Going by the current grey market premium, the issue is likely to see robust listing.

Traders said the scrip is trading at a Rs 65-67 premium in the grey market.

Axis Capital and IIFL Securities were the managers to the offer.

Out of the 15 IPOs so far this year, only three were financed by the NBFCs.

Overall, investors bid for 1,00,43,98,500 shares against 1,15,54,987 on offer.

The offer received bids for 4,94,25,750 shares so far against the total issue size of 1,15,54,987 shares.

Headquartered in Kerala, CSB Bank is among the oldest private sector bank in India.

The offer received bids for 1,20,87,450 shares against the total issue size of 1,15,54,987.

Anchor book for institutional investors is closed and Rs 184 crore has been raised.

The CSB Bank IPO price band has been set at Rs 193-195 per share.

The lender offers to sell 2,10,21,821 shares in a price band of Rs 193-195.

The bank, which was earlier known as, The Catholic Syrian Bank, has priced the offer in the range Rs 193-195 per share.

Gold and SME Loans are the bank’s mainstay business areas, which are subject to stiff competition.

The offer involves a fresh issue of shares of face value Rs 10 each to raise up to Rs 24 crore.

Some 13 IPOs raised Rs 10,717 crore from the primary market in Samvat 2075.

The bank plans to raise Rs 30 crore by issuing fresh equity shares and the remaining Rs 370 crore from an offer for sale.

Catholic Syrian Bank (CSB), the Kerala-based private sector lender, is talking to potential buyers as promoters look to offload their stake...