Samco securities limited

CSB Bank Limited IPO

Add to Calendar 2019-11-22 12:00 AM 2019-11-26 12:00 AM Asia/Kolkata CSB Bank Limited IPO Catholic Syrian Bank India

Incorporated in 1920, Kerala based CSB Bank Ltd, formerly known as Catholic Syrian Bank, is one of the oldest private sector banks in India. The bank has a remarkable presence in Kerala, Karnataka, Tamil Nadu, and Maharashtra. CSB Bank Ltd has four business areas, which are:

1. SME Banking:
Under SME Banking, the bank offers banking services to vendors, allied businesses, agriculture, financial institutions, and dealers of corporates. The products offered to this category include working capital loans, letters of credit, term loans, bank guarantees and invoice/bill discounting.

2. Retail Banking:
Under the Retail Banking category, the bank offers retail lending and deposit products to retail and NRI customers. The lending products include vehicle loans, gold loans, loans against properties, education loans, agricultural loans, personal loans and housing loans to retail and NRI customers. The deposit products include corporate salary accounts, recurring deposits, savings accounts, current accounts, and fixed deposits.

3. Treasury Operations:
Under Treasury Operations, the bank deals with asset-liability management, statutory reserves management, trading & investment of securities, foreign exchange, and liquidity management activities. This category is aimed to maintain liquidity requirements to comply with the CRR (Cash Reserve Ratio) and SLR (Statutory Liquidity Ratio), which are RBI Mandates.

The company also has a contractual arrangement to distribute life insurance products of HDFC, Edelweiss Tokio, and ICICI Prudential Life Insurance Company Ltd and general insurance products of Reliance General Insurance Company Ltd.

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

4. Wholesale Banking:
CSB Bank fulfills the business needs of large & mid-size corporates, and business entities of Rs 250 million and more credit requirements under the Wholesale Banking category.

In the year 2018, Watsa's Fairfax India Holdings (FIH) Corporation has acquired CSB Bank with a 51 percent stake (around Rs 440 cr). Currently, the bank is focussing on a new business model to work as a full-service new age private sector bank with the help of its promoter, FIH Mauritius Investments Ltd (FIHM).

Company Promotor-

The Promoter of the Bank is FIH Mauritius Investments Ltd ("FIHM").

Company Financials:
Particulars For the year/period ended (? in Million)
Total Assets1,73,232.581,64,534.601,53,346.621,57,700.26
Total Revenue8,167.1414,834.3314,222.2616,174.96
Profit After Tax442.72-656.89-1,270.88-579.91

Issue Detail

  • Issue Open: Nov 22, 2019
  • Issue Close: Nov 26, 2019
  • Issue Type: Book Built Issue IPO
  • Face Value: 10 Per Equity Share
  • Price Band: 193 to 195 Per Equity Share
  • Bid Lot:75 Shares
  • Minimum Order Quantity:75 Shares
  • Listing At: Dec 4, 2019
  • Issue Size: 409.68 Cr

Current Bidding Status

Number of Times Subscribed (BSE + NSE)
As on Date & Time QIB NII RII Employee Others Total

Listing Day Trading Information

Issue Price
Last Trade

Catholic Syrian Bank Red Herring Prospectus

Catholic Syrian Bank User Rating


Catholic Syrian Bank Life IPO Reviews

Catholic Syrian Bank IPO News & Updates

Frequently Asked Questions