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CSB Bank Makes Market Debut At 41% Premium Than Issue Price
On Wednesday, shares of CSB Bank have listed at a premium of Rs 41.03 percent over its issue price at Rs 275 apiece on BSE. On the higher side of the price band, the issue price of the company at its initial public offering was at Rs 195.
The IPO that was open between 22 and 26 November, was subscribed 87 times. The retail individual investors' segment saw huge demand where bids were made for 44 times the quota limit.
The stock surged as much as 56 percent in trade on the first day of its listing to an intraday high of Rs 304.
In 2019, IPOs of IRCTC, Affle India and Polycab India were also subscribed over 50 times who also made eventual strong market debuts.
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