CSB Bank IPO subscribed 4.35 times on second day of bidding; share sale to close tomorrow
5 years, 1 month ago

CSB Bank IPO subscribed 4.35 times on second day of bidding; share sale to close tomorrow

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The initial public offering of CSB Bank was subscribed 4.35 times on the second day of bidding on Monday New Delhi: The initial public offering of CSB Bank was subscribed 4.35 times on the second day of bidding on Monday. The initial public offering of the Kerala-based company received bids for 5 crore shares against the total issue size of 1.15 crore shares, according to data available with the NSE. The IPO comprises a fresh issue of Rs 24 crore and an offer-for-sale of 1,97,78,298 equity shares, including an anchor portion of 94,54,080 equity shares. CSB Bank on Thursday raised Rs 184 crore from anchor investors.

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