Kerala-primarily based non-public lender CSB Bank (formerly known as Catholic Syrian Bank) made a debut on bourses on December 04, list at Rs. 275 per share on BSE, up by means of 41% from its problem rate of Rs. 195. CSB Bank’s Rs. 410-crore IPO become subscribed 87 instances last week.
CSB Bank shares rose as a whole lot a 56% to Rs. 304 in keeping with share on BSE. At 10:sixteen am, the inventory charge was trading 53.Five percent better at Rs 299.35.
On the NSE, the CSB Bank stocks listed at Rs. 275 in keeping with percentage, up forty one.01% from its difficulty price of Rs. 195 in step with proportion. Intraday, the inventory jumped as a great deal as fifty one.28% to Rs. 295 per proportion.
The CSB Bank IPO closed on November 26 and had acquired a strong subscription. The element set aside for non-institutional investors changed into subscribed 164.Sixty eight instances, qualified institutional shoppers sixty two.18 instances and retail buyers at 44.53 instances.
Overall, the problem had obtained bids really worth Rs. 19,586 crore.
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