CSB Bank Limited announced it's IPO on 22 November
Highlights: Kerala based CSB Bank Ltd. announced it's IPO on 22 November. Here is everything you need to know before subscribe.
CSB Bank formerly known as Catholic Syrian Bank was incorporated in 1920 and actively providing financial services in Southern India. The has its significance presence in Kerala, Karnataka, Tamilnadu and Maharashtra. The bank is functioning in following business areas:
- Retail Banking: The bank is providing its retail deposits and lending products to residents and NRI customers. It provides all kinds of Accounts and Loan Products to its customers.
- SME Banking: The bank offers its services to Vendors, Allied Businesses, Agriculture and Financial Institutions and Corporate Dealers. The products offered in this category is Working Capital Loans, Term Loans, Letter of Credit and Bank Guarantee Services.
- Treasury Operations: In this category,, the bank deals with Asset-Liability Management, Statutory Reserves Management, Trading and Investment of Securities, Foreign Exchange and Liquidity Management.
Market Strength: It has a strong network and well known brand in Southern India with a significant capital base. It has a major portion of Gold loans in portfolio.
Risk Factors: Increase in Non Performing Asset may impact earnings. It is very competitive to manage asset quality in given current stressed scenario particularly in Corporate/SME portfolio. Since, bank has a major portion of Gold loans in portfolio, fluctuation in Gold Prices may impact financials. The bank operates specifically in Southern India and the political conditions may impact on the bank's market performance.
Company Financials:
| 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) | |
CSB Bank IPO Details
| 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 |
CSB Bank IPO Tentative Date / Timetable
| 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 |
CSB Bank IPO Lot Size and Price (Retail)
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 75 | ₹14,625 |
| Maximum | 13 | 975 | ₹190,125 |
CSB Bank IPO Promoter Holding
| Pre Issue Share Holding | 50.09% |
| Post Issue Share Holding | 49.7% |
Source: Web
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