CSB proposes to open IPO on Nov 22

CSB proposes to open IPO on Nov 22

Agency News

Mumbai, Nov 19 : The Catholic Syrian Bank Limited (CSB) proposes to open its Initial Public Offering (IPO) of Equity Shares of face value of Rs 10 each on November 22.

According to a statement released here on Tuesday, the minimum Bid lot is 75 Equity Shares and in multiples of 75 Equity Shares thereafter and the offer closes on November 26. CSB MD & CEO CVR Rajendran said that the Anchor Investor Bid/Offer Period shall be 1(one) Working Day prior to the Bid/Offer Opening Date which is November 21.

The IPO consists of fresh issue aggregating up to Rs 240 million ("Fresh Issue") and an offer for sale of up to 19,778,298 equity shares by the Selling Shareholders, (“Offer For Sale” and together with the Fresh Issue referred to as the “Offer”), release mentioned.

The Equity Shares are proposed to be listed on the BSE Limited and the National Stock Exchange of India Limited. The Book Running Lead Managers to the Offer are Axis Capital Limited and IIFL Securities Limited, the statement added. (UNI)