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

Indian IPO Blog

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Saturday, November 23, 2019

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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