Bookbuilding FPO | ₹765 Cr | Listed at BSE, NSE | Mon, Jan 16, 2006 - Fri, Jan 20, 2006
Andhra Bank FPO is a book build issue of ₹765.00 crores. The issue is entirely a fresh issue of 8.50 crore shares of ₹765.00 crore.
Andhra Bank FPO bidding started from Jan 16, 2006 and ended on Jan 20, 2006. The shares got listed on NSE and BSE on Feb 7, 2006.
Andhra Bank FPO is set final issue price at ₹90 per share.
SBI Capital Markets Ltd. is the book running lead manager and MCS Share Transfer Agent Ltd. is the registrar of the issue.
Refer to Andhra Bank FPO RHP for detailed Information.
FPO Open
Mon, Jan 16, 2006
FPO Close
Fri, Jan 20, 2006
Issue Price
₹90 per share
Market Cap (Pre-IPO)
₹4,365.00 Cr
| IPO Date | 16 to 20 Jan, 2006 |
| Listed on | Tue, Feb 7, 2006 |
| Face Value | ₹10 per share |
| Price Band | ₹82 to ₹90 |
| Issue Price | ₹90 per share |
| Lot Size | |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding FPO |
| Listing At | BSE, NSE |
| Total Issue Size | 8,50,00,000 shares (agg. up to ₹765 Cr) |
| Fresh Issue | 8,50,00,000 shares (agg. up to ₹765 Cr) |
| Share Holding Pre Issue | 40,00,00,000 shares |
| Share Holding Post Issue | 48,50,00,000 shares |
| BSE Script Code / NSE Symbol | 532418 / ANDHRABANK |
| ISIN | INE434A01013 |
Andhra Bank FPO comprises a total issue size of 8,50,00,000 shares. The net offer to the public is 7,65,00,000 shares, after excluding 85,00,000 shares under a preferential allotment. Of the Net offer 3,82,50,000 (50.00%) are allocated to QIB, 1,14,75,000 (15.00%) allocated to NII 2,67,75,000 (35.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| QIB Shares Offered | 3,82,50,000 | 50.00% | 45.00% |
| NII (HNI) Shares Offered | 1,14,75,000 | 15.00% | 13.50% |
| Retail Shares Offered | 2,67,75,000 | 35.00% | 31.50% |
| Preferential Reservations | |||
| Employee Shares Offered | 85,00,000 | 10.00% | |
| Total Shares Offered | 8,50,00,000 | 100.00% | 100.00% |
| Category | Limit | Cut-off |
|---|---|---|
| RII | Up to ₹2 Lakhs | Yes |
| sNII | ₹2 Lakhs – ₹10 Lakhs | No |
| bNII | Above ₹10 Lakhs | No |
| Employee (EMP) | Up to ₹2 Lakhs | Yes |
| Employee + RII/NII | Up to ₹2Lakhs (EMP) + RII 'OR' NII limits | Yes (EMP/RII) |
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.
| 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 | ||||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | 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 |
| KPI | Mar 31, 2005 |
|---|---|
| RoNW | 30.80% |
| Pre IPO | Post IPO | |
|---|---|---|
| Promoter Holding | 62.50% | 51.55% |
| Market Cap | ₹4,365.00 Cr. |
The Andhra Bank FPO IPO subscription status. Full data available on IPOMatrix.com.
| Category | Subscription (times) | Shares Offered | Shares bid for | |
|---|---|---|---|---|
| Total | 10.68 | 8,50,00,000 | 90,80,19,000 | |
| Price Details |
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| Final Issue Price |
| Open |
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Andhra Bank FPO is a main-board FPO of 8,50,00,000 equity shares of the face value of ₹10 aggregating up to ₹765 Crores. The issue is priced at ₹90 per share. The minimum order quantity is .
The FPO opens on Mon, Jan 16, 2006, and closes on Fri, Jan 20, 2006.
MCS Share Transfer Agent Ltd. is the registrar for the FPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Andhra Bank FPO using UPI as a payment gateway. Zerodha customers can apply in Andhra Bank FPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Andhra Bank FPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Andhra Bank FPO opens on Mon, Jan 16, 2006 and closes on Fri, Jan 20, 2006.
Andhra Bank FPO lot size and the minimum order quantity is not available at this time. Please check again later.
You can apply in Andhra Bank FPO online using either UPI or ASBA as a 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 applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Andhra Bank FPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the Andhra Bank FPO allotment status.
The Andhra Bank FPO listing date is on Tue, Feb 7, 2006.
