Bookbuilding IPO | ₹816 Cr | Listed at BSE, NSE | Tue, Jul 24, 2007 - Fri, Jul 27, 2007
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 per share. The lot size for an application is 60. The minimum amount of investment required by an retail is ₹6,120 (60 shares) (based on upper price). 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 Open
Tue, Jul 24, 2007
IPO Close
Fri, Jul 27, 2007
Issue Price
₹102 per share
Market Cap (Pre-IPO)
₹4,122.24 Cr
| IPO Date | 24 to 27 Jul, 2007 |
| Listed on | Tue, Aug 21, 2007 |
| Face Value | ₹10 per share |
| Price Band | ₹85 to ₹102 |
| Issue Price | ₹102 per share |
| Lot Size | 60 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 8,00,00,000 shares (agg. up to ₹816 Cr) |
| Fresh Issue | 8,00,00,000 shares (agg. up to ₹816 Cr) |
| Share Holding Pre Issue | 32,41,41,460 shares |
| Share Holding Post Issue | 40,41,41,460 shares |
| BSE Script Code / NSE Symbol | 532885 / CENTRALBK |
| ISIN | INE483A01010 |
Central Bank of India IPO comprises a total issue size of 8,00,00,000 shares. The net offer to the public is 7,60,00,000 shares, after excluding 40,00,000 shares under a preferential allotment. Of the Net offer 4,56,00,000 (60.00%) are allocated to QIB, 76,00,000 (10.00%) allocated to NII 2,28,00,000 (30.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue | Max Allottees |
|---|---|---|---|---|
| QIB Shares Offered | 4,56,00,000 | 60.00% | 57.00% | NA |
| NII (HNI) Shares Offered | 76,00,000 | 10.00% | 9.50% | NA |
| Retail Shares Offered | 2,28,00,000 | 30.00% | 28.50% | 3,80,000 |
| Preferential Reservations | ||||
| Employee Shares Offered | 40,00,000 | 5.00% | NA | |
| Total Shares Offered | 8,00,00,000 | 100.00% | 100.00% | |
Investors can bid for a minimum of 60 shares and in multiples thereof.
| 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 |
| 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 |
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.
| Period Ended |
|---|
| Amount in ₹ Crore |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 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. |
| KPI | |
|---|---|
| RoNW | 15.44% |
| Pre IPO | Post IPO | |
|---|---|---|
| Promoter Holding | 100% | 81.2% |
| Market Cap | ₹4,122.24 Cr. |
The Central Bank of India IPO is subscribed 62 times on July 27, 2007 5:00:00 PM (Day 4). The public issue subscribed 16.2 times in the retail category, 89.12 times in the QIB category, and 69.58 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹102.00 | ₹102.00 |
| Open | ₹130.10 | ₹131.80 |
| Low | ₹114.00 | ₹114.05 |
| High | ₹133.25 | ₹135.00 |
| Last Trade | ₹115.40 | ₹115.30 |
Lead Manager Reports
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 Crores. The issue is priced at ₹102 per share. The minimum order quantity is 60.
The IPO opens on Tue, Jul 24, 2007, and closes on Fri, Jul 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 Tue, Jul 24, 2007 and closes on Fri, Jul 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 Tue, Aug 21, 2007.
