November 2019 - Indian IPO Blog

Indian IPO Blog

Insights into investing world in India

Saturday, November 30, 2019

CSB Bank IPO Allotment status declared

November 30, 2019 0
CSB Bank IPO Allotment status declared
CSB Bank IPO Allotment status is declared and can be checked at below mentioned link

Click here to check your status now

Besides, CSB Bank IPO Allotment status can also be checked by checking the release or debit of funds in your bank account

- If funds are fully released, then it means that you have not been allotted any share

- If funds are debited, it means you have been allotted shares and respective amount is therefore debited from your account

Please check back this space for latest updates

Wednesday, November 27, 2019

CSB Bank IPO Allotment and Listing dates

November 27, 2019 0
CSB Bank IPO Allotment and Listing dates

Tuesday, November 26, 2019

Ujjivan Small Finance Bank IPO price band announced

November 26, 2019 0
Ujjivan Small Finance Bank IPO price band announced
The price band for upcoming IPO of Ujjivan Small Finance Bank is fixed at Rs.34 to Rs.35 per equity share with a bid lot of 425 shares and in multiples thereof

Ujjivan Small Finance Bank Limited (USFB) offers small finance to underserved & unserved segments in India. The bank aims to work for the financial inclusion of the country. USFB Bank is promoted by Ujjivan Financial Services Limited (UFSL) which is an NBFC providing financial services to the economically active poor, who are not served by the Financial Institutions.

Following are the details of IPO

Open: - 02-12-2019
Close: - 04-12-2019
Listing Date: - 12-12-2019
Issue Size: - ₹ 1200 Cr
Price Band: - ₹ 34 - ₹ 35 
Lot Size: - 425
Min. App: - ₹ 14,875

CSB Bank IPO heavily oversubscribed

November 26, 2019 0
CSB Bank IPO heavily oversubscribed
The IPO of CSB Bank Limited which closed today secured heavy demand from the markets. The IPO got subcription in excess of 86 times on an overall basis as per data available

QIB portion got subscription of 62.18 times, HNI got subscribed 164.68 times and Retail category was subscribed 44.46 times

Stay tuned to IndianIPOBlog for more updates

Monday, November 25, 2019

CSB Bank IPO subscribed 4.3 times on second day, retail subscription crosses 21 times

November 25, 2019 0
CSB Bank IPO subscribed 4.3 times on second day, retail subscription crosses 21 times
CSB Bank IPO comprises a fresh issue of ₹24 crore and an offer-for-sale of 1,97,78,298 equity shares, including an anchor portion of 94,54,080 equity shares

The IPO has got good response till second day of its opening with the subscription figures crossing 4.35 times

The CSB Bank IPO subscription status of each category is given below:

QIB: 0.26 times
HNI: 1.07 times
Retail: 21.53 times
Overall: 4.35 times

CSB Bank Subscription status as on Nov 25 - 4.00 pm

November 25, 2019 0
CSB Bank Subscription status as on Nov 25 - 4.00 pm

Sunday, November 24, 2019

List of Upcoming IPOs

November 24, 2019 0
List of Upcoming IPOs

SBI Cards plans to launch mega IPO

November 24, 2019 0
SBI Cards plans to launch mega IPO
SBI Cards & Payment Services, the country's second largest credit card provider, is all set to file its draft red herring prospectus (DRHP) early next week and move towards launching the first domestic initial public offer (IPO) by a pure-play credit card company. State Bank of India holds a 74 percent stake in the company while private equity giant Carlyle holds the remaining 26 percent

SBI Card has a wide portfolio catering to both individual and corporate customers. It offers variety of cards across consumer segments that include:


  • Premium Cards - SBI Card Elite, SBI Card PRIME, Doctor’s SBI Card
  • Classic Cards - SimplySAVE SBI Card
  • Industry first initiatives- SimplyCLICK SBI Card, SBI Card Unnati
  • Corporate cards - SBI Signature Corporate Card, SBI Platinum Corporate Card
  • Co-branded cards – Ola Money SBI Card, Etihad Guest SBI Card, Apollo SBI Card, BPCL SBI Card, IRCTC SBI Card, TATA Cards, Yatra SBI Card, fbb SBI STYLEUP Card, Air India SBI Card, Mumbai Metro SBI Card, Capital First SBI Card
According to a recent PTI report, SBI Cards MD and CEO Hardayal Prasad had said that credit business had huge potential to grow in view of the very low penetration in the country

IPO is all set to raise around Rs 9000 crore, making it the biggest listing yet in FY20

CSB Bank IPO Review - Is it worth to apply?

