CSB Bank makes a mega debut on stock exchange
Mumbai/IBNS: Kerala based CSB Bank witnessed a mega debut at the stock exchange today, media reports said.
The shares of the bank jumped 57 per cent to Rs 307 from the issue price of Rs 195 on BSE.
CSB Bank IPO was open from Nov 22 and Nov 26 was subscribed 87 times. The stock was listed at Rs 275, 41 per cent higher, and went on to make gains, finally settling at Rs 300, 54 per cent higher.
According to reports, CSB Bank received bids for over 100 crore shares against the 1.15 crore shares on offer.
CSB Bank was earlier known as Catholic Syrian Bank.
The bank today informed the stock exchanges that it had extended the term of CVR Rajendran as MD and CEO for another three years, reports added.
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