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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

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)
31-Mar-19 31-Mar-18 31-Mar-17
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)

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

Issue OpenNov 22, 2019 - Nov 26, 2019
Issue TypeBook Built Issue IPO
Issue Size
Fresh Issue[.] Eq Shares of ₹10
(aggregating up to ₹24.00 Cr)
Offer for Sale19,778,298 Eq Shares of ₹10
(aggregating up to ₹[.] Cr)
Face Value₹10 Per Equity Share
Issue Price₹ - ₹ Per Equity Share
Market Lot
Min Order Quantity
Listing AtBSE, NSE
  • 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 Prospectus

    CSB Bank IPO Rating

    301
    4.0
    Rating:Rated 4.0 stars

    Vote Here ...

    CSB Bank IPO Reviews / Ratings

    Sorry, we couldn't find any reviews, please check back later.

    Company Contact Information

    CSB Bank Limited
    'CSB Bhavan', Post Box No 502,
    St. Mary's College Road,
    Thrissur - 680 020

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

    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 an main-board initial public offering of [.] equity shares of the face value of ₹10 aggregating up to ₹[.] Crores.

      The issue price of the IPO is ₹ - ₹ Per Equity Share. The minimum order quantity is 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 [.], and the allotted shares will be credited to your demat account by [.]. Check the CSB Bank IPO allotment status.

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

      The CSB Bank IPO listing date is not yet announced. The tentative date of CSB Bank IPO listing is [.].

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    CSB Bank IPO Review / Comments

    NforNandkishor
    34. NforNandkishor  Nov 13, 2019 22:38 I Like It. 2 | Report Abuse Reply
    📣 IPO 📣
    *CSB BANK LIMITED*

    *Opens*:
    20/11/19 - Wednesday
    *Closes*:
    22/11/19 - Friday
    *Price Band* :- ₹ 190 to ₹ 200
    *Discount (Retail & Employees) :-* ₹ 10 on offer price
    *Bid Lot* :- Adding Soon
    *Shares offered :-* 19,778,298
    *Employee Reservation* :- Adding Soon
    *Issue Size * :- Approx ₹ 400Crore
    amit K singh
    34.5. amit K singh  Nov 14, 2019 21:56 I Like It. | Report Abuse
    Kuchh bi.... Don't try to fool others in excitement by copy paste from Google search or with wrong info...
    amit K singh
    34.6. amit K singh  Nov 14, 2019 21:58 I Like It. | Report Abuse
    It's the mistake of Google!!!
    harit
    33. harit  Nov 14, 2019 15:11 I Like It. 4 | Report Abuse Reply
    IPO Guru IPO Guru (1100+ Posts, 1700+ Likes)
    Gmp 82-86 (last heard)
    AnkurGoel
    33.2. AnkurGoel  Nov 14, 2019 15:43 I Like It. 3 | Report Abuse
    IPO Mentor IPO Mentor (900+ Posts, 800+ Likes)
    Bhaiyo, let us announce the company price band first. There may be chances that company may include this GMP in price band :)
    sonal patel
    33.3. sonal patel  Nov 14, 2019 16:16 I Like It. 1 | Report Abuse
    Top Contributor Top Contributor (400+ Posts, 1500+ Likes)
    Witch city ..
    Dbshah
    32. Dbshah  Nov 14, 2019 13:34 I Like It. | Report Abuse Reply
    Sir ji Any one Buy Any one share In Off Market All stock is Available for Attrecive price our company call on 9 157 157 139 darshan b shah
    Hero of stock
    31. Hero of stock  Nov 14, 2019 13:34 I Like It. | Report Abuse Reply
    I think maybe 20 to 22. M not sure.
    Ghanshyam Kumawat
    30. Ghanshyam Kumawat  Nov 14, 2019 08:41 I Like It. | Report Abuse Reply
    Which is the best broker, charging lowest brokerage charges? Please help
    👉 IPO Janadesh 💃
    30.1. 👉 IPO Janadesh 💃  Nov 14, 2019 09:50 I Like It. | Report Abuse
    IPO Mentor IPO Mentor (700+ Posts, 1700+ Likes)
    Stox
    30.2. Stox  Nov 14, 2019 12:25 I Like It. | Report Abuse
    Upstox is better broker and low brokareg.
    Account Open
    http://upstox.com/open-account/?f=6Y38
    hchc
    29. hchc  Nov 14, 2019 11:38 I Like It. 1 | Report Abuse Reply
    Opens : 22nd Nov 2019
    Closes : 26th Nov 2019
    Aniketiaf
    28. Aniketiaf  Nov 14, 2019 10:18 I Like It. 3 | Report Abuse Reply
    IPO Mentor IPO Mentor (900+ Posts, 5200+ Likes)
    Medplus IPO: Medplus plans to raise Rs 700 crore via IPO - The Economic Times https://m.economictimes.com/markets/ipos/fpos/medplus-plans-to-raise-rs-700-crore-via-ipo/articleshow/72043673.cms
    Rahul Popat
    27. Rahul Popat  Nov 13, 2019 16:39 I Like It. 1 | Report Abuse Reply
    Price 190-200
    Discount Rs 10 to emp and retail

