CSB Bank Limited IPO Message Board (Page 23)

OMERS Administration Corporation (OAC Custody Account - SCV6) has emerged as the single-largest anchor investor in CSB Bank's initial public offering (IPO), getting an allocation of 37.97 per cent of the equity shares available for allocation under the Anchor lnvestor Portion.

CSB Bank 73-75 Nil volume

CSB Expected Lisitng 230 - 260
Retail Can Apply and Hold.

This is backed by FairFax , So Omers Have Applied on this Call in Anchors

Bank Will Do Good in Future.

HNI book 62 CR

I don't See HNI Book Over 10000 CR

QIBs Fig. I will Get You tomorrow.


BRLM is Axis and IIFL, These have handled many issue on Past with Below Avg. Performance. If u leave Polycab and HDFC Group, otherwise they have Failed to catch Biggies.

Catholic Bank

Enjoy and Earn Healthy........

CSB Bank has finalised the allocation of 94,54,080 shares at Rs 195 apiece to 24 anchor investors, including five mutual funds. Based on the price, the total proceeds would be little over Rs 184 crore.
Omers Administration Corporation OAC Custody Account (SCV6), ICICI Prudential MF, SBI MF, Aditya Birla Sun Life Trustee, Axis MF, Sundaram MF, HSBC and Ashoka India Opportunities Fund are among the anchor investors.

CSB Bank
Anchors received Good Response of 2.5X till 3 PM.

GMPs 80/- Buying Tone

HNIs are Now Participating in this
HNIs Book 61.5 CR

@Arjun

I feel that USFB will list more than the current premium

According to a regulatory filing, CSB Bank has finalised the allocation of 94,54,080 shares at Rs 195 apiece to 24 anchor investors, including five mutual funds. Based on the price, the total proceeds would be little over Rs 184 crore. Omers Administration Corporation OAC Custody Account (SCV6), ICICI Prudential MF, SBI MF, Aditya Birla Sun Life Trustee, Axis MF, Sundaram MF, HSBC and Ashoka India Opportunities Fund are among the anchor investors. The shares are being sold to anchor investors at the upper end of the IPO price band of Rs 195

Key takeaways from CSB Bank Brokers' Meet

Capital adequacy at 22% has improved substantially post fair fax infusion.

Loan book has started to grow at 17-18%, this is helping in an increase in credit deposit ratio, which in turn is helping in better margins. Credit deposit ratio should continue to improve.

Current book mix - 33% is gold loan, 32% SME, 8% retail and 28% corporate.

Going forward growth will be driven by gold, msme and retail.

A new msme team from a private bank is joining this month to drive msme growth. 2 wheeler and gold loans there is already a very competitive team in place.

NIM has improved to 3.4% from 2.1% in FY16, margins should continue to improve via a better credit deposit ratio, a better loan book mix (gold loan yields are 12.5% and have an upward bias, MSME yields also upwards of 12%, - both the business should be growth drivers for them with their mix improving sharply)

Deposits- Bank has cut rates this year and despite the cut seen a 98% renewal rate in retail term deposits, this should help contain cost of funds at low levels. CASA ratio stands at 28%, management intends to take this to over 40% in next few years.

Operating costs- In last 2 years, employee base has reduced from 3000 to 1900, additionally now the bank is out of the IBA wage agreements, almost all its employees are on CTC basis. Management has reduced employee cost significantly, and they target further reduction. Current average salary per employee is 11.5 lac, where as new employees are being appointed at 3.5-4 lac, it expects a material reduction in costs of wages in next few years.
Also currently bank has 260 branches which won't be expanded in a big way, they will shut some branches and open new branches.

Cost Income ratio- FY19 cost income ratio was 102%, it included one time provisioning of 100 crore on account of VRS given to employees. Currently cost income ratio has improved to 66%, this should further see sharp improvement driven by higher income growth led by better margins and expansion in loan book, at the same time operating cost should be contained in account of continuous reduction in employee cost.

Asset Quality- currently GNPA is 2% with almost 80% Provision cover. All of the legacy problems have been more than addressed and no shocks is expected going ahead. In the new disbursement taken place in last 3 years, they have seen only one major NPA of 25 crore, and as such management is confident of asset quality of the new book. Credit costs are expected to be pretty controlled.

Promoter holding - Fairfax will own 49.7% stake post listing, it has to get this down to 40% in next 5 years, 30% in 10 years and 15% in next 15 years progressively.

