New Delhi: The Catholic Syrian Bank is expected to finalise the allotment of its shares on Monday, stated a report. Investors are requested to keep a tab on the official website of Link Intime India Private Limited (the registrar to the offer) in order to check their allotment status.
The IPO allotment of shares and the transfer of shares will be managed by the registrars in line with the guidelines issued by the Securities and Exchange Board of India (SEBI). A single CSB share was priced at Rs 193 to 195. Meanwhile, the listing of CSB shares is expected to take place on December 4, 2019, stated a report.
Note that CSB had issued its initial public offering from November 22 to 26. Within such a short span of the issue of shares, the bank received subscriptions of more than 100 crore shares. The oversubscription was 87 times larger than the total issue of 1.15 crore shares, stated a report by the Live Mint. Due to the over-subscription of Rs 410 crore IPO, the share allotment will take place as per predefined rules.