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

IPO Opening DateFeb 5, 2007
IPO Closing DateFeb 9, 2007
Issue TypeBook Built Issue IPO
Face Value₹10 per equity share
IPO Price₹77 to ₹91 per equity share
Market Lot75 Shares
Min Order Quantity75 Shares
Listing AtBSE, NSE
Issue Size85,950,000 Eq Shares of ₹10
(aggregating up to ₹782.15 Cr)

Indian Bank IPO Lot Size

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).

ApplicationLotsSharesAmount (Cut-off)

Indian Bank IPO Subscription Status (Bidding Detail)

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)

CategoryIPO Subscription


Indian Bank IPO Prospectus

Indian Bank IPO Rating

Rating:Rated 3.8 stars

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Indian Bank IPO Listing Date

Listing DateThursday, March 1, 2007
BSE Script Code532814
Listing InB1 Group of Securities
IPO Price₹91 per equity share
Face Value₹10 per equity share

Listing Day Trading Information

IPO Price
Last Trade

Indian Bank IPO Reviews / Ratings

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Company Contact Information

Indian Bank
Indian Bank,
66, Rajaji Salai,
Chennai 600 001, India

Phone: +91 44 25260337

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

Indian Bank IPO FAQs

  1. What is Indian Bank IPO?

    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.

  2. When Indian Bank IPO will open?

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

  3. What is the lot size of Indian Bank IPO?

    Indian Bank IPO lot size is 75 Shares and the minimum order quantity is 75 Shares.

  4. How to apply for Indian Bank IPO?

    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.

  5. 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.

  6. When is Indian Bank IPO listing date?

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

Indian Bank IPO Message Board

Ranked Members  Ranked Members

379. heart |Mar 28, 2007 13:54
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.
378. Manickam |Mar 13, 2007 14:15
Hai those who not got refund please mail to the following id

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

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.

Subba Rao
372. john |Mar 5, 2007 00:56
Dear Diwakar sir,
From where u r getting alotment status
371. TANUSHREE |Mar 4, 2007 08:44
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.
370. parvaziya.k |Mar 4, 2007 01:28
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".
369. manish |Mar 3, 2007 11:04
yet recd refund of power finance by cheque(because of a/c in saraswat)what to do?
368. heart |Mar 3, 2007 00:34
Still waiting for refund
367. Divakar |Mar 2, 2007 22:37
Application No 91100110
Alloted Shares 186
Refund Amount 31674
Refund Order No 171393
Registered Post No 78793
Refund Order despatched on 23/02/2007

Application No 62461392
Alloted Shares 106
Refund Amount 17654
Refund Order No 20349
Refund Mode ECS

Application No 13226359
Alloted Shares NIL
Refund Amount 13650
Refund Order No 111793
Refund Mode ECS

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

366. Prasanna |Mar 2, 2007 20:07
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 ....
365. manish |Mar 2, 2007 09:59
indian bank will touch 107 tommorow.all the best
364. deep |Mar 2, 2007 07:40
i got my refund thru ECS.
363. manish |Mar 2, 2007 06:17
hi friends,
Got refund through ECS today into my citibank account.
362. Philbi |Mar 2, 2007 03:51
Can anyone Help me to find refund status of Indian Bank IPO from website?

Application No. 91100110

361. Prakash |Mar 2, 2007 02:49
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 .
360. Binod |Mar 2, 2007 01:24
Today I received the refund through cheque.The cheque was issued from Chennai.


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