be 21st Nov, 2019
  • Investors Portion: QIB=75% of the offer, NIB=15% of the offer and Retail=10% of the offer

CSB Bank IPO Subscription Status (Bidding Detail)

CSB Bank IPO how much subscribed?

No. of Times Issue Subscribed (BSE + NSE)

As on Date & Time

QIB

NII

RII

Total

Shares Offered

6,302,721

3,151,360

2,100,906

11,554,987

Nov 26, 2019 19:48

62.18x

164.68x

44.46x

86.91x

CSB Bank IPO Prospectus

CSB Bank IPO Rating

2010
4.0
Rating:Rated 4.0 stars

Vote Here ...

CSB Bank IPO Listing Date

Listing DateWednesday, December 4, 2019
BSE Script Code542867
NSE SymbolCSBBANK
Listing InB
ISININE679A01013
IPO Price₹195 Per Equity Share
Face Value₹10 Per Equity Share

Listing Day Trading Information

.
IPO Price
Open
Low
High
Last Trade
Volume
BSE
₹195.00
₹275.00
₹275.00
₹307.00
₹300.10
4,026,792
NSE
₹195.00
₹275.00
₹275.00
₹306.80
₹300.05
37,124,674

CSB Bank IPO Registrar

Link Intime India Private Ltd
   Link Intime India Private Ltd
   C 101, 247 Park, L.B.S.Marg,
   Vikhroli (West), Mumbai - 400083

Phone: +91-22-4918 6270
Email: csb.ipo@linkintime.co.in
Website: http://www.linkintime.co.in

CSB Bank IPO FAQs

  1. 1. What is CSB Bank IPO?

    CSB Bank IPO is a main-board IPO of 21,021,821 equity shares of the face value of ₹10 aggregating up to ₹409.68 Crores.

    The issue price of the IPO is ₹193 to ₹195 Per Equity Share. The minimum order quantity is 75 Shares per application and the offer type is Book Built Issue.

    The IPO opens on Nov 22, 2019 and closes on Nov 26, 2019.

    Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.

  2. 2. When CSB Bank IPO will open?

    The CSB Bank IPO opens on Nov 22, 2019 and closes on Nov 26, 2019.

  3. 3. How to apply for CSB Bank IPO?

    CSB Bank IPO application can be done through banks using ASBA online or through stock brokers trading account using UPI. All popular banks i.e. HDFC, ICICI, and SBI offer online IPO applications. An investor can also apply directly through their broker (i.e. Zerodha, Sharekhan) using UPI as a payment method.

  4. 4. When CSB Bank IPO allotment?

    The finalization of Basis of Allotment for CSB Bank IPO will be done on Dec 2, 2019, and the allotted shares will be credited to your demat account by Dec 3, 2019. Check the CSB Bank IPO allotment status.

  5. 5. When is CSB Bank IPO listing date?

    The CSB Bank IPO listing date is on Wednesday, December 4, 2019, at BSE, NSE.
  6. 6. What is the lot size of CSB Bank IPO?

    CSB Bank IPO lot size is 75 Shares and the minimum order quantity is 75 Shares.

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CSB Bank IPO Review / Comments

tnk
540. tnk  Jan 14, 2020 14:38
Oversubsribed 86 times two months back, now nobody wants this below ipo price
MS ASSOCIATE
539. MS ASSOCIATE  Dec 29, 2019 18:25
PNB bank look better than CSB Bank.
Rahul Popat
538. Rahul Popat  Dec 24, 2019 21:14
Kotak bank accept ipo subscription today

Hahaha error
ROSIREDDY
537. ROSIREDDY  Dec 17, 2019 11:24
today my money released from SBI
Nagarjuna
537.1. Nagarjuna  Dec 17, 2019 16:10
You have recevied any message after receiving money??? Why because of my money still blocked in SBI Bank..
ROSIREDDY
537.2. ROSIREDDY  Dec 18, 2019 08:01
i did not receive any message from SBi.. i verified lein amount so it came to "ZERO". and i verified main balance it showing correct amount
Nagarjuna
536. Nagarjuna  Dec 14, 2019 10:23
I haven't received the Refund Amount of ''CSB IPO'' till today. I have applied through SBI Net bank on 22/11/2019. What can i do? Please advise any one..
Athar
536.2. Athar  Dec 14, 2019 11:13
Please contact the branch manager
RSP JUMBO
536.3. RSP JUMBO  Dec 16, 2019 18:17
Hlo sir I have contacted my bank manager today and my money is unblocked.
RAJANS
535. RAJANS  Dec 13, 2019 16:57
Can anyone tell me why my money are still blocked when end date was 12th. What is to be done now? Please advise.

