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CSB Bank Ltd is one of the oldest private sector banks in India with a history of over 98 years and has a strong base in Kerala along with significant presence in Tamil Nadu, Karnataka, and Maharashtra. It offers a wide range of products and services to its overall customer base of 1.3 million as on September 30, 2019, with particular focus on SME, Retail, and NRI customers.

Company delivers its products and services through multiple channels, including 412 branches (excluding three service branches and three asset recovery branches) and 290 ATMs spread across 16 states and four union territories as on September 30, 2019, and various alternate channels such as micro ATMs, debit cards, internet banking, mobile banking, point of sale services and UPI. It has developed a well-recognized and trusted brand in south India, particularly in the states of Kerala and Tamil Nadu.

The net interest margin increased from 2.11% in Fiscal 2017 to 2.80% in Fiscal 2019 primarily on account of reduction in cost of funds and increase in credit to deposit ratio. Further, Its net interest margin was 3.43% for the six month period ended September 30, 2019

CSB Bank Limited IPO - Issue Details:

Issuer CSB Bank Limited (View Report)
Issue Type 100% Book Built Issue IPO
Issue Period Issue Opens: Nov 22, 2019
Issue Closes: Nov 26, 2019
Price Brand Rs.193* - Rs.195^ per Equity Share
Issue Size Fresh Issue of Rs. 24 Crores + Offer for Sale of upto 19,778,298 Equity Shares Rs. 405.72* - Rs. 409.68^
Face Value Rs.10 per Equity Share
Bit Lot 75 Equity Shares and in multiples thereof
Maximum Bid amount for Retail Rs. 2 Lakhs
QIB 75% of the issue size (Rs.304.29* - Rs.307.26^)
NIB 15% of the issue size (Rs.60.86* - Rs.61.45^)
Retail Individual Bidders 10% of the issue size (Rs.40.57* - Rs.40.97^)
Listing NSE & BSE
UPI All Retail Applications compulsorily in UPI Mode
Registrar Link Intime India Private Limited
Book Running Lead Managers Axis Capital Limited & IIFL Securities Limited
* Lower Price Band; ^ Upper Price Band


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