The CSB Bank IPO has been open for investment from 22nd November 2019 and on day one of its subscriptions, the Catholic Syrian Bank received a 100 per cent subscription, which reflects the strong response it has received from the stock market investors. According to share market experts, the Kerala-based bank is expected to perform very well on its listing day as it has a strong promotor - Prem Watsa led Fairfax behind it. Watsa factor is one of the major reasons for share market investors pumping their money into the CSB Bank. According to them, if an investor gets the CSB Bank IPO allocation, he or she should book profit at around Rs 280-300 and after 10 per cent correction caused by the profit-booking, one should re-enter and hold the CSB Bank shares for around two years and maximise the return on their money.

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Speaking on the CSB Bank IPO Avinash Gorakshakar, Research Head, Joindre Capital Services said, "The CSB Bank IPO has the strong backing of the PE firm Fairfax. They are promoters of the CSB Bank and its strong backing is one of the major reasons for the CSB Bank IPO to perform well at the stock exchange from subscription to the listing." Gorakshakar went on to add that in 10-12 months CSB Bank's asset quality numbers are suggesting strong fundamentals for the Kerala-based bank and hence if a stock market investor gets the CSB Bank IPO on the allocation date, he or she shouldn't exit from the CSB Bank shares in a hurry. They should hold the CSB Bank shares for the next two years. If they do that, they will get maximum return on their money, said Gorakshakar.

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Standing in sync with Avinash Gorakshakar's views Prakash Pandey, MD & CEO at Plutus Advisors said, "Prem Watsa and Fairfax are the two strong tags that are helping CSB Bank IPO's strong subscription to a strong opening on its listing day. In my opinion, if someone gets the CSB Bank IPO allocated, he or she should book profit when it hits Rs 280-300 range and re-enter at around 10 per cent correction from their exit levels." Pandey said that around Rs 280-300 levels, profit booking is expected to trigger and hence it will give share market investors to re-enter into the CSB Bank shares for the long-term, say around two years to maximise the return on their money.

Important Dates and numbers for CSB Bank IPO
The CSB Bank IPO will remain open for investment from 22nd November to 26th November 2019. The price band for the CSB Bank IPO has been fixed between Rs 193 and Rs 195 per stock. Lot size of the CSB Bank IPO is 75, which means the minimum bid would be of 75 CSB Bank shares and the bid can be raised in multiple of 75 CSB Bank shares. Elaborating upon the details of the CSB Bank IPO allocation and other details Axis Capital said that allocation of the CSB Bank IPO will be done on December 2nd while the allocated shares will be credited into the allottees Demat Account on December 3rd.