Catholic Syrian Bank which opened its IPO issue between November 22 and 26 to raise a total of Rs. 410 crore will list on bourses on Wednesday.
The Kerala based bank received overwhelming interest and was subscribed 86.89 times.
The category reserved for qualified institutional buyers (QIBs) was subscribed 62.18 times, non institutional investors 164.68 times and retail individual investors 44.25 times.
The price band of the IPO issue was fixed between Rs. 193- 195 per share.
Axis Capital and IIFL Securities were the managers to the offer.