Incorporated on March 5, 1907, Indian Bank is a leading public sector banking institution with the largest network of branches in the state of Tamil Nadu. As of September 30, 2006, Indian Bank had 1,408 branches in India spread over 26 states and 3 union territories. Indian Bank also has a branch in Singapore and a branch and foreign currency banking unit in Colombo, Sri Lanka.
In Fiscal 2006, Indian Bank made a net profit of Rs. 4,894.00 million and had assets of Rs. 474,115.55 million and net worth of Rs. 22,676.80 million.
Indian Bank nationalised in 1969 along with 13 other major commercial banks in India and are currently wholly-owned by the Government of India. After this Issue, the Government of India’s shareholding in the Bank will be reduced to 80%.
The objects of the Issue are to achieve the benefits of listing on the Stock Exchanges and to raise capital to
1. Meet the future capital requirements arising out of the implementation of the Basel II standards and the growth in assets, primarily loan and investment portfolio due to the growth of the Indian economy;
2. Development infrastructure to support business growth and service customers.
| Issue Open | Feb 5, 2007 - Feb 9, 2007 |
| Issue Type | Book Built Issue IPO |
| Issue Size | 85,950,000 Eq Shares of ₹10 (aggregating up to ₹782.15 Cr) |
| Face Value | ₹10 Per Equity Share |
| Issue Price | ₹77 - ₹91 Per Equity Share |
| Market Lot | 75 Shares |
| Min Order Quantity | 75 Shares |
| Listing At | BSE, NSE |
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 75 | ₹6,825 |
| Maximum | 29 | 2175 | ₹197,925 |
No. of Times Issue Subscribed (BSE + NSE) | ||||||
|---|---|---|---|---|---|---|
As on Date & Time | QIB | NII | RII | Employee | Others | Total |
Shares Offered | - | - | - | - | - | - |
Feb 9, 2007 17:00 | 56.45x | 8.36x | 3.18x | 0.63x | 32.16x | |
| Listing Date | Thursday, March 1, 2007 |
| BSE Script Code | 532814 |
| NSE Symbol | INDIANB |
| Listing In | B1 |
| ISIN | INE562A01011 |
| Issue Price | ₹91 Per Equity Share |
| Face Value | ₹10 Per Equity Share |
|
|
|
Indian Bank
Indian Bank,
66, Rajaji Salai,
Chennai 600 001, India
Phone: +91 44 25260337
Email: investors@indianbank.co.in
Website: http://www.indianbank.in/
Cameo Corporate Services Limited
Cameo Corporate Services Ltd.,
Subramanian Building # 1, Club House Road,
Chennai 600 002 - India
Phone: +91-44-28460390
Email: cameo@cameoindia.com
Website: https://online.cameoindia.com/
Indian Bank IPO is an main-board initial public offering of 85,950,000 equity shares of the face value of ₹10 aggregating up to ₹782.15 Crores.
The issue price of the IPO is ₹77 - ₹91 Per Equity Share. The minimum order quantity is 75 Shares per application and the offer type is Book Built Issue.
The IPO opens on Feb 5, 2007 and closes on Feb 9, 2007.
Cameo Corporate Services Limited is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
The Indian Bank IPO opens on Feb 5, 2007 and closes on Feb 9, 2007.
Indian Bank IPO application can be done through banks using ASBA online or through stock brokers trading account using UPI. All popular banks i.e. HDFC, ICICI, and SBI offer online IPO applications. An investor can also apply directly through their broker (i.e. Zerodha, Sharekhan) using UPI as a payment method.
The finalization of Basis of Allotment for Indian Bank IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Indian Bank IPO allotment status.
Guaranteed Save 60% to 90% Brokerage
You could reduce the brokerage cost significantly by moving to another stock broker. Our expert team compared top share brokers in India to help traders. STOP paying Demat AMC, Brokerage in %, PCM Fee and High Stamp Duty today.
We can help you choosing the right broker. Contact us today...
Useful Articles
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Best of
Top Stock Brokers in India Top 10 Discount Brokers Top 10 Full-Service Brokers Lifetime Free Demat Account Best Broker for Beginners More Reports...Reviews (Discount Broker)
5paisa (₹10/trade) Zerodha (₹20/trade) ProStocks (₹899 Unlimited) Upstox RKSV (₹20) Edelweiss (₹10 per Trade) More Brokers...Compare Brokers
Broker Articles / Tutorials Compare Share Brokers Side-by-Side Comparison Broker Complaints Monitor Broker Glossary Special OffersTrading Platform Reviews
Zerodha Kite Review Sharekhan TradeTiger Omnesys NEST Review ODIN Review NSE NOW Review More Reviews...Message Board
Stock Message BoardOptions Basics
Options Overview Benefits & Risks of Options Options Pricing More Articles... Options Trading FAQs Options Trading GlossaryBroker Reviews
Zerodha Review 5paisa Review ProStocks Review Sharekhan Review Angel Broking Review ICICI DirectOptions Trading Platform
Kite Zerodha Trade Tiger Sharekhan Omnisys NEST Upstox RKSV Fyers One Fyers ScalperT FinvasiaHistory of Chittorgarh
History of Chittorgarh Maharana Pratap Meera Bai Panna Dhai Rani Padmini Jainism & Chittor (Hindi)Chittorgarh City Info
Chittorgarh City Map Hotels / Resorts Sainik School Chittorgarh Cement Industry Hindustan Zinc
