Fixed Price FPO | ₹216 Cr | Listed at BSE, NSE | Mon, Jan 24, 2005 - Sat, Jan 29, 2005
Dena Bank FPO is a fixed issue price of ₹216.00 crores. The issue is entirely a fresh issue of 8.00 crore shares of ₹216.00 crore.
Dena Bank FPO bidding started from Jan 24, 2005 and ended on Jan 29, 2005. The shares got listed on NSE and BSE on Feb 23, 2005.
Dena Bank FPO is set final issue price at ₹27 per share.
SBI Capital Markets Ltd. is the book running lead manager and Sharepro Services Pvt.Ltd. is the registrar of the issue.
Refer to Dena Bank FPO DRHP for detailed Information.
FPO Open
Mon, Jan 24, 2005
FPO Close
Sat, Jan 29, 2005
Issue Price
₹27 per share
Market Cap (Pre-IPO)
₹487.60 Cr
| IPO Date | 24 to 29 Jan, 2005 |
| Listed on | Wed, Feb 23, 2005 |
| Face Value | ₹10 per share |
| Issue Price | ₹27 per share |
| Lot Size | |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price FPO |
| Listing At | BSE, NSE |
| Total Issue Size | 8,00,00,000 shares (agg. up to ₹216 Cr) |
| Fresh Issue | 8,00,00,000 shares (agg. up to ₹216 Cr) |
| Share Holding Pre Issue | 20,68,23,200 shares |
| Share Holding Post Issue | 28,68,23,200 shares |
| BSE Script Code / NSE Symbol | 532121 / DENABANK |
| ISIN | INE077A01010 |
Dena Bank FPO comprises a total issue size of 8,00,00,000 shares. The net offer to the public is 6,40,00,000 shares, after excluding 1,60,00,000 shares under a preferential allotment. Of the Net offer 3,20,00,000 (50.00%) allocated to NII 3,20,00,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 3,20,00,000 | 50.00% | 40.00% |
| Retail Shares Offered | 3,20,00,000 | 50.00% | 40.00% |
| Preferential Reservations | |||
| Employee Shares Offered | 80,00,000 | 10.00% | |
| Other Shares Offered | 80,00,000 | 10.00% | |
| Total Shares Offered | 8,00,00,000 | 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/NII limits | Yes (EMP/RII) |
Dena Bank undertakes and conducts the business of banking, which involves accepting deposits of money from the public for the purpose of lending or investment. These deposits are repayable either on demand or otherwise and can be withdrawn through instruments such as cheques, drafts, orders, or other means, in accordance with Clause (b) of Section 5 of the Banking Regulation Act, 1949.
In addition to its core banking activities, the Bank is authorized to carry out various other permitted business operations. As of September 30, 2004, the Bank operated a network of 1,130 branches across India. This included 492 rural branches, 191 semi-urban branches, 236 urban branches, and 211 branches located in metropolitan or port cities.
Out of the total branch network, 76 were specialized branches, comprising 11 service branches, 3 hi-tech agricultural branches, 1 industrial finance branch, 1 international banking branch, 52 designated SSI branches, 1 capital market branch, 5 asset recovery branches, and 2 overseas business branches. Additionally, the Bank operated 13 extension counters.
| Period Ended | 30 Sep 2004 | 31 Mar 2004 | 31 Mar 2003 | 31 Mar 2002 |
|---|---|---|---|---|
| Assets | 23,052.11 | 21,814.85 | 19,669.17 | 18,280.62 |
| Total Income | 1,064.81 | 2,352.80 | 2,196.41 | 2,059.24 |
| Profit After Tax | 77.27 | 230.50 | 114.19 | 11.36 |
| NET Worth | 787.10 | 709.83 | 505.63 | 415.12 |
| Reserves and Surplus | 580.28 | 503.01 | 298.81 | 208.30 |
| Total Borrowing | 358.56 | 308.37 | 228.21 | 266.25 |
| Amount in ₹ Crore | ||||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | To augment the capital base of the Bank to meet its future capital adequacy requirements | |
| 2 | To augment the long-term resources of the Bank | |
| 3 | To list the new issue of shares of the Bank on various stock exchanges as specified elsewhere | |
| 4 | To meet the expenses of the Issue | |
| Total | 0.00 |
| KPI | Sep 30, 2004 | Mar 31, 2004 |
|---|---|---|
| RoNW | 46.44% | |
| Price to Book Value | 0.63 | 0.72 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 11.14 | 5.39 |
| P/E (x) | 1.53 | 3.16 |
| Promoter Holding | 70.99% | 51.19% |
| Market Cap | ₹487.60 Cr. |
The Dena Bank FPO IPO subscription status. Full data available on IPOMatrix.com.
| Category | Subscription (times) | Shares Offered | Shares bid for | |
|---|---|---|---|---|
| Total | 12.14 | 8,00,00,000 | 97,12,96,154 | |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Lead Manager’s Fees (including out of pocket expenses) | 1.10 |
| 2 | Brokerage & incentives | 1.75 |
| 3 | Advertisement & Media | 2.00 |
| 4 | Printing & Stationery expenses | 1.25 |
| 5 | Registrar fees & expenses | 0.20 |
| 6 | Travelling for conference and other expenses | 0.90 |
| 7 | Contingencies | 1.08 |
| Total | 8.28 |
| Price Details | NSE | BSE |
|---|---|---|
| Final Issue Price | ₹27.00 | ₹27.00 |
| Open | ₹33.50 | ₹32.40 |
| Low | ₹32.40 | ₹32.30 |
| High | ₹33.50 | ₹33.50 |
| Last Trade | ₹32.50 | ₹32.50 |
Lead Manager Reports
Dena Bank FPO is a main-board FPO of 8,00,00,000 equity shares of the face value of ₹10 aggregating up to ₹216 Crores. The issue is priced at ₹27 per share. The minimum order quantity is .
The FPO opens on Mon, Jan 24, 2005, and closes on Sat, Jan 29, 2005.
Sharepro Services Pvt.Ltd. is the registrar for the FPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Dena Bank FPO using UPI as a payment gateway. Zerodha customers can apply in Dena Bank FPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Dena Bank FPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Dena Bank FPO opens on Mon, Jan 24, 2005 and closes on Sat, Jan 29, 2005.
Dena Bank FPO lot size and the minimum order quantity is not available at this time. Please check again later.
You can apply in Dena 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 Dena Bank FPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the Dena Bank FPO allotment status.
The Dena Bank FPO listing date is on Wed, Feb 23, 2005.
