Kerala-based CSB Bank gets Sebi's go-ahead to float initial public offering
The private sector lender, which filed draft papers with the markets regulator in August, received its observations on October 1, latest update with Sebi showed
 "Kerala-based CSB Bank gets Sebi's go-ahead to float initial public offering")
premium
Kerala-based CSB Bank, formerly known as Catholic Syrian Bank, has received Securities and Exchange Board of India’s (Sebi’s) go-ahead to float an initial public offering (IPO).
The private sector lender, which filed draft papers with the markets regulator in August, received its observations on October 1, latest update with Sebi showed.
The observations are very important to any company for launching public issues like IPO, follow-on public offer and rights issue.
Through the offer, CSB Bank is looking to raise fresh capital by issuing shares worth Rs 30 crore apart from an offer for sale of 1.98 crore shares by existing shareholders.
One subscription. Two world-class reads.
Already subscribed? Log in
Subscribe to read the full story →*Subscribe to Business Standard digital and get complimentary access to The New York Times
Smart Quarterly
₹900
3 Months
₹300/Month
SAVE 25%
Smart Essential
₹2,700
1 Year
₹225/Month
SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months
Super Saver
₹3,900
2 Years
₹162/Month
Subscribe
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
SAVE 25%