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

Indian Bank IPO Date Feb 5, 2007 to Feb 9, 2007
Indian Bank IPO Face Value ₹10 per share
Indian Bank IPO Price ₹77 to ₹91 per share
Indian Bank IPO Lot Size 75 Shares
Issue Size85,950,000 shares of ₹10
(aggregating up to ₹782.15 Cr)
Issue Type Book Built Issue IPO
Listing At BSE, NSE

Indian Bank IPO Lot Size

The Indian Bank IPO 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
Retail (Min) 1 75 ₹6,825
Retail (Max) 29 2175 ₹197,925

Indian Bank IPO Subscription Status (Bidding Detail)

The Indian Bank IPO is subscribed 32.16 times on Feb 9, 2007 5:00:00 PM. The public issue subscribed 3.18 times in the retail category, 56.45 times in the QIB category, and 8.36 times in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)

Indian Bank IPO Prospectus

Indian Bank IPO Rating

Rating:Rated 3.8 stars
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Indian Bank IPO Listing Date

Listing Date Thursday, March 1, 2007
BSE Script Code 532814
Listing In B1 Group of Securities
ISIN INE562A01011
IPO Price ₹91 per share
Face Value ₹10 per share

Listing Day Trading Information

IPO Price
Last Trade

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

Phone: +91-44-28460390

Indian Bank IPO Review

Indian Bank IPO Recommendation Summary

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Indian Bank IPO FAQs

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 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 .

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.

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

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379. heart |   Link |Mar 28, 2007 1:54:50 PM
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 |   Link |Mar 13, 2007 2:15:06 PM
Hai those who not got refund please mail to the following id

377. varun kumar singh |   Link |Mar 13, 2007 7:52:10 AM
hello friends, i have not received my refund cheque yet.
what's the procedure to know when the checque will come.
376. heart |   Link |Mar 8, 2007 9:25:23 PM
mail to registrar at, i just mail them for non receiving of refund.
375. Manickam |   Link |Mar 8, 2007 2:45:36 AM
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 |   Link |Mar 8, 2007 12:21:14 AM
is thr any chances of getting refund for Indian Bank
373. SubbaRao |   Link |Mar 6, 2007 12:08:09 AM

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 |   Link |Mar 5, 2007 12:56:20 AM
Dear Diwakar sir,
From where u r getting alotment status
371. TANUSHREE |   Link |Mar 4, 2007 8:44:08 AM
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 |   Link |Mar 4, 2007 1:28:00 AM
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 |   Link |Mar 3, 2007 11:04:31 AM
yet recd refund of power finance by cheque(because of a/c in saraswat)what to do?
368. heart |   Link |Mar 3, 2007 12:34:14 AM
Still waiting for refund
367. Divakar |   Link |Mar 2, 2007 10:37:44 PM
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 |   Link |Mar 2, 2007 8:07:48 PM
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 |   Link |Mar 2, 2007 9:59:53 AM
indian bank will touch 107 tommorow.all the best
364. deep |   Link |Mar 2, 2007 7:40:23 AM
i got my refund thru ECS.
363. manish |   Link |Mar 2, 2007 6:17:03 AM
hi friends,
Got refund through ECS today into my citibank account.
362. Philbi |   Link |Mar 2, 2007 3:51:10 AM
Can anyone Help me to find refund status of Indian Bank IPO from website?

Application No. 91100110

361. Prakash |   Link |Mar 2, 2007 2:49:45 AM
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 |   Link |Mar 2, 2007 1:24:25 AM
Today I received the refund through cheque.The cheque was issued from Chennai.