CATHOLIC SYRIAN BANK PRE-IPO
UNLISTED SHARES ARE IN DEMAND NOW
Catholic Syrian Bank Ltd also pronounced as CSB, was
incorporated in year 1920 at Thrissur, Kerala. Catholic Syrian Bank Ltd initially for the first two decades focused is
operations only in the state of Kerala. During 1960, with strategies of
merger and acquisition Catholic Syrian Bank took over the assets and
liabilities of 5 small banks located in Kerala thereby initiating its expansion
plan. As on date since 2016, company owns around 429 branches and
240 ATMs network all across India.
IPO RECONSIDRATION:
Catholic Syrian Bank Ltd has filled draft prospect for IPO with SEBI
in March 2015 to raise Rs.400 Crs. Due to market condition not been favorable
for the IPO and other relevant factors board of directors did not proceed with
the IPO plan. But the company continues
to make preferential allotment per IPO which shall be available as offer for
sale when the IPO process is taken up once again. At the time of IPO
(2015-2016) news PE valuators had valued the company at Rs. 4000-4800 Crs.
Catholic Syrian Bank Ltd is once again considering for Initial Public Offering (IPO) after the deal with Prem Watsa failed due to pricing and
valuation differences. The
external agency appointed by CSB i.e. Catholic Syrian Bank Ltd arrived at a
valuation of Rs.165- 200 / per share plus a control premium of atleast 15%, this valuation was not acceptable
by Fairfax owned by Mr. Prem Watsa due to which the deal canceled off.
Currently management of CSB is seriously deciding upon the IPO and also
continues to explore a private stake sale.
Financial
Highlights – 2017 & 2016 (Fig. in crs)
|
Particulars
|
2017
|
2016
|
|
Total
Income
|
1617.5
|
1588
|
|
PAT
|
1.55
|
-150
|
|
EPS
|
0.19
|
-20.86
|
|
CAR
|
12.15%
|
10.55%
|
|
Gross
NPA
|
7.25%
|
5.62%
|
|
Net
NPA
|
5.51%
|
4.40%
|
|
ROA
|
0.01%
|
-0.92
|
|
EQ
|
81.01
|
71.76
|
|
FV
|
10
|
10
|
|
BV
|
123
|
124
|
|
Advances
|
8118
|
7852
|
|
Deposits
|
14911
|
14438
|
For buying and selling any unquoted /
unlisted / delisted or suspended shares in physical or demat you can reach us
at Contact No.91+ 09215709100 or Email us on mittalmanish2003@gmail.com
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