Bookbuilding IPO | ₹782 Cr | Listed at BSE, NSE | Mon, Feb 5, 2007 - Fri, Feb 9, 2007
Indian Bank IPO is a book build issue of ₹782.15 crores. The issue is entirely a fresh issue of 8.60 crore shares of ₹782.15 crore.
Indian Bank IPO bidding started from Feb 5, 2007 and ended on Feb 9, 2007. The shares got listed on BSE, NSE on Mar 1, 2007.
Indian Bank IPO price band is set at ₹91 per share. The lot size for an application is 75. The minimum amount of investment required by an retail is ₹6,825 (75 shares) (based on upper price). The lot size investment for sNII is 30 lots (2,250 shares), amounting to ₹2,04,750, and for bNII, it is 147 lots (11,025 shares), amounting to ₹10,03,275.
The issue includes a reservation of up to 85,95,000 shares for employees offered at a discount of ₹0.00 to the issue price.
Axis Capital Ltd. is the book running lead manager and Cameo Corporate Services Ltd. is the registrar of the issue.
Refer to Indian Bank IPO RHP for detailed Information.
IPO Open
Mon, Feb 5, 2007
IPO Close
Fri, Feb 9, 2007
Issue Price
₹91 per share
Market Cap (Pre-IPO)
₹3,910.91 Cr
| IPO Date | 5 to 9 Feb, 2007 |
| Listed on | Thu, Mar 1, 2007 |
| Face Value | ₹10 per share |
| Price Band | ₹77 to ₹91 |
| Issue Price | ₹91 per share |
| Lot Size | 75 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 8,59,50,000 shares (agg. up to ₹782 Cr) |
| Fresh Issue | 8,59,50,000 shares (agg. up to ₹782 Cr) |
| Share Holding Pre Issue | 34,38,20,000 shares |
| Share Holding Post Issue | 42,97,70,000 shares |
| BSE Script Code / NSE Symbol | 532814 / INDIANB |
| ISIN | INE562A01011 |
Indian Bank IPO comprises a total issue size of 8,59,50,000 shares. The net offer to the public is 7,73,55,000 shares, after excluding 85,95,000 shares under a preferential allotment. Of the Net offer 4,64,13,000 (60.00%) are allocated to QIB, 77,35,500 (10.00%) allocated to NII 2,32,06,500 (30.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue | Max Allottees |
|---|---|---|---|---|
| QIB Shares Offered | 4,64,13,000 | 60.00% | 54.00% | NA |
| NII (HNI) Shares Offered | 77,35,500 | 10.00% | 9.00% | NA |
| Retail Shares Offered | 2,32,06,500 | 30.00% | 27.00% | 3,09,420 |
| Preferential Reservations | ||||
| Employee Shares Offered | 85,95,000 | 10.00% | NA | |
| Total Shares Offered | 8,59,50,000 | 100.00% | 100.00% | |
Investors can bid for a minimum of 75 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 75 | ₹6,825 |
| Retail (Max) | 29 | 2,175 | ₹1,97,925 |
| S-HNI (Min) | 30 | 2,250 | ₹2,04,750 |
| S-HNI (Max) | 146 | 10,950 | ₹9,96,450 |
| B-HNI (Min) | 147 | 11,025 | ₹10,03,275 |
| 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 on March 5, 1907, Indian Bank is a leading public sector banking institution with the largest network of branches in the state of Tamil Nadu. As of September 30, 2006, Indian Bank had 1,408 branches in India spread over 26 states and 3 union territories. Indian Bank also has a branch in Singapore and a branch and foreign currency banking unit in Colombo, Sri Lanka.
In Fiscal 2006, Indian Bank made a net profit of Rs. 4,894.00 million and had assets of Rs. 474,115.55 million and net worth of Rs. 22,676.80 million.
Indian Bank nationalised in 1969 along with 13 other major commercial banks in India and are currently wholly-owned by the Government of India. After this Issue, the Government of India’s shareholding in the Bank will be reduced to 80%.
| 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 the capital base to meet the future capital requirements arising out of the implementation of the Basel II standards and the growth in the assets, primarily the loan and investment portfolio due to the growth of the Indian economy and for other general corporate purposes | |
| 2 | Issue expenses |
| KPI | |
|---|---|
| RoNW | 23.52% |
| Pre IPO | Post IPO | |
|---|---|---|
| Promoter Holding | 100% | 80% |
| Market Cap | ₹3,910.91 Cr. |
The Indian Bank IPO is subscribed 32.16 times on February 9, 2007 5:00:00 PM (Day 5). The public issue subscribed 3.18 times in the retail category, 56.45 times in the QIB category, and 8.36 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 | ₹91.00 | ₹91.00 |
| Open | ₹105.00 | ₹93.90 |
| Low | ₹77.00 | ₹75.00 |
| High | ₹105.00 | ₹100.25 |
| Last Trade | ₹98.30 | ₹98.35 |
Indian Bank IPO is a main-board IPO of 8,59,50,000 equity shares of the face value of ₹10 aggregating up to ₹782 Crores. The issue is priced at ₹91 per share. The minimum order quantity is 75.
The IPO opens on Mon, Feb 5, 2007, and closes on Fri, Feb 9, 2007.
Cameo Corporate Services Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Indian Bank IPO using UPI as a payment gateway. Zerodha customers can apply in Indian Bank IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Indian Bank IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Indian Bank IPO opens on Mon, Feb 5, 2007 and closes on Fri, Feb 9, 2007.
Indian Bank IPO lot size is 75, and the minimum amount required for application is ₹6,825.
You can apply in Indian 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 Indian Bank IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the Indian Bank IPO allotment status.
The Indian Bank IPO listing date is on Thu, Mar 1, 2007.
