Business

CSB Bank IPO Review, GMP, Share Price & Details, Allotment

CSB Bank IPO Review, GMP, Share Price & Details, Allotment :- With the history of more than 98 years, CSB Bank is one of the oldest private sector banks located in India as well as it has a strong base in Kerala together with noteworthy presence in Tamil Nadu, Karnataka, as well as Maharashtra.

CSB Bank IPO Review

On the other hand, the bank offers a wide range of products as well as services to its overall customer base of around 1.3 million as on 31 March 2019, with the specific focus on SME, Retail, as well as NRI customers.

Incorporated in the year 1920, Kerala based CSB Bank Ltd, which is also formerly known as Catholic Syrian Bank, is considered to be one of the oldest private sector banks located in India.

CSB Bank, on the top of that offers its products as well as services through many channels, which comprises of total number of 414 branches (apart from three service branches and two asset recovery branches) along with 277 ATMs that are spread all over 16 states as well as four union territories as on 31 March 2019.

CSB Bank IPO GMP Share Price & Details

The bank also comprises of four principal business areas, to be exact, (a) SME banking, (b) retail banking, (c) wholesale banking, and (d) treasury operations.  It is in the practise of rebranding itself to “CSB Bank Limited” along with that it is also re-aligning its organizational set-up for resourcefully driving operations as well as business strategy.

Under this approach, branches are going to be responsible only for deposits, cross-selling as well as  customer servicing and all loan products are going to be driven by dedicated teams, with every business team operating as a profit centre.

On the other hand, the company also has a contractual arrangement in order to distribute life insurance products of HDFC, Edelweiss Tokio, as well as ICICI Prudential Life Insurance Company Ltd along with general insurance products of Reliance General Insurance Company Ltd.

CSB Bank IPO Allotment

The bank also comprises of 1.3 million customers, which are mainly from Retail, SME and NRI segments. It has a wide product as well as services range which are carried through many channels such as 277 ATMs, 414 branches and other micro ATMs, internet banking, debit cards, mobile banking, UPI as well as POS (Point of Sale). CSB Bank also has a presence across 16 states along with 4 UTs (Union Territories).

In the meantime, the Promoter of the Bank is FIH Mauritius Investments Ltd (“FIHM”). It’s competitive strengths are having strong network and its popularity in South India. It comprises of significant capital base and it is established SME business model. It offers major portion of gold loans in portfolio. Judicious risk management controls, policies, as well as procedures.

 

Company Financials

Particulars For the year/period ended (₹ in Million)
30-Sep-19 31-Mar-19 31-Mar-18 31-Mar-17
Total Assets 1,73,232.58 1,64,534.60 1,53,346.62 1,57,700.26
Total Revenue 8,167.14 14,834.33 14,222.26 16,174.96
Profit After Tax 442.72 (656.89) (1,270.88) (579.91)

 

CSB Bank IPO Details

Subscription Dates 22 November 2019 to 26 November 2019
Price Band To be updated
Fresh issue INR 30 Crore
Offer For Sale 19,778,298 shares
Total IPO size To be updated
Minimum bid (lot size) To be updated
Face Value INR10 per share
Retail Allocation 10%
Listing On NSE, BSE