CSB Bank IPO
CSB Bank IPO — date, price band, lot size & details 2019
CSB Bank listed on 4 Dec 2019 at ₹275, 41% above the ₹195 issue price.
CSB Bank, formerly Catholic Syrian Bank, is one of India's oldest private sector banks, with a strong base in Kerala and 412 branches. Its total income was Rs 1,483.43 crore in FY2019.
Stock price
CSB Bank is listed — here is the live share price.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
Timetable
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
Issue summary
The terms of the offer, as filed.
| IPO Dates | 22 to 26 Nov, 2019 |
|---|---|
| Price Band | ₹193 – ₹195 |
| Face Value | ₹10 |
| Lot Size | 75 Shares |
| Issue Size | ₹409.68 Cr |
| Sale Type | Fresh capital cum OFS |
| Listing On | BSE, NSE |
| Registrar | MUFG Intime India Private Limited |
| Min Investment | ₹ 14,625 |
Share of the offer set aside for each investor category, as stated in the offer document.
What will it cost me?
Bidding is in multiples of 75 shares at the ₹195 cut-off. Drag to size your application.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 75 | ₹14,625 |
| Retail (max) | 13 | 975 | ₹1,90,125 |
| S-HNI (min) | 14 | 1,050 | ₹2,04,750 |
| S-HNI (max) | 68 | 5,100 | ₹9,94,500 |
| B-HNI (min) | 69 | 5,175 | ₹10,09,125 |
Strengths & risks
Drawn from the offer document — the case for and against, side by side.
Strengths · 4
- 01It turned a profit of Rs 44.27 crore in six months to 30 September 2019 after three years of losses.
- 02Gross NPAs fell from 7.89% of advances in FY2018 to 2.86% on 30 September 2019.
- 03Net worth rose from Rs 353.64 crore in FY2018 to Rs 1,535.99 crore on 30 September 2019 after fresh capital from FIHM.
- 04It had 1.3 million customers and 412 branches.
Risks · 5
- 01It made losses of Rs 57.99 crore in FY2017, Rs 127.09 crore in FY2018 and Rs 65.69 crore in FY2019.
- 02Gross NPAs were 7.25% of advances in FY2017 and 7.89% in FY2018.
- 03Total income fell from Rs 1,617.50 crore in FY2017 to Rs 1,483.43 crore in FY2019.
- 04Its business is concentrated in Kerala and three nearby states; total assets were Rs 17,323.26 crore.
- 05Rs 385.68 crore of the Rs 409.68 crore issue went to selling shareholders.
Three years of numbers
All figures in ₹ crore, as reported in the CSB Bank offer document.
| Metric | 30 Sep 2019 | 31 Mar 2019 | 31 Mar 2018 | 31 Mar 2017 |
|---|---|---|---|---|
| Assets | 17,323.26 | 16,453.46 | 15,334.66 | 15,770.03 |
| Total Income | 816.71 | 1,483.43 | 1,422.23 | 1,617.50 |
| Profit After Tax | 44.27 | -65.69 | -127.09 | -57.99 |
| EBITDA | 113.58 | 34.96 | 94.96 | 171.70 |
| NET Worth | 1,535.99 | 974.00 | 353.64 | 546.15 |
| Reserves and Surplus | 2,265.62 | 1,208.34 | 1,143.88 | 1,143.88 |
| Total Borrowing | 41.80 | 41.80 |
See how this IPO compares — view listing performance of all mainboard IPOs.
Where the money goes
₹43.40 Cr of the issue is earmarked to named objects.
CSB Bank IPO Anchor Investors
24 anchor investors across 9 fund houses committed ₹184.32 Cr a day before the issue opened.
Anchor investors bid a day before the issue opens and are locked in after allotment, so a book weighted towards domestic mutual funds is generally read as a stronger signal than one filled by short-horizon funds. Browse every anchor investor scheme or fund house we track.
About the company
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.
Interested in this IPO? Check the live subscription status or browse all upcoming mainboard IPOs.
The bankers & the filings
Who is running the book, and the documents this page is built from.
CSB Bank IPO Documents
Read the filings this page is built from.
Lead Manager Track Record
How the book-running lead managers on this issue have priced their past IPOs, measured on listing day.
Axis Capital
255 issues handledBest listing: Latent View Analytics (+160.0%). Weakest: Shriram Properties (-23.7%).
IIFL Capital Services Limited
146 issues handledBest listing: Unicommerce eSolutions (+117.6%). Weakest: ICICI Securities (-16.3%).
Listing gain compares the listing-day opening price with the issue price, using the IPOs on IPO Guru that this lead manager has taken to market. A strong record reflects how the banker has priced past issues — it is not a forecast for this one. See every issue they have handled on the lead managers page.
Company contact
Frequently asked
What is the GMP of CSB Bank?
The current Grey Market Premium is ₹62.5, or 32% over the issue price.
What is the CSB Bank IPO price band?
₹193 to ₹195, on a face value of ₹10.
When is the allotment?
The basis of allotment is 2 December 2019, with listing on 4 December 2019.
How do I check allotment status?
On the IPO Guru allotment page or on the registrar's site — MUFG Intime India Private Limited.
Every number here traces back to a filing.
IPO Guru tracks GMP, subscription and allotment for every Mainboard and SME issue. Every number on this page is sourced from the RHP, BSE & NSE.
Not investment advice. Grey market premium is an unofficial, unregulated indicator and is not a forecast.