November 24, 2019 0
CSB Bank IPO Review - Is it worth to apply?
CSB Bank IPO is open for subscription from November 22 and the IPO has been subscribed fully.
The issue will close on November 26. Equity shares are proposed to be listed on the BSE, as well as the National Stock Exchange on December 4

Is it worth subscribing to CSB Bank IPO? Here's what expert brokerages have to say:

1. HDFC Securities Review on CSB Bank IPO

As per HDFC Securities, the bank's business and financial performance could suffer if it is unable to effectively manage the level of its NPAs.

"Although CSB Bank is making efforts to improve collections and to foreclose on existing impaired loans in a timely manner, there cannot be any assurance that it will be successful in its efforts or that the overall quality of its Bank’s loan portfolio will improve or will not deteriorate in the future," HDFC Securities said.

Issued notices and initiated various recovery proceedings against defaulting borrowers under the SARFAESI Act are also among key concerns, HDFC Securities said.


Moreover, CSB’s funding requirements are primarily met through customer deposits. If it fails to sustain or achieve growth of its deposit base, including its current and savings account deposit base, its business may be adversely affected, HDFC Securities said.


2. IndiaNivesh Review on CSB Bank IPO

IndiaNivesh recommends subscribing to CSB IPO.


"CSB Bank has seen a remarkable turnaround after the new promoter took charge of its affairs in FY19. At the upper end of the issue price, it is available at P/BV of around 2.19 times on ‘TTM’ basis. We expect CSB Bank to embark on a growth trajectory of over 20 percent on business and profitability for the next couple of years. There is ample scope for it to get re-rated at higher a multiple of 2.5 times to 2.7 times P/BV after listing," said IndiaNivesh.


3. BP Securities Review on CSB Bank IPO

BP Equities recommends subscribing to the issue.

"CSB has posted turnaround results in six months of FY20 and has improved its operational and financial performance. We believe the bank should do well with the recent capital raise and its strong risk management frameworks. We give subscribe rating to the IPO," said the brokerage firm.


"On the valuation front, at the upper end of the price band, CSB is valued at 2.31 times P/BV and 25.31 times P/E. Taking into account huge growth prospects and its comfortable asset quality, the stock looks attractive for investment," said BP Equities.


Ujjivan Small Finance Bank IPO opens on Nov 29

November 24, 2019 0
Ujjivan Small Finance Bank IPO opens on Nov 29
Ujjivan Small Finance Bank IPO opens for subscription from November 29, 2019

Ujjivan Small Finance Bank Limited (USFB) offers small finance to underserved & unserved segments in India. The bank aims to work for the financial inclusion of the country. USFB Bank is promoted by Ujjivan Financial Services Limited (UFSL) which is an NBFC providing financial services to the economically active poor, who are not served by the Financial Institutions.

UFSL offers small size loan products to economically poor women, individual loans to Micro and Small Enterprises (MSEs). It follows the integrated lending approach where the company considers technology infrastructure and back-end support functioning before lending.

USFB has a wide presence across 24 states and union territories in India. As on 30 June 2019, it has 4.72 million customers, 474 Banking Outlets, 387 ATMs, two 24/7 phone banking units (in Bengaluru and Pune) and 50 additionally operated Asset Centres

Saturday, November 23, 2019

CSB Bank IPO open from Nov 22, fully subscribed on first day

November 23, 2019 0
CSB Bank IPO open from Nov 22, fully subscribed on first day
CSB Bank IPO will close on November 26 (Tuesday). The bank has priced the sale of shares at 193-195 apiece. The 410 crore offer involves a fresh issue of shares of face value 10 each to raise up to 24 crore, and an offer for sale (OFS) of 1.97 crore shares by existing investors through which it will sell 385 crore of shares

CSB Bank Ltd, formerly known as Catholic Syrian Bank, is one of the oldest private sector banks in India. The bank has a significant presence in Kerala, Karnataka, Tamil Nadu and Maharashtra

The IPO was fully subscribed on the first day of its opening. shares will be listed on both BSE and NSE. The tentative date for share allotment finalization is December 02, 2019 and listing date is December 4, 2019, according to brokerages.


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