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Shares of CSB Bank made a strong debut by listing at Rs 275, a 41 per cent premium against its issue price of Rs 195 per share on the NSE on Wednesday.
Minutes later, the stock extended its gains and rallied 57 per cent to hit a high of Rs 306.80 on the exchange. On the BSE, too, shares hit a high of Rs 307. The stock closed the day with a sharp premium of 54 per cent, against the issue price.
Fairfax-backed CSB Bank’s Rs 410-crore initial public offering (IPO) was subscribed a whopping 86.89 times last month.
Minutes later, the stock extended its gains and rallied 57 per cent to hit a high of Rs 306.80 on the exchange. On the BSE, too, shares hit a high of Rs 307. The stock closed the day with a sharp premium of 54 per cent, against the issue price.
Fairfax-backed CSB Bank’s Rs 410-crore initial public offering (IPO) was subscribed a whopping 86.89 times last month.
