CSB Bank Limited shares listed on the BSE and NSE and had a stellar performance gaining 53.90% on BSE and 53.97% on NSE. The company had tapped the capital markets with its simultaneous issue and received overwhelming support being subscribed 86.93 times. The fresh issue was for Rs 24 crs and the offer for sale for 1,97,78,298 equity shares. The price band was Rs 193-195. The issue was open from Friday the 22nd of November and closed on Tuesday the 26th of November.
The issue was subscribed 62.18 times by QIB’s, 164.68 times by HNI’s and 44.53 times by Retail investors, making a total subscription of 86.93 times. There were 10 lac applications and on the basis of number of forms, the issue was subscribed in retail by 35.70 times.
Earlier the company had allotted 94,54,080 shares to 13 anchor investors comprising of 24 entities at Rs 195. Five mutual funds have been allotted 31,54,125 shares in 16 schemes.
The discovered price on both the exchanges was Rs 275. The high of the day was Rs 307 on BSE and Rs 306.80 on NSE. The open itself was the low of the day on both exchanges. The close of the day was Rs 300.10, a gain of Rs 105.10 or 53.90% on the BSE. The close of the day on NSE was Rs 300.55, a gain of Rs 105.55 or 53.97%.
| Exchange | Open | High | Low | Close | Net Change | % Gain/ Loss | Wt.Avg | Volume | Delivery | Del %age |
| BSE | 275.00 | 307.00 | 275.00 | 300.10 | 105.10 | 53.90 | 295.07 | 4026792 | 1641015 | 40.75 |
| NSE | 275.00 | 306.80 | 275.00 | 300.25 | 105.25 | 53.97 | 295.22 | 37124672 | 9933567 | 26.76 |
| Total | 41151464 | 11574582 | 28.13 |
The traded volume was 40.27 lac shares on BSE and 371.24 lac shares on NSE. The combined volume was 411.54 lac shares which was 1.96 times the IPO size of 2.1 cr shares. Considering the non-anchor portion only the traded volume was 3.56 times the IPO size. Delivery volume was 115.74 lac shares which was 28.13% of the traded volume. It was 55.09% of the IPO size and an unbelievable 100.17 times of the non-anchor portion. This means that everyone who was allotted shares in the IPO has effectively sold shares and even then, delivery marked exceeds shares available. This should logically result in an auction on Friday when the pay in of trades happens.
The weighted average of the days was Rs 295.07 on BSE and Rs 295.22 on NSE. The share has closed comfortably above this level indicating no selling pressure in the last hour. The share has had a great debut and all categories of investors have made money.
