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CSB Bank IPO subscribed 4.35 times on second day of bidding

Updated : November 26, 2019 07:13 AM IST

The initial public offering of CSB Bank was subscribed to 4.35 times on the second day of bidding on Monday.
The initial public offering (IPO) 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.
CSB Bank aims to raise about Rs 410 crore via the IPO and plans to use the proceeds towards increasing its Tier-I capital base to meet future capital requirements and for general corporate purposes.
CSB Bank IPO subscribed 4.35 times on second day of bidding

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