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Development Credit Bank IPO is a book build issue .
Development Credit Bank IPO bidding started from Sep 29, 2006 and ended on Oct 6, 2006. The shares got listed on BSE, NSE on Oct 27, 2006.
Development Credit Bank IPO price band is set at ₹26.00 per share . The lot size for an application is 250. The minimum amount of investment required by an retail is ₹5,500 (250 shares). The lot size investment for sNII is 31 lots (7,750 shares), amounting to ₹2,01,500, and for bNII, it is 154 lots (38,500 shares), amounting to ₹10,01,000.
Axis Capital Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue.
Refer to Development Credit Bank IPO RHP for detailed Information.
| IPO Date | September 29, 2006 to October 6, 2006 |
| Listing Date | October 27, 2006 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹22 to ₹26 per share |
| Issue Price Final | ₹26 per share |
| Lot Size | 250 Shares |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | 7,61,32,187 shares |
| Share Holding Post Issue | 14,76,32,187 shares |
Development Credit Bank IPO opens on September 29, 2006, and closes on October 6, 2006.
| IPO Open Date | Fri, Sep 29, 2006 |
| IPO Close Date | Fri, Oct 6, 2006 |
| Tentative Listing Date | Fri, Oct 27, 2006 |
| Cut-off time for UPI mandate confirmation | 5 PM on Fri, Oct 6, 2006 |
Investors can bid for a minimum of 250 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 | 250 | ₹6,500 |
| Retail (Max) | 30 | 7,500 | ₹1,95,000 |
| S-HNI (Min) | 31 | 7,750 | ₹2,01,500 |
| S-HNI (Max) | 153 | 38,250 | ₹9,94,500 |
| B-HNI (Min) | 154 | 38,500 | ₹10,01,000 |
Development Credit Bank Limited (DCB) is a commercial bank in India. DCB has a network of 72 interconnected branches, including five extension counters, spread over 26 cities in India. DCB has a network of 58 interconnected onsite and 43 interconnected offsite automated teller machine (ATMs). In addition, the Bank offers Internet banking to its customers.
The business of the Bank has three main business lines: consumer banking, commercial banking and treasury options. Consumer banking includes current and savings account, time deposits, consumer, personal, housing and mortgaged-based loans. The commercial banking business is organized into the business-banking group (BBG) and corporate banking group (CBG). The treasury operations integrate domestic money and the foreign exchange segment in the market.
| KPI | Values |
|---|---|
| RoNW | -52.74% |
The Company DCB IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (₹ in crores) |
|---|---|---|
| 1 | Augment the capital base of the Bank to meet future capital adequacy requirements 1,859 arising out of growth in businesses | 185.90 |
| 2 | Estimated Issue expenses | 12.35 |
| Listing Date | October 27, 2006 |
| BSE Script Code | 532772 |
| NSE Symbol | DCBBANK |
| ISIN | INE503A01015 |
| Final Issue Price | ₹26 per share |
Development Credit Bank Ltd.
Development Credit Bank Limited,
154, S.V.Patel Road (East),
Dongri. Mumbai – 400 009, India.
Dongri, Maharashtra
Phone: +91-22-2289 9999
Email: dcbipo@dcbl.com
Website: http://www.dcbl.com
MUFG Intime India Pvt.Ltd.
Phone: +91-22-4918 6270
Email:
Website: https://linkintime.co.in/Initial_Offer/public-issues.html
Development Credit Bank IPO is a main-board IPO of 0 equity shares of the face value of ₹10 aggregating up to ₹[.] Crores. The issue is priced at ₹26 per share. The minimum order quantity is 250.
The IPO opens on September 29, 2006, and closes on October 6, 2006.
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 Development Credit Bank IPO using UPI as a payment gateway. Zerodha customers can apply in Development Credit Bank IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Development Credit Bank IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Development Credit Bank IPO opens on September 29, 2006 and closes on October 6, 2006.
Development Credit Bank IPO lot size is 250, and the minimum amount required for application is ₹6,500.
You can apply in Development Credit Bank 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 Development Credit Bank IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Development Credit Bank IPO allotment status.
The Development Credit Bank IPO listing date is on Friday, October 27, 2006.
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