RSP JUMBO
535.1. RSP JUMBO  Dec 13, 2019 17:05
Same here
Anyone give any idea
Paymzia
535.2. Paymzia  Dec 13, 2019 17:21
Top Contributor Top Contributor (200+ Posts, 100+ Likes)
Ask you home branch bank
DasRamesh
534. DasRamesh  Dec 12, 2019 19:08
I haven't received the Refund Amount of CSB IPO . What to do ?
Paymzia
534.1. Paymzia  Dec 12, 2019 19:36
Top Contributor Top Contributor (200+ Posts, 100+ Likes)
Contact your bank home branch
GrowYourMoney
533. GrowYourMoney  Dec 4, 2019 13:08
Top Contributor Top Contributor (300+ Posts, 300+ Likes)
Super listing
One can book the gains
Opportunities will come again
GrowYourMoney
533.1. GrowYourMoney  Dec 12, 2019 15:08
Top Contributor Top Contributor (300+ Posts, 300+ Likes)
As Indicated, opportunities will come again
Suggested to book the Gains
gundu anna
532. gundu anna  Dec 12, 2019 09:55
Top Contributor Top Contributor (400+ Posts, 100+ Likes)
this stock listing showed that retail punting would be high risk game.....!!!!
RAJANS
531. RAJANS  Dec 11, 2019 21:02
My money are still blocked. Plese tell me what to do.
RAJANS
530. RAJANS  Dec 11, 2019 21:02
My money are still blocked. Plese tell me what to do.
RAJANS
529. RAJANS  Dec 11, 2019 11:36
My money are still blocked.
Guna Sekaran Shankar
528. Guna Sekaran Shankar  Dec 9, 2019 12:07
Still my money is blocked with ICICI. Anyone got their money??
Indy
528.1. Indy  Dec 9, 2019 22:05
My money was unblocked on Dec3 , so contact icici
RAJANS
528.2. RAJANS  Dec 11, 2019 11:35
My UPI MONEY IS STILL BLOCKED
Raosunil
527. Raosunil  Dec 9, 2019 22:06
I didnt get my money back or unhold the blocked amount..? what should i do? Amoumt is still showing on hold of CSB Bank. pls help
VenkatAbhishek
527.1. VenkatAbhishek  Dec 10, 2019 16:26
My also blocked it release on dec 12
Lalala
526. Lalala  Dec 10, 2019 09:41
My money is still blocked in CITI bank account. Applied through CITI UPI. Does anyone know when will I get the refund.
VenkatAbhishek
526.1. VenkatAbhishek  Dec 10, 2019 16:24
My money also blocked it release on dec 12
kalpesh modi
525. kalpesh modi  Dec 9, 2019 09:21
My money still block in upi .. Really worst experience using upi
Anujdaga
524. Anujdaga  Dec 7, 2019 08:12
My amount is still blocked in axis bank and Canara bank
HardikV
524.1. HardikV  Dec 7, 2019 09:04
Same issue in KOTAK, still UPI mandate showing active
Rohit makhija
523. Rohit makhija  Dec 5, 2019 20:14
Is there anyone whose amount is still block in bank for csb ipo bid????
D Shah
523.2. D Shah  Dec 6, 2019 10:40
Mine also blocked till today
Rohit makhija
523.3. Rohit makhija  Dec 7, 2019 07:25
Amount realised in pnb asba
Ranveershre
522. Ranveershre  Dec 6, 2019 13:54
My money still blocked in pnb asba..
REK
522.1. REK  Dec 6, 2019 21:33
It's released today. PL check...
Neeraj Kr.
521. Neeraj Kr.  Dec 6, 2019 18:32
basis of allotment of CSB bank out csb bank website






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