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.
| IPO Opening Date | Feb 5, 2007 |
| IPO Closing Date | Feb 9, 2007 |
| Issue Type | Book Built Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹77 to ₹91 per equity share |
| Market Lot | 75 Shares |
| Min Order Quantity | 75 Shares |
| Listing At | BSE, NSE |
| Issue Size | 85,950,000 Eq Shares of ₹10 (aggregating up to ₹782.15 Cr) |
The Indian Bank IPO market lot size is 75 shares. A retail-individual investor can apply for up to 29 lots (2175 shares or ₹197,925).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 75 | ₹6,825 |
| Maximum | 29 | 2175 | ₹197,925 |
The Indian Bank IPO is subscribed 32.16x times on Feb 9, 2007 17:00. The public issue subscribed 3.18x in the retail category, 56.45x in the QIB category, and 8.36x in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | IPO Subscription |
|---|---|
| Total | 32.16x |
| Listing Date | Thursday, March 1, 2007 |
| BSE Script Code | 532814 |
| NSE Symbol | INDIANB |
| Listing In | B1 |
| ISIN | INE562A01011 |
| IPO Price | ₹91 per equity share |
| Face Value | ₹10 per equity share |
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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 a main-board IPO of 85,950,000 equity shares of the face value of ₹10 aggregating up to ₹782.15 Crores. The issue is priced at ₹77 to ₹91 per equity share. The minimum order quantity is 75 Shares.
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 lot size is 75 Shares and the minimum order quantity is 75 Shares.
You can apply in Indian Bank IPO online using either UPI or ASBA as 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 apply IPO online through Zerodha, Upstox, 5Paisa, Edelweiss, ICICI Bank, HDFC Bank and SBI Bank.
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.
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