IPO Details
CSB Bank Ltd.
'CSB Bhavan', Post Box No.502, St.Mary's College Road,Thrissur, Kerala - 680020
Phone: 2333020 Fax: 2333170

Public Issue of 21009067 Equity Shares of Rs. 10.00 each for Cash at a Premium of Rs. 185.00 per share.
Issue Open DateIssue Closing DateApplication MoneyAllotment Money
22/11/201926/11/2019195.00 -
Lead Managers Registrar Listed at
AXIS CAPITAL LTD.
IIFL SECURITIES LIMITED
Link Intime India Private Limited
C-101, 247 Park,
L.B.S. Marg, Vikhroli (West), ,
Mumbai, Maharashtra - 400083
Phone: 49186200 Fax: 49186195
BSE
NSE
Object of the issue

The Offer comprises of a Fresh Issue by our Bank and an Offer for Sale by the Selling Shareholders.

Fresh Issue

The objects of the Offer are to augment our Bank’s Tier-I capital base to meet our Bank’s future capital requirements which are expected to arise out of growth in our Bank’s assets, primarily our Bank’s loans/advances and investment portfolio and to ensure compliance with Basel III and other RBI guidelines. Further, the proceeds from the Offer will be used towards meeting the expenses of the Offer.

Offer for Sale

The Selling Shareholders propose to sell an aggregate of up to 19,778,298 Equity Shares, aggregating up to Rs. [.] million after deducting the Offer related expenses.

Promoted by

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

FIHM was incorporated on November 12, 2014 as a private company under the laws of the Republic of Mauritius pursuant to the Companies Act 2001. The registered office of FIHM is located at Level 1, Maeva Tower, Silicon Avenue, Cyber city, Ebene 72201, Republic of Mauritius. FIHM’s principal activity is to achieve long-term capital appreciation, by investing in public and private equity securities and debt instruments. There have been no changes to the activities undertaken by FIHM.
FIHM is interested in the Bank to the extent that it has promoted the Bank, and to the extent of its shareholding in the Bank, the dividends payable and any other distributions in respect of its shareholding in the Bank. FIHM has been identified as a promoter based on the RBI letter dated April 22, 2019 bearing number DBR.PSBD.No.8910/16.01.060/2018-19. Further, Mr. Madhavan Karunakaran Menon and Mr. Sumit Maheshwari have been nominated as nominee directors by FIHM.