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Central Bank of India IPO is a book build issue of ₹816.00 crores. The issue is entirely a fresh issue of 8.00 crore shares of ₹816.00 crore.
Central Bank of India IPO bidding started from Jul 24, 2007 and ended on Jul 27, 2007. The shares got listed on BSE, NSE on Aug 21, 2007.
Central Bank of India IPO price band is set at ₹102.00 per share . The lot size for an application is 60. The minimum amount of investment required by an retail is ₹5,100 (60 shares). The lot size investment for sNII is 33 lots (1,980 shares), amounting to ₹2,01,960, and for bNII, it is 164 lots (9,840 shares), amounting to ₹10,03,680.
The issue includes a reservation of up to 40,00,000 shares for employees offered at a discount of ₹0.00 to the issue price.
Axis Capital Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue.
Refer to Central Bank of India IPO RHP for detailed Information.
| IPO Date | July 24, 2007 to July 27, 2007 |
| Listing Date | August 21, 2007 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹85 to ₹102 per share |
| Issue Price Final | ₹102 per share |
| Lot Size | 60 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 8,00,00,000 shares (aggregating up to ₹816.00 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | 32,41,41,460 shares |
| Share Holding Post Issue | 40,41,41,460 shares |
Central Bank of India IPO offers total 8,00,00,000 shares. Out of which 4,56,00,000 (57.00%) allocated to QIB, 76,00,000 (9.50%) allocated to NII, 2,28,00,000 (28.50%) allocated to RII.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| QIB Shares Offered | 4,56,00,000 (57.00%) | NA |
| NII (HNI) Shares Offered | 76,00,000 (9.50%) | NA |
| Retail Shares Offered | 2,28,00,000 (28.50%) | 3,80,000 |
| Employee Shares Offered | 40,00,000 (5.00%) | NA |
| Total Shares Offered | 8,00,00,000 (100.00%) |
| Application Category | Maximum Bidding Limits | Bidding at Cut-off Price Allowed |
|---|---|---|
| Only RII | Up to Rs 2 Lakhs | Yes |
| Only sNII | Rs 2 Lakhs to Rs 10 Lakhs | No |
| Only bNII | Rs 10 Lakhs to NII Reservation Portion | No |
| Only employee | Yes | |
| Employee + RII/NII |
|
Yes for Employee and RII/NII |
Central Bank of India IPO opens on July 24, 2007, and closes on July 27, 2007.
| IPO Open Date | Tue, Jul 24, 2007 |
| IPO Close Date | Fri, Jul 27, 2007 |
| Tentative Listing Date | Tue, Aug 21, 2007 |
| Cut-off time for UPI mandate confirmation | 5 PM on Fri, Jul 27, 2007 |
Investors can bid for a minimum of 60 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 60 | ₹6,120 |
| Retail (Max) | 32 | 1,920 | ₹1,95,840 |
| S-HNI (Min) | 33 | 1,980 | ₹2,01,960 |
| S-HNI (Max) | 163 | 9,780 | ₹9,97,560 |
| B-HNI (Min) | 164 | 9,840 | ₹10,03,680 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
Incorporated in 1911, Central Bank of India is the first Indian commercial bank which was wholly owned and managed by Indians. Central Bank of India branches are spread in 27 out of 28 States as also in 4 out of 7 Union Territories in India. Central Bank of India holds a very prominent place among the Public Sector Banks on account of its network of 3194 branches and 267 extension counters at various centers throughout the length and breadth of the country. Central Bank of India has over 25 million account holders.
CBI plans to expand significantly the number of branches to 1,000 under central banking solution(CBS) so as to cover approximately 80% of the business by the close of financial year ending March 2008 (FY 2008). Also, the bank has set a target to increase its ATMs to 500 from 261 (end March 2007) by end of this fiscal.
| KPI | Values |
|---|---|
| RoNW | 15.44% |
The Company Central Bank of India IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (in Millions) |
|---|---|---|
| 1 | Augment our capital base to meet the future capital requirements arising out of the implementation of the Basel II standards and the growth in our assets, primarily our loan and investment portfolio due to the growth of the Indian economy, and for other general corporate purposes | |
| 2 | To meet the future capital requirements out of implementation of Basel 2 standard and growth of assets, primarily loans and investment portfolio. |
| Listing Date | August 21, 2007 |
| BSE Script Code | 532885 |
| NSE Symbol | CENTRALBK |
| ISIN | INE483A01010 |
| Final Issue Price | ₹102 per share |
| BSE Listing Group | A |
Central Bank of India
Central Bank of India,
Chander Mukhi, Nariman Point,
Mumbai–400 021, India.
Mumbai, Maharashtra
Phone: +91-22- 66387828
Email: investors@centralbankofindia.co.in
Website: http://www.centralbankofindia.co.in
MUFG Intime India Pvt.Ltd.
Phone: +91-22-4918 6270
Email: cbiipo@intimespectrum.com
Website: https://linkintime.co.in/Initial_Offer/public-issues.html
Central Bank of India IPO is a main-board IPO of 8,00,00,000 equity shares of the face value of ₹10 aggregating up to ₹816.00 Crores. The issue is priced at ₹102 per share. The minimum order quantity is 60.
The IPO opens on July 24, 2007, and closes on July 27, 2007.
MUFG Intime India Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Central Bank of India IPO using UPI as a payment gateway. Zerodha customers can apply in Central Bank of India IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Central Bank of India IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Central Bank of India IPO opens on July 24, 2007 and closes on July 27, 2007.
Central Bank of India IPO lot size is 60, and the minimum amount required for application is ₹6,120.
You can apply in Central Bank of India IPO 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 Central Bank of India IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Central Bank of India IPO allotment status.
The Central Bank of India IPO listing date is on Tuesday, August 21, 2007.
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