Prem Watsa's CSB Bank's ₹410 crore IPO subscribed 87 times on final day

CSB Bank's ₹410 crore Initial Public Offering was subscribed nearly 87 times on the final day. The Kerala-based lender had already raised about ₹184 crore from 24 anchor investors. Canadian billionaire Prem Watsa's Fairfax, which holds a 50.09% stake in CSB Bank, will see its stake reduce to 49.73%. The lender will have a post-IPO market cap of ₹3,382 crore.