    Bid lot qty not confirm received
    Piyush jariwala
    27.1. Piyush jariwala  Nov 13, 2019 18:21 I Like It. 1 | Report Abuse
    Any one tell us CMP of Reliance Retail in off market..... I want to buy
    harryipo
    26. harryipo  Nov 13, 2019 17:51 I Like It. | Report Abuse Reply
    premium 65
    👉 IPO Janadesh 💃
    25. 👉 IPO Janadesh 💃  Nov 13, 2019 13:40 I Like It. 11 | Report Abuse Reply
    IPO Mentor IPO Mentor (700+ Posts, 1700+ Likes)
    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.
    Cautious ipo
    24. Cautious ipo  Nov 12, 2019 17:38 I Like It. | Report Abuse Reply
    This can be an avoid ipo after earning hefty in irctc
    karsstars
    24.1. karsstars  Nov 13, 2019 01:33 I Like It. | Report Abuse
    @cautious ipo - you have subscribed for the IRCTC, what about others who didnt get the subscription
    Cautious ipo
    24.2. Cautious ipo  Nov 13, 2019 12:37 I Like It. | Report Abuse
    Not alloted in irctc doesn't mean allotment in it would be profitable to those, may gave listing losses too....
    👉 IPO Janadesh 💃
    23. 👉 IPO Janadesh 💃  Nov 7, 2019 14:31 I Like It. 7 | Report Abuse Reply
    IPO Mentor IPO Mentor (700+ Posts, 1700+ Likes)
    Loss making Bank
    amit K singh
    23.4. amit K singh  Nov 7, 2019 21:22 I Like It. 1 | Report Abuse
    *daring
    Pooja Jain
    23.5. Pooja Jain  Nov 13, 2019 10:52 I Like It. 1 | Report Abuse
    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.
    harit
    22. harit  Nov 13, 2019 09:55 I Like It. 2 | Report Abuse Reply
    IPO Guru IPO Guru (1100+ Posts, 1700+ Likes)
    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
    Aniketiaf
    21. Aniketiaf  Nov 11, 2019 21:55 I Like It. 5 | Report Abuse Reply
    IPO Mentor IPO Mentor (900+ Posts, 5200+ Likes)
    Dr. Jan Itor
    21.1. Dr. Jan Itor  Nov 12, 2019 13:50 I Like It. 1 | Report Abuse
    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.
    SHANI
    20. SHANI  Nov 12, 2019 09:53 I Like It. | Report Abuse Reply
    FROM IPO DETAILS.. SEE THIS CONTINUE LOSS MAKING IN MILLIONS BY CSB BANK
    Particulars      For the year/period ended (₹ in Million)
    31-Mar-19      31-Mar-18      31-Mar-17
    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)
    raj agrawal
    19. raj agrawal  Nov 11, 2019 19:46 I Like It. | Report Abuse Reply
    Apply or avoid. Pls suggest
    RAJAKUMAR
    19.1. RAJAKUMAR  Nov 11, 2019 23:11 I Like It. 1 | Report Abuse
    IPO Guru IPO Guru (1100+ Posts, 700+ Likes)
    Apply. Only 28k forms for retail. If Qib subscribes above thirty times then Rs.50 premium on the card. Grey also suggested 50 premium.
    Very tough allotment for retail. Retail category will surpass IRCTC subscription.
    nehavinodsharma
    18. nehavinodsharma  Nov 11, 2019 12:19 I Like It. | Report Abuse Reply
    Can anybody tell that we indians can apply in saudi aramco ipo from our brokers and if we can't then how can we apply?
    Raja Ganesh
    18.1. Raja Ganesh  Nov 11, 2019 15:06 I Like It. 1 | Report Abuse
    Indians working in Saudi Arabia can apply.
    venKY
    18.2. venKY  Nov 11, 2019 15:25 I Like It. | Report Abuse
    May be not possible to apply in Indian brocarage company
    papon
    17. papon  Nov 10, 2019 14:07 I Like It. 8 | Report Abuse Reply
    Tentative
    IPO size Rs. 400 crores
    Retail portion 10% ( because loss making company)
    Price Band Rs. 190 to Rs.200
    Dates : 20 to 22 Nov 2019
    GMP Rs 50.
    Unlisted price is been traded @ Rs 200.
    Sorry for earlier post. Typing error.
    amit K singh
    17.5. amit K singh  Nov 10, 2019 21:24 I Like It. | Report Abuse
    I thought ipo size is around rs 600 crore. What is the source?
    AhireR
    17.6. AhireR  Nov 11, 2019 11:45 I Like It. | Report Abuse
    Top Contributor Top Contributor (200+ Posts, 200+ Likes)
    @amit
    for 600 cr issue the price band needs to be 285-290. I think that's not possible.
    harit
    16.1. harit  Nov 11, 2019 08:31 I Like It. 1 | Report Abuse
    IPO Guru IPO Guru (1100+ Posts, 1700+ Likes)
    According to above post
    T+3 not possible
    T+6 listing?
    amit K singh
    15. amit K singh  Nov 11, 2019 06:03 I Like It. | Report Abuse Reply
    Heard that Sebi has reduced timeline for ipo closing to listing. Earlier closing to listing was T+s days , new timeline will be T+3 days.
    amit K singh
    15.1. amit K singh  Nov 11, 2019 06:04 I Like It. | Report Abuse
    * old T+6 to new T+3 days



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