CSB Bank Limited which had tapped the capital markets with its simultaneous issue received overwhelming support and was 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 highest allocation has been made to Omers Administration Corporation who has been allotted 35,89,800 shares or 37.97% of the anchor allocation.

The cost of funding for the leveraged HNI is Rs 46-47 based on interest rate of 7.5%.

The full details of subscription are given below: –