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Indian Bank IPO (Indian Bank IPO) Detail

Feb 5, 2007 - Feb 9, 2007

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%.

Objects of the Issue:

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.

Indian Bank IPO Details

Issue OpenFeb 5, 2007 - Feb 9, 2007
Issue TypeBook Built Issue IPO
Issue Size85,950,000 Eq Shares of ₹10
(aggregating up to ₹782.15 Cr)
Face Value₹10 Per Equity Share
Issue Price₹77 - ₹91 Per Equity Share
Market Lot75 Shares
Min Order Quantity75 Shares
Listing AtBSE, NSE

Indian Bank IPO Lot Size and Price (Retail)

ApplicationLotsSharesAmount (Cut-off)
Minimum175₹6,825
Maximum292175₹197,925

Indian Bank IPO Subscription Status (Bidding Detail)

Indian Bank IPO how much subscribed?

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

Indian Bank IPO Prospectus

Indian Bank IPO Rating

114
3.8
Rating:Rated 3.8 stars

Vote Here ...

Indian Bank IPO Listing Date

Listing DateThursday, March 1, 2007
BSE Script Code532814
NSE SymbolINDIANB
Listing InB1
ISININE562A01011
Issue Price₹91 Per Equity Share
Face Value₹10 Per Equity Share

Listing Day Trading Information

.
Issue Price
Open
Low
High
Last Trade
Volume
BSE
₹91.00
₹105.00
₹77.00
₹105.00
₹98.30
30,810,511
NSE
₹91.00
₹93.90
₹75.00
₹100.25
₹98.35
54,802,922

Indian Bank IPO Reviews / Ratings

Business Line - Invest at cut-off.

Company Contact Information

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/

Indian Bank IPO Registrar

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 FAQs

  1. 1. What is Indian Bank IPO?

    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.

  2. 2. When Indian Bank IPO will open?

    The Indian Bank IPO opens on Feb 5, 2007 and closes on Feb 9, 2007.

  3. 3. How to apply for Indian Bank IPO?

    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.

  4. 4. When Indian Bank IPO allotment?

    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.

  5. 5. When is Indian Bank IPO listing date?

    The Indian Bank IPO listing date is on Thursday, March 1, 2007, at BSE, NSE.

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Indian Bank IPO Review / Comments

heart
379. heart  Mar 28, 2007 13:54 I Like It. | Report Abuse
is anyone left to get back the refund from indian bank, i hv not still recd my refund even after lots of mailing to cameo.
Manickam
378. Manickam  Mar 13, 2007 14:15 I Like It. | Report Abuse
Hai those who not got refund please mail to the following id
investor@cameoindia.com

varun kumar singh
377. varun kumar singh  Mar 13, 2007 07:52 I Like It. | Report Abuse
hello friends, i have not received my refund cheque yet.
what's the procedure to know when the checque will come.
heart
376. heart  Mar 8, 2007 21:25 I Like It. | Report Abuse
mail to registrar at cameo@cameoindia.com, i just mail them for non receiving of refund.
Manickam
375. Manickam  Mar 8, 2007 02:45 I Like It. | Report Abuse
the refund order sent to me by regd.post was gone back due to old address. for that whom shall i contact to get refund.
heart
374. heart  Mar 8, 2007 00:21 I Like It. | Report Abuse
is thr any chances of getting refund for Indian Bank
SubbaRao
373. SubbaRao  Mar 6, 2007 00:08 I Like It. | Report Abuse
Hi,

Any one can please let me know, is there any chance the Indian Bank to reach 120/- with in two months?

Please let me know.

Regards
Subba Rao
john
372. john  Mar 5, 2007 00:56 I Like It. | Report Abuse
Dear Diwakar sir,
From where u r getting alotment status
TANUSHREE
371. TANUSHREE  Mar 4, 2007 08:44 I Like It. | Report Abuse
indian bank to go down soon.sell it immediately.remeber what happened with andhra bank.sell it if u have profits and buy mindtree on listing.
parvaziya.k
370. parvaziya.k  Mar 4, 2007 01:28 I Like It. | Report Abuse
i have been alloted some shares of indian bank in ipo.please tell me," what is the expected price target and how long should i wait for it".
manish
369. manish  Mar 3, 2007 11:04 I Like It. | Report Abuse
yet recd refund of power finance by cheque(because of a/c in saraswat)what to do?
heart
368. heart  Mar 3, 2007 00:34 I Like It. | Report Abuse
Still waiting for refund
Divakar
367. Divakar  Mar 2, 2007 22:37 I Like It. | Report Abuse
INDIAN BANK
Name PHILBI RAMATH GOPALAN
Application No 91100110
Alloted Shares 186
Refund Amount 31674
Refund Order No 171393
Registered Post No 78793
Refund Order despatched on 23/02/2007


INDIAN BANK
Name PRAKASH B
Application No 62461392
Alloted Shares 106
Refund Amount 17654
Refund Order No 20349
Refund Mode ECS

INDIAN BANK
Name ABHA KUMARI CHHABRA
Application No 13226359
Alloted Shares NIL
Refund Amount 13650
Refund Order No 111793
Refund Mode ECS

INDIAN BANK
Name TANU GUPTA
Application No 13225977
Alloted Shares 318
Refund Amount 52962
Refund Order No 109852
Registered Post No 5656
Refund Order despatched on 23/02/2007



Prasanna
366. Prasanna  Mar 2, 2007 20:07 I Like It. | Report Abuse
Hi all,

Bank IPO's will give really good returns in a Long term perspective say 3 years down the line.I experienced this with Canara bank shares which was bought at 35 rs/share and it had touched 305 in 3 years..So hold it for 3 years and njoy 10 times the benefit ....
manish
365. manish  Mar 2, 2007 09:59 I Like It. | Report Abuse
indian bank will touch 107 tommorow.all the best
deep
364. deep  Mar 2, 2007 07:40 I Like It. | Report Abuse
i got my refund thru ECS.
manish
363. manish  Mar 2, 2007 06:17 I Like It. | Report Abuse
hi friends,
Got refund through ECS today into my citibank account.
Philbi
362. Philbi  Mar 2, 2007 03:51 I Like It. | Report Abuse
Can anyone Help me to find refund status of Indian Bank IPO from website?

Application No. 91100110

Thanks
Prakash
361. Prakash  Mar 2, 2007 02:49 I Like It. | Report Abuse
Can anybody tell me the status of my application no.62461392 . I had applied for 300 shares . I have not recieved the refund nor the allotment letter .
Binod
360. Binod  Mar 2, 2007 01:24 I Like It. | Report Abuse
Today I received the refund through cheque.The cheque was issued from Chennai.



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