FORTHCOMING IPO 2020

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CATHOLIC SYRIAN BANK

CSB Bank is one of the oldest private sector banks in India with a history of over 98 years and has a strong base in Kerala along with significant presence in Tamil Nadu, Karnataka, and Maharashtra. The bank offers a wide range of products and services to its overall customer base of 1.3 million as on 31 March 2019, with particular focus on SME, Retail, and NRI customers. CSB Bank delivers its products and services through multiple channels, including 414 branches (excluding three service branches and two asset recovery branches) and 277 ATMs spread across 16 states and four union territories as on 31 March 2019.

The bank has four principal business areas, namely, (a) SME banking, (b) retail banking, (c) wholesale banking, and (d) treasury operations.  It is in the process of rebranding itself to “CSB Bank Limited” and is re-aligning its organizational set-up for efficiently driving operations and business strategy. Under this strategy, branches will be responsible only for deposits, cross-selling and customer servicing and all loan products will be driven by dedicated teams, with each business team operating as a profit centre.

Promoters of CSB Bank – FIH Mauritius Investments Ltd

CSB Bank IPO detailsSubscription Dates22 – 26 November 2019

BURGER KING

Burger King India – one of the fastest growing QSR chains in India – has filed draft red herring prospectus (DRHP) with SEBI, seeking regulatory approvals for launching its IPO. As the national master franchisee of the Burger King brand in India, the company has exclusive rights to develop, establish, operate and franchise Burger King branded restaurants in India. Burger King India IPO will follow the well-laid path of equity offerings with share sale by promoters.

UJJIVAN SMALL FINANCE BANK

Ujjivan Financial Services Limited (UFSL) has received the approval of SEBI to float the IPO of its Small Finance Bank (SFB) subsidiary. The Bengaluru-based firm filed its Draft Red Herring Prospectus (DRHP) with the market regulator in August 2019. Ujjivan Small Finance Bank IPO aims to mobilize INR1,200 crore (INR12 billion) by issuing fresh shares.

The IPO proceeds will be used for augmenting the SFB’s capital base to meet future requirements, said its draft prospectus.

Since Ujjivan Small Finance Bank IPO will be following the massively subscribed IRCTC IPO, expectations will be running high at investors’ end. Here are five things you need to know about Ujjivan SFB:

SBI CREDIT CARD IPO

State Bank of India has initiated the process to sell 14 per cent stake in SBI Cards and is looking to raise Rs 8,000 crore through the public issue, valuing the company at Rs 57,000 crore,” said a source close to the development. “Both SBI and Carlyle will sell stakes in the IPO.

Equitas small finance Bank

Equitas Holdings plans to list its small finance bank (SFB) by March 2020 through the IPO route. The microfinance company was earlier seeking regulatory approvals to list the subsidiary without an IPO. However, the Securities and Exchange Board of India (SEBI) has turned down the request, effectively paving way for Equitas SFB IPO.
Ujjivan Small Finance Bank IPO gets SEBI nod, what you need to know

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