CSB Bank IPO GMP History
CSB Bank IPO has been listed on December 4, 2019 at a listing price of ₹275, against the issue price of ₹195 — a gain of ₹80 (+41.03%). The GMP peaked at ₹80 on 17 November 2019 and reached a low of ₹47.5 on 20 November 2019. The day-wise GMP trend below shows how grey market sentiment evolved from subscription to listing.
CSB Bank IPO raised ₹409.68 Cr. through its IPO at a price band of ₹193 to ₹195 per share, with a lot size of 75 shares. The IPO was open for subscription from 22 Nov 2019 to 26 Nov 2019.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
GMP trend
Grey market premium sampled three times a day (11 AM, 5 PM, 10 PM). Last updated 12 Nov, 3:12 PM IST.
Day-wise GMP
The last reading of each day, newest first. Arrows compare with the previous day.
| Date | GMP | ↑↓ | % | Kostak | Sub. Sauda |
|---|---|---|---|---|---|
| 03 Dec 2019 | ₹ 62.5 | — | 32% | — | — |
| 02 Dec 2019 | ₹ 62.5 | — | 32% | — | — |
| 01 Dec 2019 | ₹ 62.5 | — | 32% | — | — |
| 30 Nov 2019 | ₹ 62.5 | — | 32% | — | — |
| 29 Nov 2019 | ₹ 62.5 | — | 32% | — | — |
| 28 Nov 2019 | ₹ 62.5 | ▼ | 32% | — | — |
| 27 Nov 2019 | ₹ 72.5 | — | 37% | — | — |
| 26 Nov 2019 | ₹ 72.5 | — | 37% | — | — |
| 25 Nov 2019 | ₹ 72.5 | ▲ | 37% | — | — |
| 24 Nov 2019 | ₹ 67.5 | — | 35% | — | — |
| 23 Nov 2019 | ₹ 67.5 | — | 35% | — | — |
| 22 Nov 2019 | ₹ 67.5 | — | 35% | — | — |
| 21 Nov 2019 | ₹ 67.5 | ▲ | 35% | — | — |
| 20 Nov 2019 | ₹ 47.5 | ▼ | 24% | — | — |
| 19 Nov 2019 | ₹ 57.5 | — | 29% | — | — |
| 18 Nov 2019 | ₹ 57.5 | ▼ | 29% | — | — |
| 17 Nov 2019 | ₹ 80 | — | 41% | — | — |
| 16 Nov 2019 | ₹ 80 | — | 41% | — | — |
| 15 Nov 2019 | ₹ 80 | — | 41% | — | — |
| 14 Nov 2019 | ₹ 80 | ▲ | 41% | — | — |
| 13 Nov 2019 | ₹ 50 | — | 26% | — | — |
| 12 Nov 2019 | ₹ 50 | — | 26% | — | — |
| 11 Nov 2019 | ₹ 50 | — | 26% | — | — |
| 10 Nov 2019 | ₹ 50 | — | 26% | — | — |
CSB Bank IPO dates
Key dates from opening to listing. Today is 14 November.
- Open 22 Nov 2019
- Close 26 Nov 2019
- Allotment 02 Dec 2019
- Refund/credit 03 Dec 2019
- Listing 04 Dec 2019
CSB Bank IPO actual listing price
How the grey market's final call compared with the listing-day open.
| Issue price | ₹195 |
|---|---|
| GMP-based estimate (pre-listing) | ₹257 (+31.8%) |
| Listing gain / loss | +₹80 per share |
| Listing date | 04 Dec, 2019 |
| Actual listing price | ₹275 (+41.03%) |
Is CSB Bank IPO GMP reliable?
Grey market premium for CSB Bank IPO should be interpreted with caution. The GMP is an unregulated, unofficial market not governed by SEBI. Here's how to read the current signal:
- 01Subscription rate matters: A high GMP paired with strong subscription — especially QIB (Qualified Institutional Buyer) oversubscription — is a more reliable bullish signal than GMP alone. Read our in-depth analysis: GMP vs Subscription Data — Which Predicts Listing Gains Better?
- 02Timing matters: GMP in the first 1–2 days of subscription is less reliable. GMP on the final subscription day and the day before listing tends to be the most accurate predictor.
- 03Grey market is thin: For smaller IPOs, even a handful of large orders can swing the GMP significantly. Treat low-volume GMP signals with extra caution.
- 04Cross-check before acting: Review the CSB Bank IPO full review for a fundamentals-based assessment before making any grey market trades.
CSB Bank IPO Kostak rate explained
Two ways the grey market trades an IPO application before listing.
The Kostak rate for CSB Bank IPO was not available during the subscription period. Kostak is the fixed amount a grey market buyer pays for an IPO application regardless of allotment outcome.
The Subject to Sauda price was not available for this IPO. Subject to Sauda only applies if allotment is confirmed — the buyer pays a premium on top of the issue price per lot allotted.
Grey market trading is unofficial and unregulated by SEBI. Proceed with full awareness of the associated risks.
About CSB Bank IPO
CSB Bank Limited, formerly Catholic Syrian Bank, is a Kerala based bank with a history of over 98 years. Its promoter is FIH Mauritius Investments Limited (FIHM).
It has a strong base in Kerala and a significant presence in Tamil Nadu, Karnataka and Maharashtra, with a focus on SME, retail and NRI customers.
As on 30 September 2019 it served 1.3 million customers through 412 branches and 290 ATMs in 16 states and 4 union territories. The RBI had approved FIHM acquiring up to 51% of the bank.
The IPO was Rs 409.68 crore, with Rs 24.00 crore of fresh issue and Rs 385.68 crore of offer for sale, at Rs 195, the top of the Rs 193 to Rs 195 band. The fresh money was to add to its capital base.
Frequently asked
What is the GMP of CSB Bank IPO?
The current Grey Market Premium (GMP) of CSB Bank IPO is ₹ 62.5.
What is the Kostak Price of CSB Bank IPO?
Kostak rate is the profit made by selling an IPO application before allotment. The current Kostak rate for CSB Bank IPO is not available.
What is the Subject to Sauda Price of CSB Bank IPO?
Subject to Sauda is the premium amount decided if the allotment is confirmed. The current Subject to Sauda rate is not available.
What was the actual listing price of CSB Bank IPO?
CSB Bank IPO listed on December 4, 2019 at ₹275, against the issue price of ₹195 — a gain of +41.03%.
How did the GMP of CSB Bank IPO trend before listing?
The GMP of CSB Bank IPO was stable in its final days before listing. The GMP peaked at ₹80 on 17 November 2019. View the day-wise table above for the complete GMP history.
Explore CSB Bank IPO further
The grey market is one signal. Read it alongside the demand, the reviews and the filings before you decide.
It has listed — go back to the fundamentals.
Category-wise demand from QIB, NII and retail investors, updated through the day.
What brokers and analysts are saying about this issue, in one place.
Check with your PAN whether shares were credited to your demat account.
The grey market called it. Now check the fundamentals.
IPO Guru tracks GMP, subscription and allotment for every Mainboard and SME issue. Read the grey market alongside the subscription book and the offer document before you apply.
Not investment advice. Grey market premium is an unofficial, unregulated indicator and is not a forecast.
