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Open
16 Jan 2006
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Close
20 Jan 2006
3
Allotment
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Listing
Tue, Feb 7, 2006
Price Band
₹82 to ₹90
Issue Size
8,50,00,000 shares (agg. up to ₹765 Cr)
Listing Date
Tue, Feb 7, 2006
✦ AI Insight
Live Subscription
| Category | Subscription (times) |
|---|---|
| Total | 10.68x |
Restated Financials (₹ Cr.)
| Period Ended | 30 Sep 2005 | 31 Mar 2005 | 31 Mar 2004 | 31 Mar 2003 |
|---|---|---|---|---|
| Assets | 35,079.12 | 32,720.00 | 27,008.89 | 24,681.96 |
| Total Income | 1,447.66 | 3,026.81 | 2,905.31 | 2,798.66 |
| Profit After Tax | 203.31 | 582.19 | 427.73 | 395.01 |
| NET Worth | 2,046.38 | 1,890.42 | 1,416.75 | 1,107.45 |
| Reserves and Surplus | 1,655.06 | 1,499.10 | 1,016.81 | 707.45 |
| Amount in ₹ Crore |
Peer Comparison
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| Bank of Baroda | Mainboard | ₹1,633.00 Cr | ₹230 | null | ₹233.70 | +1.61% | ₹246.80 (-0.60%) |
| Syndicate Bank | Mainboard | ₹250.00 Cr | ₹50 | null | ₹71.25 | +42.50% | (+0.00%) |
| Oriental Bank of Commerce | Mainboard | ₹1,450.00 Cr | ₹250 | 7.02 | ₹257.40 | +2.96% | (+0.00%) |
| Allahabad Bank | Mainboard | ₹820.00 Cr | ₹82 | 6.14 | ₹76.20 | -7.07% | (+0.00%) |
| Punjab National Bank | Mainboard | ₹3,120.00 Cr | ₹390 | 9.33 | ₹387.90 | -0.54% | ₹105.77 (+0.57%) |
Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | The objects of the Issue are to augment the capital base to meet the future capital requirements arising out of the implementation of the Basel II standards and the growth in the assets, primarily the loan and investment portfolio due to the growth of the Indian economy and for other general corporate purposes including meeting the expenses of the Issue. | |
| Total | 0.00 |
About Andhra Bank FPO
Incorporated in 1923, Andhra Bank is a public sector bank engaged in providing a wide range of banking and financial services, including retail banking, corporate banking, and treasury operations. The bank operates an extensive branch network across India, with a strong presence in Andhra Pradesh. As of September 30, 2005, the bank had 1,177 branches across 21 states and 2 union territories, along with 526 additional delivery channels such as ATMs, extension counters, and satellite offices, serving over 13.9 million customers. The bank reported total assets of ₹350,791.21 million and a net worth of ₹20,463.75 million as of September 30, 2005. It has demonstrated consistent growth in deposits and advances, with a CAGR of 10.78% in deposits and 23.94% in net advances over the preceding four years. Founded by Dr. Bhogaraju Pattabhi Sitaramayya in Machilipatnam, the bank is headquartered in Hyderabad. It became a wholly owned Government bank following nationalisation in 1980 and later diluted government shareholding through a public issue in 2001. The bank also holds lead bank responsibilities in select districts of Andhra Pradesh and Odisha.+ Read More
Contact Details
Andhra Bank AddressDr.Pattabhi Bhavan5-9-11SaifabadHyderabad, Telangana, 50000491 40 2323 088eco@andhrabank.co.inVisit Website