Post heavy losses in FY18/19, CSB declares operating profit of 90 crore in H1FY20 and 44 crore of PAT. This implies 4.5% ROE.

Bank post issue Mcap is expected to be 3400 crore, it's net worth is about 2000 crore currently implying a P/BV of 1.7x TTM.

View- Quite honestly the sort of turnaround that the bank has achieved in past 18 months is nothing short of phenomenal. Profitability of the bank should see massive improvement in next 2 years driven by higher loan growth, better book mix, high margins and low cost income ratio. Bank can deliver mid teens ROE from FY22, and hence can command a premium to peers. Also CEO seems very confident on its ability to deliver better return ratios, management team quality is also very decent.

Thanks for your detail review. I found someone copy your review on other website topsharebroker

Thank you Ma'am.. :-)

Hello Aniket IAF Ji.

I hope you are doing well in life.. :-)

Eagerly waiting for your final Review on CSB Bank. :-)

As dates been confirmed, and GMP also getting stable.

Please post your final View..

Thank You.. :-)

Meaningful review by Eagleye Ma'am is available at this forum only.
A minimum 25 % listing gain should be there.
One can apply for all Short, Medium, Long term.
Thanks.

Thank you Boss.. :-)

केंद्र सरकार अगले महीने फिक्स्ड इनकम स्कीम एक्सचेंज ट्रेडेड फंड (ETF) की शुरुआत कर सकती है। इसमें करीब एक दर्जन सरकारी कंपनियां भी शामिल होंगी। ईटीएफ का दायरा करीब 15 हजार करोड़ से 20 हजार करोड़ रुपये हो सकता है।

https://www.moneycontrol.com/news/business/ipo/puranik-builders-files-fresh-ipo-papers-with-sebi-plans-to-raise-rs-1000cr-4662021.html

Gmp of csb bank is 74-76...
Apply for listing gain and also for long term....

UPI is mandatory only for Physical ASBA forms.. Online ASBA is still working .. Better to Use Phone Pe upi instead of Bhim App .. many application was rejected in IRCTC due to failure of mandate request in Bhim App..

Current GMP 50-55 .. Expected Listing Gain around 3750 Rs. per Lot.. Its advisable to apply after 3rd day Subscription figures as bank was loss making till March 2019...

Mr k l Patel Ko IRCTC bhie loss making lag Raha tha what happen every ipo is loss making!!?!!!

muje to kya kisiko bhi irctc loss making nahi lag raha tha, mene irctc ipo apply bhi kiya tha

Hello brothers,
Kindly always type your messages in proper ENGLISH only and not the HINDI CONVERSION IN ENGLISH LANGUAGE. Then everybody cannot understand the same. Thanks.

Hey EagleEye

Can you help us with upcoming IPOs list ? And companies having parent company to apply under shareholders category ?

Thanks in advance

GMPs

USFB 10 11
CSB 75 77

Rajkot

Eagle Eye Mam i have a query on Csb.i am holding Csb in grey mkt so i can't Apply from that same name.if i does some legal issue comes...is it the correct info...

Not correct

Since there is no official record is maintained for trades done in 'Grey market', it is not taken into account for 'multiple application'.

You may apply in official IPO issue irrespective of any position in 'Grey Market'.

One Hint:

One of the Bank will list below Premium and Another one with Huge Premium.

Find Out Which?

GMPs
USBF 10-11
CSB Bank 75-78

One will list above Grey and Another Below Grey..


Stay Tune

Arjun Patel
Rajkot Brokers Association

Dear Arjun Sir
Aapka Mangal Globle Enterprises K BARE M KYA VIEW H ,Kitne premium pr list ho sakta h ye

Sell SME On lisitng

Nothing Great in Company

Bandhan CAGR was higher than of Catholic.
Catholic is mainly Ofs nothing going to Company.

I have my UPI ID created however when I apply from bank ASBA then there is no option to enter UPI ID. Please suggest how to apply using UPI? Applications via net banking ASBA is not accepted?

SEBI has allowed existing mode of IPO application till 31st March 2020.

You can apply through Bank ASBA which is valid for application and no UPI ID required therein.

UPI Id is to be written only when application in physical form is being submitted.

Kya kar sakte hai CSB Bank Limited IPO mai?...

LATEST KOSTAK RATE 4600 RS BYER 76/78 RS PREMIUM

Dear friends Csb is a good enough company of 98 years experience...do apply for listing gains..if financial crisis stoppes here CSB Can Move like Rbl Bk after listing.