CSB Bank IPO Details

CSB Bank IPOCSB Bank IPO description - CSB Bank is one of the oldest private sector banks in India with a history of over 98 years and has a strong base in Kerala along with significant presence in Tamil Nadu, Karnataka, and Maharashtra. The bank offers a wide range of products and services to its overall customer base of 1.3 million as on 31 March 2019, with particular focus on SME, Retail, and NRI customers. CSB Bank delivers its products and services through multiple channels, including 414 branches (excluding three service branches and two asset recovery branches) and 277 ATMs spread across 16 states and four union territories as on 31 March 2019.

The bank has four principal business areas, namely, (a) SME banking, (b) retail banking, (c) wholesale banking, and (d) treasury operations.  It is in the process of rebranding itself to “CSB Bank Limited” and is re-aligning its organizational set-up for efficiently driving operations and business strategy. Under this strategy, branches will be responsible only for deposits, cross-selling and customer servicing and all loan products will be driven by dedicated teams, with each business team operating as a profit centre.

Promoters of CSB Bank - FIH Mauritius Investments Ltd
CSB Bank IPO details
Subscription Dates22 - 26 November 2019
Price BandINR193 - 195 per share
Fresh issueINR24 crore
Offer For Sale19,778,298 shares (INR381.72 - 385.68 crore)
Total IPO sizeINR405.72 - 409.68 crore
Minimum bid (lot size)75 shares
Face Value INR10 per share
Retail Allocation10%
Listing OnNSE, BSE
CSB Bank's financial performance (in INR crore)
FY2017FY2018FY2019H1 FY2020
Revenue1,617.51,422.21,483.4816.7
Expenses1,465.81,347.91,470.1713.1
Net income-58.0-127.1-65.744.3
Net margin (%)-3.6-8.9-4.45.4
CSB Bank Contact Details

CSB Bank Limited
CSB Bhavan’, Post Box No. 502,
St. Mary’s College Road,
Thrissur 680 020, Kerala, India

Phone: +91 487 2333 020
Email: [email protected]
Website: www.csb.co.in

Registrar of CSB Bank IPO

Link Intime India Private Limited
C-101, 1st Floor, 247 Park
Lal Bahadur Shastri Marg, Vikhroli (West)
Mumbai - 400 083

Phone: +91 22 4918 6200
Fax: +91 22 4918 6195
Email: [email protected]
Website: http://www.linkintime.co.in

Valuation of CSB Bank (as of FY2019, after conversion of warrants and ESOP allotment)

Earnings Per Share (EPS): -INR3.81

Price/Earnings (PE ratio): NA

Return on Net Worth (RONW): -4.48%

Net Asset Value (NAV): INR85.12 per share

CSB Bank IPO Subscription Details
CategoryShares offeredSubscription (no. of times)
Day 1Day 2Day 3
QIB
NII
Retail
Total
CSB Bank IPO Analyst Reviews 

Anand Rathi - Not rated

Angel Broking - Not rated

ICICIdirect - Not rated

Cholamandalam Securities - Not rated

Stewart & Mackertich - Not rated

SMC Global - Not rated

CSB Bank IPO Allotment Status

CSB Bank IPO allotment status will be available on Link Intime's website. Click on this link to get allotment status.

Listing Performance of CSB Bank

IPO Opening Date: 22 November 2019

IPO Closing Date: 26 November 2019

Finalisation of Basis of Allotment: 2 December 2019

Initiation of refunds: 3 December 2019

Transfer of shares to demat accounts: 3 December 2019

Listing Date: 4 December 2019

Opening Price on NSE: To be updated

Closing Price on NSE: To be updated

6 thoughts on “CSB Bank IPO Details

  • November 19, 2019 at 10:52 AM
    Permalink

    It is a loss making bank and has high NPAs, just don’t understand the fancy around this IPO. I get the Prem Watsa angle but it still doesn’t make CSB a buy at these levels. Maybe the market knows something that I don’t.

    Reply
  • November 14, 2019 at 2:40 PM
    Permalink

    Good luck with allotment as there are less than 20 lakh shares for retail investors. IRCTC had 70 lakh and 15 times subscription.

    Reply
  • November 14, 2019 at 2:33 PM
    Permalink

    Price is going to be around 200 and it will be a big hit. Must apply!

    Reply
  • October 27, 2019 at 10:29 PM
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    company fincial profit is week any body knows more idea

    Reply
    • November 4, 2019 at 12:09 PM
      Permalink

      The Only Plus Point is This : – Canadian billionaire Prem Watsa. Watsa’s Fairfax acquired a 51% stake in CSB Bank for around $168 million

      Its Indian investment portfolio includes IIFL Holdings, Fairchem Specialty, Bangalore International Airport (BIAL), Sanmar Chemicals Group, National Collateral Management Services, Catholic Syrian Bank, Saurashtra Freight, and the National Stock Exchange.

      Reply
      • November 8, 2019 at 9:14 AM
        Permalink

        As they say in banking, you should punt on the jockey, not the horse. Watsa is going to turn it around, that’s the plan.

        Reply

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