CSB Bank Limited (Formerly known as The Catholic Syrian Bank Limited): Offer to open on November 22, 2019 and to close on November 26, 2019


·        Price Band – Rs. 193 – Rs. 195 per Equity Share of face value of Rs. 10 each

·         The minimum Bid lot is 75 Equity Shares and in multiples of 75 Equity Shares thereafter

Mumbai, November 19, 2019: CSB Bank Limited (the “Bank“) proposes to open its initial public offering (“IPO”) of equity shares of face value of Rs. 10 each (“Equity Shares“) on November 22, 2019. The Anchor Investor Bid/Offer Period shall be 1(one) Working Day prior to the Bid/Offer Opening Date which is November 21, 2019. The IPO consists of fresh issue aggregating up to Rs. 240 million (“Fresh Issue“) and an offer for sale of up to 19,778,298 equity shares by the Selling Shareholders, (“Offer For Sale” and together with the Fresh Issue referred to as the “Offer“). The Bid/Offer Closing Date will be on November 26, 2019. Bids can be made for a minimum lot of 75 Equity Shares and in multiples of 75 Equity Shares thereafter.

The Equity Shares are proposed to be listed on the BSE Limited and the National Stock Exchange of India Limited (the “Stock Exchanges“).

The net proceeds from the Offer are proposed to be utilized to augment Tier-I capital base to meet Bank’s future capital requirements which are expected to arise out of growth in the Bank’s assets, primarily Bank’s loans/advances and investment portfolio and to ensure compliance with Basel III and other RBI guidelines. Further, the proceeds from the Offer will be used towards meeting the expenses of the Offer.

The Book Running Lead Managers (“BRLMs“) to the Offer are Axis Capital Limited and IIFL Securities Limited.




Leave A Reply