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 (Rs 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 Opening DateNov 22, 2019
IPO Closing DateNov 26, 2019
Issue TypeBook Built Issue IPO
Face Value₹10 per equity share
IPO Price₹193 to ₹195 per equity share
Market Lot75 Shares
Min Order Quantity75 Shares
Listing AtBSE, NSE
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)

CSB Bank IPO Tentative Timetable

The CSB Bank IPO open date is Nov 22, 2019, and the close date is Nov 26, 2019. The issue may list on Dec 4, 2019.

IPO Open DateNov 22, 2019
IPO Close DateNov 26, 2019
Basis of Allotment DateDec 2, 2019
Initiation of RefundsDec 3, 2019
Credit of Shares to Demat AccountDec 3, 2019
IPO Listing DateDec 4, 2019

CSB Bank IPO Lot Size

The CSB Bank IPO market lot size is 75 shares. A retail-individual investor can apply for up to 13 lots (975 shares or ₹190,125).

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)

The CSB Bank IPO is subscribed 86.91x times on Nov 26, 2019 19:48. The public issue subscribed 44.46x in the retail category, 62.18x in the QIB category, and 164.68x in the NII category. Check Day by Day Subscription Details (Live Status)

CategoryIPO Subscription
QIB

62.18x

NII

164.68x

RII

44.46x

Total

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. 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 is priced at ₹193 to ₹195 per equity share. The minimum order quantity is 75 Shares.

    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. When CSB Bank IPO will open?

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

  3. 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.

  4. How to apply for CSB Bank IPO?

    You can apply in CSB Bank IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Edelweiss, ICICI Bank, HDFC Bank and SBI Bank.

  5. 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.

  6. When is CSB Bank IPO listing date?

    The CSB Bank IPO listing date is on Wednesday, December 4, 2019.

CSB Bank IPO Message Board

Ranked Members  Ranked Members

Loading...
540. tnk |Jan 14, 2020 15:38
Oversubsribed 86 times two months back, now nobody wants this below ipo price
539. MS ASSOCIATE |Dec 29, 2019 19:25
PNB bank look better than CSB Bank.
538. Rahul Popat |Dec 24, 2019 22:14
Top Contributor Top Contributor (200+ Posts, 300+ Likes)
Kotak bank accept ipo subscription today

Hahaha error
537. ROSIREDDY |Dec 17, 2019 12:24
today my money released from SBI
537.1. Nagarjuna |Dec 17, 2019 17:10
You have recevied any message after receiving money??? Why because of my money still blocked in SBI Bank..
537.2. ROSIREDDY |Dec 18, 2019 09:01
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
536. Nagarjuna |Dec 14, 2019 11:23
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..
536.2. Athar |Dec 14, 2019 12:13
Please contact the branch manager
536.3. RSP JUMBO |Dec 16, 2019 19:17
Hlo sir I have contacted my bank manager today and my money is unblocked.
535. RAJANS |Dec 13, 2019 17:57
Can anyone tell me why my money are still blocked when end date was 12th. What is to be done now? Please advise.

535.1. RSP JUMBO |Dec 13, 2019 18:05
Same here
Anyone give any idea
535.2. Paymzia |Dec 13, 2019 18:21
IPO Mentor IPO Mentor (600+ Posts, 1100+ Likes)
Ask you home branch bank
534. DasRamesh |Dec 12, 2019 20:08
I haven't received the Refund Amount of CSB IPO . What to do ?
534.1. Paymzia |Dec 12, 2019 20:36
IPO Mentor IPO Mentor (600+ Posts, 1100+ Likes)
Contact your bank home branch
533. GrowYourMoney |Dec 4, 2019 14:08
Top Contributor Top Contributor (300+ Posts, 300+ Likes)
Super listing
One can book the gains
Opportunities will come again
533.1. GrowYourMoney |Dec 12, 2019 16:08
Top Contributor Top Contributor (300+ Posts, 300+ Likes)
As Indicated, opportunities will come again
Suggested to book the Gains
532. gundu anna |Dec 12, 2019 10:55
IPO Mentor IPO Mentor (500+ Posts, 100+ Likes)
this stock listing showed that retail punting would be high risk game.....!!!!
531. RAJANS |Dec 11, 2019 22:02
My money are still blocked. Plese tell me what to do.
530. RAJANS |Dec 11, 2019 22:02
My money are still blocked. Plese tell me what to do.
529. RAJANS |Dec 11, 2019 12:36
My money are still blocked.
528. Guna Sekaran Shankar |Dec 9, 2019 13:07
Still my money is blocked with ICICI. Anyone got their money??
528.1. Indy |Dec 9, 2019 23:05
My money was unblocked on Dec3 , so contact icici
528.2. RAJANS |Dec 11, 2019 12:35
My UPI MONEY IS STILL BLOCKED
527. Raosunil |Dec 9, 2019 23:06
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
527.1. VenkatAbhishek |Dec 10, 2019 17:26
My also blocked it release on dec 12
526. Lalala |Dec 10, 2019 10:41
My money is still blocked in CITI bank account. Applied through CITI UPI. Does anyone know when will I get the refund.
526.1. VenkatAbhishek |Dec 10, 2019 17:24
My money also blocked it release on dec 12
525. kalpesh modi |Dec 9, 2019 10:21
My money still block in upi .. Really worst experience using upi
524. Anujdaga |Dec 7, 2019 09:12
My amount is still blocked in axis bank and Canara bank
524.1. HardikV |Dec 7, 2019 10:04
Same issue in KOTAK, still UPI mandate showing active
523. Rohit makhija |Dec 5, 2019 21:14
Is there anyone whose amount is still block in bank for csb ipo bid????
523.2. D Shah |Dec 6, 2019 11:40
Mine also blocked till today
523.3. Rohit makhija |Dec 7, 2019 08:25
Amount realised in pnb asba
522. Ranveershre |Dec 6, 2019 14:54
My money still blocked in pnb asba..
522.1. REK |Dec 6, 2019 22:33
It's released today. PL check...
521. Neeraj Kr. |Dec 6, 2019 19:32
basis of allotment of CSB bank out csb bank website







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