Thursday, October 24, 2019

CSB Bank IPO Date, Review, Price Band, Form & Market Lot Details

CSB Bank IPO to open on 22 November 2019 and closes on 26 November 2019. The company incorporated in 1920 based in Kerala. This is one of the oldest private sector banks and they have a presence in Kerala, Tamilnadu, Karnataka, and Maharashtra. The services they provide are SME Banking, Wholesale Banking, Retail Banking, and Treasury Operations. The company gets SEBI's go-ahead for ₹410 IPO. Previously known as Catholic Syrian Bank, now CSB Bank is promoted by Canadian billionaire Prem Watsa.

Watsa's Fairfax India Holdings (FIH) Corporation has acquired a 51% stake in CSB Bank which is around Rs 440 crores. The promoter of the company is FIH Mauritius Investments Ltd ("FIHM"). Check out the CSB Bank IPO date, price band, and market lot details.

Important IPO Details: The company has an EPS of -Rs.3.81 per share and Return on Net Worth (RONW) is around -4.48%. The CSB Bank has Net Asset Value (NAV) of Rs.85.12 per share.

CSB Bank IPO Review:

  • Apply for Listing Gain

CSB Bank IPO Review by Brokerage Houses:

  • ICICI Direct - Subscribe
  • Ajcon Global Services Ltd - Subscribe
  • Capital Market - Avoid
  • Kotak Securities - N/A
  • Axis Capital - N/A
  • Sharekhan Limited - N/A
  • Emkay Global - N/A

CSB Bank IPO Dates & Price Band:

 IPO Open:  22-November-2019
 IPO Close:  26-November-2019
 IPO Size:  Approx ₹410 Crore (Approx)
 Face Value:  ₹10 Per Equity Share
 Price Band:  ₹193-195 Per Share
 Listing on:  BSE & NSE
 Retail Portion:  10%
 Equity:  19,778,298 Shares

CSB Bank IPO Market Lot:

 Lot Size:  Minimum 75 Shares & Maximum 975 Shares
 Minimum Amount:  ₹14625
 Maximum Amount:  ₹190125

CSB Bank IPO Allotment & Listing:

 Basis of Allotment:  02 December 2019
 Refunds:  03 December 2019
 Credit to Demat Account:  03 December 2019
 Listing Date:  04 December 2019

CSB Bank IPO Form:

How to apply the CSB Bank IPO? You can apply CSB Bank IPO via ASBA available in your bank account. Just go to the online bank login and apply via your bank account by selecting CSB Bank IPO in the Invest section. The other option you can apply CSB Bank IPO via IPO forms download via NSE and BSE. Check out the CSB Bank forms - click NSE Forms & BSE Forms blank IPO forms download, fill and submit in your bank or with your broker.

CSB Bank Financial:

  ₹ in Crore
Revenue Expense PAT
2015 - - -
2016 - - -
2017 1618 1466 -58
2018 1422 1348 -127
2019 1483 1470 -66

Company Promoters:


Quick Links:

DRHP Draft Prospectus
RHP Draft Prospectus

Initial Public Offering of up to (*) equity shares of the face value of Rs. 10 each (equity shares) of CSB Bank Limited (the bank or the bank or the issuer) for cash at a price of up to Rs. (*) per equity share (including a share premium of Rs. (*) per equity share) (the offer price)aggregating up to Rs. (*) Crores (the offer) comprising a fresh issue of (*) equity shares by the bank aggregating up to Rs. 30 Crores (fresh issue) and an offer for sale of up to 19,778,298 equity shares aggregating to Rs. (*) Crores by the selling shareholders, (offer for sale). the offer will constitute (*) % of the post-offer paid-up equity share capital of the bank. The minimum bid lot will be decided by the bank in consultation with the book running lead managers and the price band will be decided by the bank.

CSB Bank IPO Registrar:

Link Intime India Private Limited
C-101, 1st Floor, 247 Park
L.B.S Marg, Vikhroli (West)
Mumbai 400 083
Telephone no.: +91 22 4918 6200
Investor Grievance e-mail:
Contact Person: Mr. Shanti Gopalkrishnan
SEBI Registration No.:INR000004058
Note: Check CSB Bank IPO allotment status on Linkintime website allotment URL. Click Here

CSB Bank IPO Lead Managers:

  • Axis Capital Ltd
  • IIFL Securities Ltd

Company Address:

CSB Bank Limited
‘CSB Bhavan’,
Post Box No. 502,
St. Mary’s College Road,
Thrissur 680 020, Kerala
Contact Person: Mr. Sijo Varghese
Company Secretary and Compliance Officer
Telephone no.: +91 487 2333 020, +91 487 2338 764
Facsimile: +91 487 2333 170


When CSB Bank IPO will open for Anchor Investors?
The Anchor Investors bidding will be on 21st November 2019.

When CSB Bank IPO will open for QIB, NII, and Retail?
The IPO to open on 22nd November 2019 for QIB, NII, and Retail Investors.

What is CSB Bank IPO Investors Portion?
The investors' portion for QIB-75%, NII-15%, and Retail-10%.

How to Apply the CSB Bank IPO?
You can apply CSB Bank IPO via ASBA online via your bank account. You can apply ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form.

What is CSB Bank IPO Allotment Date?
CSB Bank IPO allotment date is on 02 December 2019. You can check IPO allotment here.

What is CSB Bank IPO Listing Date?
CSB Bank IPO listing date is 04 December 2019. The IPO to list on NSE and BSE.

Note: The IPO price band and dates will be added as it will be officially announced. The IPO grey market premium (IPO GMP) will be added on the grey market page as it will start)