CSB Bank makes its stock market debut today
NEW DELHI: CSB Bank, which recently concluded its initial public offer (IPO), will make its stock market debut on Wednesday.
Traders said the scrip is quoted at a premium of Rs 65-67 on the gray market, which translates into a 33-34 percent rise over the upper end of the IPO price band of Rs 193. -195.
La initial public offer de CSB Bank, un prestamista con sede en Kerala, se suscribió 86.89 veces el mes pasado.
The category reserved for qualified institutional buyers (QIB) was subscribed 62.18 times, non-institutional investors 164.68 times and individual retail investors 44.25 times.
The IPO of the company Rs 410 crore, was in a price band of Rs 193-195 per share.
The bank's IPO took place from November 22 to 26.
Axis Capital and IIFL Securities were the managers of the offer.