Fixed Price IPO | ₹230 Cr | Listed at BSE, NSE | Wed, Feb 25, 2004 - Thu, Mar 4, 2004
Bank of Maharashtra IPO is a fixed issue price of ₹230.00 crores. The issue is entirely a fresh issue of 10.00 crore shares of ₹230.00 crore.
Bank of Maharashtra IPO bidding started from Feb 25, 2004 and ended on Mar 4, 2004. The shares got listed on NSE and BSE on Apr 12, 2004.
Bank of Maharashtra IPO is set final issue price at ₹23 per share.
SBI Capital Markets Ltd. is the book running lead manager and MCS Share Transfer Agent Ltd. is the registrar of the issue.
Refer to for detailed Information.
IPO Open
Wed, Feb 25, 2004
IPO Close
Thu, Mar 4, 2004
Issue Price
₹23 per share
Market Cap (Pre-IPO)
To be declared
| IPO Date | 25 Feb to 4 Mar, 2004 |
| Listed on | Mon, Apr 12, 2004 |
| Face Value | ₹10 per share |
| Issue Price | ₹23 per share |
| Lot Size | |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 10,00,00,000 shares (agg. up to ₹230 Cr) |
| Fresh Issue | 10,00,00,000 shares (agg. up to ₹230 Cr) |
| Share Holding Pre Issue | 33,05,20,000 shares |
| Share Holding Post Issue | 43,05,20,000 shares |
| BSE Script Code / NSE Symbol | 532525 / MAHABANK |
| ISIN | INE457A01014 |
BANK OF MAHARASHTRA IPO comprises a total issue size of 10,00,00,000 shares. The net offer to the public is 9,00,00,000 shares, after excluding 1,00,00,000 shares under a preferential allotment. Of the Net offer 4,50,00,000 (50.00%) allocated to NII 4,50,00,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 4,50,00,000 | 50.00% | 45.00% |
| Retail Shares Offered | 4,50,00,000 | 50.00% | 45.00% |
| Preferential Reservations | |||
| Employee Shares Offered | 1,00,00,000 | 10.00% | |
| Total Shares Offered | 10,00,00,000 | 100.00% | 100.00% |
| Category | Limit | Cut-off |
|---|---|---|
| RII | Up to ₹2 Lakhs | Yes |
| sNII | ₹2 Lakhs – ₹10 Lakhs | No |
| bNII | Above ₹10 Lakhs | No |
| Employee (EMP) | Up to ₹2 Lakhs | Yes |
| Employee + RII/NII | Up to ₹2Lakhs (EMP) + RII/NII limits | Yes (EMP/RII) |
Incorporated in 1935, Bank of Maharashtra is a public sector bank engaged in providing a wide range of banking and financial services across India. The bank offers services including retail banking, corporate banking, agricultural finance, MSME lending, treasury operations, and digital banking solutions.
The bank serves diversified industries such as steel and auto, diamond and jewellery, petroleum, chemicals and pharmaceuticals, power, hotels, education, infrastructure, and housing sectors. It has also entered into a co-financing arrangement with EXIM Bank of India for project exports.
Bank of Maharashtra operates through an extensive branch network across multiple states and union territories in India. As of September 30, 2003, the bank operated 1,251 branches across 21 states and 2 union territories.
The bank also sponsors Regional Rural Banks (RRBs) as part of its rural development initiatives and acts as the convenor of the State Level Bankers’ Committee for Maharashtra.
| Period Ended | 31 Mar 2003 | 31 Mar 2002 | 31 Mar 2001 |
|---|---|---|---|
| Assets | 24,891.04 | 21,583.49 | 19,140.30 |
| Total Income | 2,442.15 | 2,305.58 | 1,928.27 |
| Profit After Tax | 222.02 | 156.27 | 46.47 |
| Reserves and Surplus | 617.61 | 480.24 | 347.86 |
| Amount in ₹ Crore | |||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | To augment the capital base of the Bank to meet its future capital adequacy requirements | |
| 2 | To augment the long-term resources of the Bank. | |
| 3 | To list the shares of the Bank on the various Stock Exchanges as specified elsewhere. | |
| 4 | To meet the expenses of the Issue. | |
| Total | 0.00 |
| KPI | Mar 31, 2003 |
|---|---|
| RoNW | 25.25% |
| Pre IPO | Post IPO | |
|---|---|---|
| Promoter Holding | 100% | 76.772275% |
The Bank of Maharashtra IPO IPO subscription status. Full data available on IPOMatrix.com.
| Category | Subscription (times) | Shares Offered | Shares bid for | |
|---|---|---|---|---|
| Total | 10.36 | 10,00,00,000 | 1,03,62,67,400 | |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Lead Managers fees, Out of Pocket Expenses and Brokerage | 4.25 |
| 2 | Advertisement budget | 3.80 |
| 3 | Printing & Stationery | 1.00 |
| 4 | Registrar fees | 0.25 |
| 5 | Travelling for conference and other expenses | 0.50 |
| 6 | Contingencies | 1.50 |
| Total | 11.30 |
| Price Details |
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| Final Issue Price |
| Open |
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Bank of Maharashtra IPO is a main-board IPO of 10,00,00,000 equity shares of the face value of ₹10 aggregating up to ₹230 Crores. The issue is priced at ₹23 per share. The minimum order quantity is .
The IPO opens on Wed, Feb 25, 2004, and closes on Thu, Mar 4, 2004.
MCS Share Transfer Agent Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Bank of Maharashtra IPO using UPI as a payment gateway. Zerodha customers can apply in Bank of Maharashtra IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Bank of Maharashtra IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Bank of Maharashtra IPO opens on Wed, Feb 25, 2004 and closes on Thu, Mar 4, 2004.
Bank of Maharashtra IPO lot size and the minimum order quantity is not available at this time. Please check again later.
You can apply in Bank of Maharashtra IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Bank of Maharashtra IPO will be done on Wednesday, March 31, 2004, and the allotted shares will be credited to your demat account by . Check the Bank of Maharashtra IPO allotment status.
The Bank of Maharashtra IPO listing date is on .
