Business Standard

Monday, December 23, 2024 | 05:27 PM ISTEN Hindi

Notification Icon
userprofile IconSearch

CSB to announce IPO price band of Rs 193-195, value itself at Rs 3,400 cr

This IPO is mainly to meet the regulatory requirement. RBI had asked the Bank to list on the bourses by September but this was delayed due to procedural issues

Catholic Syrian Bank, CSB, Fairfax, Prem Watsa, OPSB, SMEs
Premium

File photo of CSB

Nidhi Rai Mumbai
Thrissur-based CSB Bank — earlier known as Catholic Syrian Bank — will soon announce an Initial Public Offering (IPO) of its shares, at a price band of Rs 193-195, thus valuing the lender at Rs 3,400 crore. 

The IPO opens this Friday and closes on November 26. 

It will consist of a new issue up to Rs 24 crore and an Offer for Sale of up to 19,778,298 equity shares. Lead managers to the offer are Axis Capital and IIFL Securities.

Three insurance companies — HDFC Life, ICICI Prudential and Edelweiss Tokyo Life — will exit after selling their stakes. Indo-Canadian billionaire Prem

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in