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L&L, AZB act on $56m Catholic Syrian Bank IPO

Shares of CSB Bank made a strong debut by listing at Rs 275, a 41 per cent premium against its issue price of Rs 195 per share on the NSE on Wednesday. Fairfax-backed CSB Bank’s Rs 410-crore initial public offering (IPO) was subscribed a whopping 86.89 times last month. The category reserved for qualified institutional buyers (QIBs) was subscribed 62.18 times, non institutional investors (NIIs) 164.68 times and retail individual investors quota was subscribed 44.25 times, the exchange data shows.

Business Standard

L&L Partners advised the book running lead managers, Axis Capital Limited and IIFL Securities Limited, led by a team of partner Geeta Dhania, assisted by associates Rushab Dhandokia, Sadhvi Sood, Tripti Pandey, Ananya Mishra and Prarthna Bathija.

AZB & Partners advised CSB Bank and FIH Mauritius Investments Ltd led by a team including senior partner Varoon Chandra, partners Ami Pareek, Lionel D’Almeida, Roxanne Anderson, Rinki Ganguli and Richa Choudhary, as well as senior associates Sweta Ananthanarayanan and Rahul Aggarwal, and associates Avanti Kale, Vivek Narang, Bharat Mordani, Maitreya Rajurkar and Kartik Choudhary.


Deal value: INR 4,096 million

This deal report is based on a firm's press release and may be only partially complete. Some firms or names of advisers may be therefore be missing.

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