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    CSB Bank IPO listing: Here's how to check your share allotment status

    Synopsis

    Traders said the scrip is trading at a Rs 65-67 premium in the grey market.

    PTI
    Retail individual investors (RII) had bade for 44 times their quota limit in the issue that was sold between November 22 and 26.

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    NEW DELHI: After a stellar 87 times subscription to its IPO that saw frenzied bids by retail individual investors, CSB Bank is ready to make its market debut, probably on December 4.

    Traders said the scrip is trading at a Rs 65-67 premium in the grey market, which translates into 33-34 per cent upside over the upper end of the IPO price band of Rs 193-195.

    Retail individual investors (RII) had bade for 44 times their quota limit in the issue that was sold between November 22 and 26. Prospective investors can check their allotment status on the web portal of the registrar to the issue. In CSB Bank’s case, it is Link Intime.

    The registrar to an issue is a Sebi-registered entity, qualified to act as such, and which electronically processes all the applications and carries out the allotment process as per the prospectus. The registrar is responsible for complying with the time deadlines of updating the electronic credit of shares to the successful applicants, dispatch and uploading of refunds and attending to all investor-related queries after the issue is completed.

    Before CSB Bank’s strong show, IRCTC, Affle India and Polycab India were three public issues that saw over 50 times subscription this calendar. They all had strong market debut.

    While IRCTC climbed 101 per cent on its market debut to Rs 644, Affle India got listed at a 24.82 per cent premium to Rs 929 against its issue price of Rs 745 per share. Polycab India, on the other hand, got listed at an 18 per cent premium to issue price.
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