A Success Story in IPO Exits | CSB Bank (Catholic Syrian Bank Limited)
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CSB Bank (Catholic Syrian Bank Limited) - A Success Story in IPO Exits:
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    CSB Bank (Catholic Syrian Bank Limited) - A Success Story in IPO Exits:

    04 August 2023

    In Dec. 2019, CSB Bank went public through an IPO, with a listing price of Rs.195. We gave mandate to buy share at Rs. 140 and ask to book profit at Rs. 350 in July 2021, which counts return of 150%.

    Financial Highlights for Q1 FY 24:

    ·  Interest income for the Q1 FY24 was Rs. 683.5 cr., up 28% YoY & 7% QoQ.

    ·  The Operating profit for the Q1 FY24 Rs. 181.4 cr., up by 17% YoY & -10% QoQ.

    ·  Q1 FY24 Profit after Tax (PAT) was at Rs. 132. cr., up by 15% YoY & -15% QoQ.