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.
Have you signed up for Primo, our daily newsletter?It has all the stories and data on the market, business, economy and tech that you need to know.
THANK YOU! You made our day. See you every morningYOUR EMAIL IS ON ITS WAY. Check your inbox for future updates.
To keep watching CNBC-TV18, India's No. 1 English Business News Channel, call your Cable or DTH Operator and subscribe now for just Rs. 4 per month. You can also subscribe to CNBC-TV18 Prime HD for Re 1/- per month.Find out more