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 Dates 22 - 26 November 2019
Price Band INR193 - 195 per share
Fresh issue INR24 crore
Offer For Sale 19,778,298 shares (INR381.72 - 385.68 crore)
Total IPO size INR405.72 - 409.68 crore
Minimum bid (lot size) 75 shares
Face Value  INR10 per share
Retail Allocation 10%
Listing On NSE, BSE
CSB Bank's financial performance (in INR crore)
FY2017 FY2018 FY2019 H1 FY2020
Revenue 1,617.5 1,422.2 1,483.4 816.7
Expenses 1,465.8 1,347.9 1,470.1 713.1
Net income -58.0 -127.1 -65.7 44.3
Net margin (%) -3.6 -8.9 -4.4 5.4
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

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

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
Category Shares offered Subscription (no. of times, at 5:00 PM)
Day 1 Day 2 Day 3
QIB 6,302,721 0.00 0.25 62.18
NII 3,151,360 0.09 1.06 164.67
Retail 2,100,906 5.60 21.52 43.87
Total 11,554,987 1.04 4.34 86.90
CSB Bank IPO Analyst Reviews 

Anand Rathi - Subscribe

Mehta Equities - Subscribe

HEM Securities - Subscribe

Choice Broking - Avoid

Angel Broking - Neutral

ICICIdirect - Subscribe

Ajcon Global - Subscribe

SMC Global - 2/5

CSB Bank IPO Allotment Status

CSB Bank IPO allotment out now on registrar 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: INR275 per share (up 41.03% from IPO price)

Closing Price on NSE: INR300.35 per share (up 54.03% from IPO price)

17 thoughts on “CSB Bank IPO Details

  • November 30, 2019 at 11:23 PM
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    No luck this time. Now hoping to get allotment in Ujjivan.

    Reply
  • November 30, 2019 at 10:34 PM
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    I just got a message from bank about removing hold of money but LInkintime is still not showing allotment

    Reply
    • November 30, 2019 at 10:54 PM
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      I have also got same message of removed hold on subscription amount of CSB IPO but no allotment basis available on registrar site.

      Reply
    • November 30, 2019 at 10:56 PM
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      If it is just removal of lien amount, it means no allotment has been made to you. But congratulations if you see the amount deduction of Rs. 14,625.

      My HDFC bank is showing full account balance so it looks like I was unsuccessful in this as well. No allotment!

      Reply
  • November 27, 2019 at 3:40 PM
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    A lot of comments made over CSB Bank Ltd. IPO. But i am sure it will be hit in the market on first day…… as per Mr. Anil Singvi at least 20% gain must be present case,,,,,,,,,,,,,,

    Reply
    • November 27, 2019 at 8:20 PM
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      Exelant

      Reply
  • November 26, 2019 at 3:14 PM
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    Looks like HNIs are subscribing loads to this ipo which means the listing will be superb

    Reply
    • November 27, 2019 at 11:19 AM
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      The size of this ipo is small. There is no competing IPO this week. All the same investors who regularly subscribe to IPOs have subscribed to it. So it appears like it is over subscribed. Anyone can throw more light on this.

      Reply
  • November 25, 2019 at 9:47 AM
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    CSB bank IPO is only for Listing Gain and it may open Less than issue price. So be carefull if going to Apply for the same.

    Or else can buy on listing day and gain profit…

    Reply
  • November 23, 2019 at 7:02 AM
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    This perfect example for me to hero is intelligent but I love you more than you think

    Reply
  • November 22, 2019 at 12:28 PM
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    Since last three yrs CSB bank is loss position. hence, my suggestion the IPO value may be less once hit the market.

    Reply
  • November 19, 2019 at 10:52 AM
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    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
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    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
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    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
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      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
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        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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