IPO

CSB Bank Limited IPO

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Listed On: Dec 4, 2019 at ₹ 275

₹ 14625 /75 Shares

22 Nov, 2019

Open Date

26 Nov, 2019

Close Date

02 Dec, 2019

Allotment Date

04 Dec, 2019

Listing Date
IPO Issue Details
  • Issue Price Rs 193/- to Rs 195/- Rs per Equity Share
  • Face Value Rs 10 Per Equity Share 
  • Issue Price Total 2,10,09,067 Equity Shares of Rs 10/- at price of Rs 193/- to Rs 195/- with aggregating up to Rs 409.68 Cr# Fresh Issue of 12,30,769 Equity Shares of Rs 10/- at price of Rs 193/- to Rs 195/- with aggregating up to Rs 24 Cr # Offer for Sale of 1,97,78,298 Equity Shares of Rs 10/- at price of Rs 193/- to Rs 195/- with aggregating up to Rs 385.68 Cr
  • Listing at NSE, BSE
  • List Price 275
  • Listing Date 2019-12-04
  • Lead Manager Axis Capital Limited, IIFL Holdings Limited
  • Registrar Link Intime India Private Limited
IPO Details
  • Retail Portion N/A
IPO Details


The IPO of is priced at ₹193 - 195 per equity share, which has a face value of Rs 10 Per Equity Share  each, IPO bidding starts from Nov 22, 2019 and ends on Nov 26, 2019. The allotment for IPO will be finalized on Dec 2, 2019. IPO will be listed on BSE, NSE, with a tentative listing date fixed as Dec 4, 2019. The company shall list its equity shares on the NSE, BSE. Link Intime India Private Limited is the registrar of the issue.

The book-running lead manager for the IPO is/are Axis Capital Limited, IIFL Holdings Limited.


The IPO sets its price band at 193 - 195 for each share. A single application for CSB Bank Limited IPO must contain at least 75 shares.

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IPO Subscription Analysis And Details
Retail
9.00x
QIB
39.00x
NII
51.00x
Total
1.00x
As on QIB NII Retail Total
Shares Offered / Reserved 63,02,721 31,51,360 21,00,906 1,15,54,987
Day 1 22-11-19
0 x 3,16,125 0.10 1,17,71,325 5.60 x 1,20,87,450 1.05 x
Day 2 25-11-19
16,22,550 0.26 x 33,57,600 1.06 4,52,26,800 21.53 x 5,02,06,950 4.35 x
Day 3 26-11-19
39,19,21,425 62.18 x 51,89,72,475 164.68 9,35,03,850 44.51 x 1,00,43,97,750 86.93 x
Valuations
Earnings Per Share (EPS) Rs - (0.38)/-
P/E Ratio NA
RoNW - (4.48)%
Net Asset Value (NAV) - As on 30.09.19 89.19
IPO - Issue Objectives
1

Offer for SaleCompany will not receive any proceeds from the Offer for Sale.

2

Fresh Issue(a) To augment Bank's Tier-I capital base to meet the Bank's future capital requirements(b) To achieve the benefits of listing the Equity Shares on the Stock Exchanges and Offer for Sale

IPO - Peers Comparison
P/B Ratio P/E Ratio RoNW Revenue(in Cr.)
CSB Bank Limited 2.19 NA - (4.48)% - (65.69)
DCB Bank Limited 1.71 15.69 10.91 3041.49
Federal Bank Limited 1.25 11.38 11.02% 11,419.03
South Indian Bank Limited 0.36 6.47 5.63% 6876.52
City Union Bank Limited 3.06 21.68 14.14% 3767.17
Karur Vysya Bank Limited 0.70 20.92 3.35% 5815.82