CSB Bank to launch IPO on 22 November at price band of Rs.193-195
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New Delhi, Nov. 19 -- Kerala-based private sector lender CSB Bank, formerly known as Catholic Syrian Bank, on Tuesday, announced the launch of its initial public offering (IPO) worth nearly Rs.410 crore, between 22-26 November, at a price band of Rs.193-195.
The bids for the offer can be applied for a minimum of 75 shares and its multiples.
The proposed initial share sale will see the company raise fresh capital worth Rs.24 crore, while its existing shareholders, including ICICI Lombard General Insurance, HDFC Life Insurance, ICICI Prudential Life Insurance, The Federal Bank, Bridge India Fund, Satellite Multicomm, Way2Wealth Securities and Edelweiss Tokio Life Insurance, will sell 19.78 million shares for Rs.385.71 crore via the offer ...
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