Bookbuilding IPO | ₹186 Cr | Listed at BSE, NSE | Fri, Sep 29, 2006 - Fri, Oct 6, 2006
Development Credit Bank IPO is a book build issue of ₹185.90 crores. The issue is entirely a fresh issue of 7.15 crore shares of ₹185.90 crore.
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 is set final issue price at ₹26 per share. The lot size for an application is 250. The minimum amount of investment required by an individual investor (retail) is ₹0.00 (250 shares) (based on upper price). 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 Open
Fri, Sep 29, 2006
IPO Close
Fri, Oct 6, 2006
Issue Price
₹26 per share
Market Cap (Pre-IPO)
To be declared
| IPO Date | 29 Sep to 6 Oct, 2006 |
| Listed on | Fri, Oct 27, 2006 |
| Face Value | ₹10 per share |
| Price Band | ₹22 to ₹26 |
| Issue Price | ₹26 per share |
| Lot Size | 250 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 7,15,00,000 shares (agg. up to ₹186 Cr) |
| Fresh Issue | 7,15,00,000 shares (agg. up to ₹186 Cr) |
| Share Holding Pre Issue | 7,61,32,187 shares |
| Share Holding Post Issue | 14,76,32,187 shares |
| BSE Script Code / NSE Symbol | 532772 / DCBBANK |
| ISIN | INE503A01015 |
Development Credit Bank IPO comprises a total issue size of 7,15,00,000 shares. The net offer to the public is 6,89,97,500 shares, after excluding 25,02,500 shares under a preferential allotment. Of the Net offer 3,44,98,750 (50.00%) are allocated to QIB, 1,03,49,625 (15.00%) allocated to NII 2,41,49,125 (35.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue | Max Allottees |
|---|---|---|---|---|
| QIB Shares Offered | 3,44,98,750 | 50.00% | 48.25% | NA |
| NII (HNI) Shares Offered | 1,03,49,625 | 15.00% | 14.48% | NA |
| Retail Shares Offered | 2,41,49,125 | 35.00% | 33.78% | 96,596 |
| Preferential Reservations | ||||
| Employee Shares Offered | 25,02,500 | 3.50% | NA | |
| Total Shares Offered | 7,15,00,000 | 100.00% | 100.00% | |
Investors can bid for a minimum of 250 shares and in multiples thereof.
| 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 |
| 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 |
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.
| Period Ended | 31 Mar 2006 | 31 Mar 2005 | 31 Mar 2004 | 31 Mar 2003 |
|---|---|---|---|---|
| Assets | 3,716.84 | 4,626.34 | 5,275.02 | 4,352.17 |
| Total Income | 357.43 | 394.50 | 441.65 | 431.59 |
| Profit After Tax | -80.59 | -72.99 | -43.19 | -9.78 |
| NET Worth | 139.31 | 166.31 | 187.83 | 185.92 |
| Reserves and Surplus | 88.05 | 129.26 | 151.42 | 184.15 |
| 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 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 |
| KPI | Mar 31, 2005 | Mar 31, 2006 |
|---|---|---|
| RoNW | -41.22% | -52.74% |
| Pre IPO | Post IPO | |
|---|---|---|
| Promoter Holding | 57.79% | 29.8% |
Sorry, we couldn't find the subscription details. Note that the bidding starts at 10 AM and ends at 5 PM on the days when the public issue is open.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Lead Management fee, underwriting and selling commission | 5.58 |
| 2 | Registrars fee | 0.26 |
| 3 | Advertising and Marketing expenses | 2.60 |
| 4 | Printing and stationery | 2.36 |
| 5 | Others (legal fee, listing fee, Auditors, Book Building fees, etc.) | 1.55 |
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹26.00 | ₹26.00 |
| Open | ₹35.35 | ₹35.00 |
| Low | ₹35.35 | ₹35.00 |
| High | ₹48.65 | ₹48.70 |
| Last Trade | ₹47.50 | ₹47.45 |
Lead Manager Reports
Development Credit Bank IPO is a main-board IPO of 7,15,00,000 equity shares of the face value of ₹10 aggregating up to ₹186 Crores. The issue is priced at ₹26 per share. The minimum order quantity is 250.
The IPO opens on Fri, Sep 29, 2006, and closes on Fri, Oct 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 Fri, Sep 29, 2006 and closes on Fri, Oct 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 Fri, Oct 27, 2006.
