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Open
5 Feb 2007
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Close
9 Feb 2007
3
Allotment
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Listing
Thu, Mar 1, 2007
Price Band
₹77 to ₹91
Issue Size
8,59,50,000 shares (agg. up to ₹782 Cr)
Lot Size
75 Shares
Listing Date
Thu, Mar 1, 2007
✦ AI Insight
Live Subscription
| Category | Subscription (times) |
|---|---|
| Total | 32.10x |
Peer Comparison
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| Union Bank of India | Mainboard | ₹495.00 Cr | ₹110 | 7.04 | ₹121.55 | +10.50% | ₹168.46 (-0.15%) |
Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | 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 | |
| 2 | Issue expenses |
About Indian Bank IPO
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%.+ Read More
Contact Details
Indian Bank Address66, Rajaji SalaiChennai, Tamil Nadu, 600001+91 44 25260337investors@indianbank.co.inVisit Website