CSB Bank witnesses bumper listing; up 41% from issue price of Rs195 - Highlight Investment Research

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Wednesday, 4 December 2019

CSB Bank witnesses bumper listing; up 41% from issue price of Rs195

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CSB Bank, formerly known as Catholic Syrian Bank, made a strong debut on the exchanges today. The stock got listed at Rs275 apiece with a 41% premium over its issue price of Rs195 on the BSE.

Currently, the stock is trading at Rs300.10 up by Rs105.1 or 53.9% from its previous closing of Rs195 on the BSE.

The scrip opened at Rs275 and has touched a high and low of Rs304 and Rs275 respectively.

The IPO was subscribed 86.93 times on the last day. The qualified institutional buyers (QIBs) category was subscribed 62.18 times. The non-institutional investor's category was subscribed 164.68 times. The retail individual investors (RIIs) category was subscribed 44.53 times.

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