Bookbuilding FPO | ₹150 Cr | Listed at BSE, NSE | Fri, Feb 10, 2006 - Wed, Feb 15, 2006
South Indian Bank FPO is a book build issue of ₹150.00 crores. The issue is entirely a fresh issue of 2.27 crore shares of ₹150.00 crore.
South Indian Bank FPO bidding started from Feb 10, 2006 and ended on Feb 15, 2006. The shares got listed on NSE and BSE on Mar 7, 2006.
South Indian Bank FPO is set final issue price at ₹66 per share.
ICICI Securities Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue.
Refer to South Indian Bank FPO RHP for detailed Information.
FPO Open
Fri, Feb 10, 2006
FPO Close
Wed, Feb 15, 2006
Issue Price
₹66 per share
Market Cap (Pre-IPO)
₹464.67 Cr
| IPO Date | 10 to 15 Feb, 2006 |
| Listed on | Tue, Mar 7, 2006 |
| Face Value | ₹10 per share |
| Price Band | ₹60 to ₹66 |
| Issue Price | ₹66 per share |
| Lot Size | |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding FPO |
| Listing At | BSE, NSE |
| Total Issue Size | 2,27,27,272 shares (agg. up to ₹150 Cr) |
| Fresh Issue | 2,27,27,272 shares (agg. up to ₹150 Cr) |
| Share Holding Pre Issue | 4,76,77,920 shares |
| Share Holding Post Issue | 7,04,05,192 shares |
| BSE Script Code / NSE Symbol | 532218 / SOUTHBANK |
| ISIN | INE683A01023 |
South Indian Bank FPO comprises a total issue size of 2,27,27,272 shares. The net offer to the public is 1,81,81,818 shares, after excluding 45,45,454 shares under a preferential allotment. Of the Net offer 90,90,909 (50.00%) are allocated to QIB, 27,27,273 (15.00%) allocated to NII 63,63,636 (35.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| QIB Shares Offered | 90,90,909 | 50.00% | 40.00% |
| NII (HNI) Shares Offered | 27,27,273 | 15.00% | 12.00% |
| Retail Shares Offered | 63,63,636 | 35.00% | 28.00% |
| Preferential Reservations | |||
| Employee Shares Offered | 22,72,727 | 10.00% | |
| Shareholders Shares Offered | 22,72,727 | 10.00% | |
| Total Shares Offered | 2,27,27,272 | 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 |
| Shareholder (SH) | Up to Shareholder Reservation | Allowed only if bidding amount is upto ₹2 lakhs |
| Employee (EMP) | Up to ₹2 Lakhs | Yes |
| Employee + Shareholder | Up to ₹2 Lakhs (SH) + Up to ₹2 Lakhs (EMP) | Yes |
| Shareholder + RII/NII | Up to ₹2 Lakhs (SH) + RII/NII limits | Yes (SH/RII) |
| Employee + RII/NII | Up to ₹2Lakhs (EMP) + RII 'OR' NII limits | Yes (EMP/RII) |
| Employee + Shareholder + RII/NII | Upto ₹2 Lakhs (SH) + Upto ₹2 Lakhs (EMP) + RII 'OR' NII limits | Yes (SH/EMP/RII) |
Note: To be eligible for the Shareholder Quota, you must hold shares in one of the following companies:
The company is a leading scheduled commercial bank in India, headquartered in Thrissur, Kerala, with a strong emphasis on technology adoption and customer-centric service. Established in 1929, the bank has a long-standing legacy of promoting financial inclusion by mobilizing savings and providing accessible credit to individuals and businesses.
Key Highlights:
| Period Ended | 30 Sep 2005 | 31 Mar 2005 | 31 Mar 2004 | 31 Mar 2003 |
|---|---|---|---|---|
| Assets | 9,232.17 | 9,457.04 | 9,237.56 | 7,611.81 |
| Total Income | 394.67 | 811.38 | 915.43 | 837.73 |
| Profit After Tax | 13.94 | 8.70 | 84.33 | 72.33 |
| NET Worth | 450.69 | 437.37 | 375.43 | 300.17 |
| Reserves and Surplus | 401.06 | 387.10 | 335.78 | 259.24 |
| Total Borrowing | 62.90 | 3.73 | 79.45 | 94.89 |
| 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 our future capital adequacy requirements arising 1,430.0 out of growth in our businesses and for other general corporate purposes | 143.00 |
| 2 | Estimated Issue expenses | 7.00 |
| Total | 150.00 |
| KPI | Sep 30, 2005 | Mar 31, 2005 |
|---|---|---|
| RoNW | 7.56% | 4.31% |
| Price to Book Value | 0.85 | 0.87 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 1.82 | 3.96 |
| P/E (x) | 36.17 | 16.67 |
| Promoter Holding | 0% | 0% |
| Market Cap | ₹464.67 Cr. |
The South Indian Bank FPO IPO subscription status. Full data available on IPOMatrix.com.
| Category | Subscription (times) | Shares Offered | Shares bid for | |
|---|---|---|---|---|
| Total | 7.28 | 2,27,27,272 | 16,54,34,755 | |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Estimated lead management, underwriting and selling commission | 3.00 |
| 2 | Estimated other expenses (including advertising, registrar’s fee, legal fee, printing and stationery and listing fee) | 4.00 |
| Total | 7.00 |
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹66.00 | ₹66.00 |
| Open | ₹65.75 | ₹65.30 |
| Low | ₹63.80 | ₹63.90 |
| High | ₹65.74 | ₹66.90 |
| Last Trade | ₹64.70 | ₹64.50 |
Lead Manager Reports
South Indian Bank FPO is a main-board FPO of 2,27,27,272 equity shares of the face value of ₹10 aggregating up to ₹150 Crores. The issue is priced at ₹66 per share. The minimum order quantity is .
The FPO opens on Fri, Feb 10, 2006, and closes on Wed, Feb 15, 2006.
MUFG Intime India Pvt.Ltd. is the registrar for the FPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in South Indian Bank FPO using UPI as a payment gateway. Zerodha customers can apply in South Indian Bank FPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in South Indian Bank FPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The South Indian Bank FPO opens on Fri, Feb 10, 2006 and closes on Wed, Feb 15, 2006.
South Indian Bank FPO lot size and the minimum order quantity is not available at this time. Please check again later.
You can apply in South Indian 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 South Indian Bank FPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the South Indian Bank FPO allotment status.
The South Indian Bank FPO listing date is on Tue, Mar 7, 2006.
