CSB Bank IPO: Everything You Need To Know

About – CSB Bank Limited

CSB Bank IPO is about to get launched on this week friday 22 november 2019. The issue opens on Nov 22, 2019 and closes on Nov 26, 2019.

The name of the Bank has been changed from “The Catholic Syrian Bank Limited” to “CSB Bank Limited” with effect from 10th June 2019.

It is one of the oldest private sector banks in India with a history of over 98 years, and a strong base in Kerala along with significant presence in Tamil Nadu, Karnataka, and Maharashtra.

CSB Bank offers a wide range of products and services to all thier customers. They have a customer base of 13 Lakh as on March 31, 2019.

CSB Bank is primarily focus on SME, retail, and NRI customers.

They have about 414 branches (excluding three service branches and two asset recovery branches) and 277 ATMs spread across 16 states and four union territories as on March 31, 2019.

It’s credit portfolio includes sector like agriculture, MSMEs, education, and housing.

Because of thier focus on quality of service and nurturing long term relationship with thier customers.

They have developed a well-recognized and trusted brand in south India, particularly in the states of Kerala and Tamil Nadu.

CSB Bank IPO Details

In 2018, the Reserve Bank of India (RBI) allowed Fairfax India (via FIH Mauritius Investments Ltd) to acquire a controlling 51 per cent stake in the bank.

Apart from Fairfax, HDFC Life Insurance, ICICI Lombard General Insurance, ICICI Prudential Life Insurance,

The Federal Bank, Way2Wealth Securities, Edelweiss Tokio Life Insurance, too, hold a stake in the bank.

CSB Bank IPO Promoter Holding

Pre Issue Share Holding- 50.09%
After Issue Share Holding – 49.7%

When CSB Bank IPO will open?

CSB Bank’s Rs 410 crore initial public offering (IPO) will open for subscription on Friday 22 November. The issue will close on November 26, 2019.

The IPO involves a fresh issue of shares of face value Rs 10 each to raise up to Rs 24 crore, and an offer for sale of 1.97 crore shares by existing investors through which it will raise Rs 386 crore.

What is Lot size for CSB Bank IPO?

Minimum Order Quantity is 1 Lot 75 Equity Shares (Rs.14,475) and in multiples thereof.
Maximum Subscription Amount for Retail Investor is Rs. 2,00,000

• The Anchor Investors bidding date shall be 21st Nov, 2019
• Investors Portion: QIB=75% of the offer, NIB=15% of the offer and Retail=10% of the offer
• Face Value – Rs 10, Tick Size – Re 1

Price Band for CSB Bank IPO?

The IPO price band has been set at Rs 193-195 per share.

When is CSB Bank IPO getting Listed on Exchange?

Finalisation of Basis of Allotment – Dec 2, 2019
Initiation of Refunds – Dec 3, 2019
Credit of Shares to Demat Account- Dec 3, 2019
IPO Shares Listing on exchange- Dec 4, 2019

How to apply for CSB Bank IPO online?

You can apply from your bank online through UPI. Check out this Youtube video for further help.

 Note:  RED HERRING PROSPECTUS

DRAFT RED HERRING PROSPECTUS

CSB Bank Financial Performance

You can check all financial result and annual reports of CSB bank Limited financial performance here.

Till September 2019, the bank logged a cumulative net profit of Rs 44.27 crore.

CSB posted a total income Rs 1,617.50 crore in FY17, Rs 1,422.27 crore in FY18 and Rs 1,483.43 crore in FY19.

It incurred a net loss of Rs 57.99 crore, Rs 127.09 crore and Rs 65.69 crore, respectively, during these financial years.

The bank’s revenue at the end of H1FY20 was Rs 816.7 crore, and total assets stood at Rs 17,323.25 crore.

The net interest margin (NIM), improved from 2.11 per cent (FY17) to 3.43 per cent (H1FY20).

Company Contact Information

CSB Bank Limited
‘CSB Bhavan’, Post Box No 502,
St. Mary’s College Road,
Thrissur – 680 020, Phone: +91 487 2333 020
Email: investors@csb.co.in
Website: https://www.csb.co.in

CSB Bank IPO Registrar

Link Intime India Private Ltd
Link Intime India Private Ltd
C 101, 247 Park, L.B.S.Marg,
Vikhroli (West), Mumbai – 400083

Phone: +91-22-4918 6270
Email: csb.ipo@linkintime.co.in
Website: https://www.linkintime.co.in

CSB Bank IPO Lead Manager(s)

Axis Capital Limited
IIFL Holdings Limited

Note: To know more information checkout this Link.

Management

• Rajendran Chinna Veerappan is the Managing Director and Chief Executive Officer of the bank.
• He previously served as the chief executive of the Association of Mutual Funds in India and associated with Corporation Bank, Andhra Bank and Bank of Maharashtra.
• He has been on the bank board since November 24, 2016.
• Madhavan Karunakaran Menon is the Part-time Chairman and a non–executive Director of the bank. Sumit Maheshwari is the Non–executive Director of the bank.
• Thomas Mathew, Bhama Krishnamurthy, Aravamuthan Madhavan and Syed Nagoor Ali Jinnah are the Independent Director of the Bank.
• Veluthattil Maheswari is the Chief Financial Officer of the bank. She has been associated with the bank since 1994.
• Sijo Varghese is the Company Secretary and Compliance Officer and Vincy Louis Pallissery is the Chief Compliance Officer of the Bank.

Conclusion

Now it is up to you to decide wether you want to subscribe to CSB Bank Ipo. However, this does looks a good oppourtunity to cash in some profit in short duration.

One should look for all aspects of the company before putting thier hard earned money.

Seeing ongoing fall in most of the banking sector stock one should be really cautious. Information shared above is just for knowledge purpose. Do you investment at your own risk.

If you have any question or feedback please let us know in comments section.