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).
The Promoter of the Bank is FIH Mauritius Investments Ltd ("FIHM").
| 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) | |
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.
| Issue Open | Nov 22, 2019 - Nov 26, 2019 |
| Issue Type | Book Built Issue IPO |
| Issue Size | 21,021,821 Eq Shares of ₹10 (aggregating up to ₹409.68 Cr) |
| Fresh Issue | 1,243,523 Eq Shares of ₹10 (aggregating up to ₹24.00 Cr) |
| Offer for Sale | 19,778,298 Eq Shares of ₹10 (aggregating up to ₹385.68 Cr) |
| Face Value | ₹10 Per Equity Share |
| Issue Price | ₹193 to ₹195 Per Equity Share |
| Market Lot | 75 Shares |
| Min Order Quantity | 75 Shares |
| Listing At | BSE, NSE |
| Bid/Offer Opens On | Nov 22, 2019 |
| Bid/Offer Closes On | Nov 26, 2019 |
| Finalisation of Basis of Allotment | Dec 2, 2019 |
| Initiation of Refunds | Dec 3, 2019 |
| Credit of Shares to Demat Acct | Dec 3, 2019 |
| IPO Shares Listing Date | Dec 4, 2019 |
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 75 | ₹14,625 |
| Maximum | 13 | 975 | ₹190,125 |
| Pre Issue Share Holding | 50.09% |
| Post Issue Share Holding | 49.7% |
Note:
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 |
| Listing Date | Wednesday, December 4, 2019 |
| BSE Script Code | 542867 |
| NSE Symbol | CSBBANK |
| Listing In | B |
| ISIN | INE679A01013 |
| Issue Price | ₹195 Per Equity Share |
| Face Value | ₹10 Per Equity Share |
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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
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 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.
The CSB Bank IPO opens on Nov 22, 2019 and closes on Nov 26, 2019.
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.
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.
CSB Bank IPO lot size is 75 Shares and the minimum order quantity is 75 Shares.
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