Fairfax-backed CSB Bank fixes share price at Rs 193-195 for IPO on Nov 22

Fairfax-controlled CSB Bank, formerly known as Catholic Syrian Bank, has announced the launch of its around Rs 410 crore initial public offering (IPO). The Kerala-based private lender has fixed the share price band at Rs 193-195 which likely to hit market between November 22 and 26.

The bids for the offer can be applied for a minimum of 75 shares and its multiples.

The IPO will help the bank raise Rs 24 crore, as shareholders sell 19.78 million shares for Rs 385.71 crore via the offer for sale route.

Some of the shareholders include ICICI Lombard General Insurance, HDFC Life