Bookbuilding FPO | ₹250 Cr | Listed at BSE, NSE | Thu, Jul 7, 2005 - Wed, Jul 13, 2005
Syndicate Bank FPO is a book build issue of ₹250.00 crores. The issue is entirely a fresh issue of 5.00 crore shares of ₹250.00 crore.
Syndicate Bank FPO bidding started from Jul 7, 2005 and ended on Jul 13, 2005. The shares got listed on NSE and BSE on Aug 1, 2005.
Syndicate Bank FPO is set final issue price at ₹50 per share.
SBI Capital Markets Ltd. is the book running lead manager and Kfin Technologies Ltd. is the registrar of the issue.
Refer to Syndicate Bank FPO RHP for detailed Information.
FPO Open
Thu, Jul 7, 2005
FPO Close
Wed, Jul 13, 2005
Issue Price
₹50 per share
Market Cap (Pre-IPO)
To be declared
| IPO Date | 7 to 13 Jul, 2005 |
| Listed on | Mon, Aug 1, 2005 |
| Face Value | ₹10 per share |
| Price Band | ₹46 to ₹50 |
| Issue Price | ₹50 per share |
| Lot Size | |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding FPO |
| Listing At | BSE, NSE |
| Total Issue Size | 5,00,00,000 shares (agg. up to ₹250 Cr) |
| Fresh Issue | 5,00,00,000 shares (agg. up to ₹250 Cr) |
| Share Holding Pre Issue | 47,19,68,282 shares |
| Share Holding Post Issue | 52,19,68,282 shares |
| BSE Script Code / NSE Symbol | 532276 / SYNDIBANK |
| ISIN | INE667A01018 |
Syndicate Bank FPO comprises a total issue size of 5,00,00,000 shares. The net offer to the public is 4,50,00,000 shares, after excluding 50,00,000 shares under a preferential allotment. Of the Net offer 2,25,00,000 (50.00%) are allocated to QIB, 67,50,000 (15.00%) allocated to NII 1,57,50,000 (35.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| QIB Shares Offered | 2,25,00,000 | 50.00% | 45.00% |
| NII (HNI) Shares Offered | 67,50,000 | 15.00% | 13.50% |
| Retail Shares Offered | 1,57,50,000 | 35.00% | 31.50% |
| Preferential Reservations | |||
| Employee Shares Offered | 50,00,000 | 10.00% | |
| Total Shares Offered | 5,00,00,000 | 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) |
Syndicate Bank is one of public sector banks, established in 1925 in Manipal, Karnataka. It was founded by T. M. A. Pai, Upendra Ananth Pai, and Vaman Kudva with the objective of promoting financial inclusion and supporting small businesses and local communities.
The bank initially operated under the name Canara Industrial and Banking Syndicate Limited and became widely known for its innovative Pigmy Deposit Scheme, which encouraged small daily savings, earning it the nickname “small man’s bank.”
Syndicate Bank was nationalised in 1969 along with other major banks in India and expanded its presence across the country, offering retail banking, corporate banking, loans, deposits, and investment services.
| Period Ended | 31 Mar 2005 | 31 Mar 2004 | 31 Mar 2003 |
|---|---|---|---|
| Assets | 52,109.43 | 47,223.18 | 34,422.24 |
| Total Income | 4,321.59 | 3,861.74 | 3,370.28 |
| Profit After Tax | 430.41 | 432.80 | 343.80 |
| NET Worth | 2,206.99 | 1,886.24 | 1,561.89 |
| Reserves and Surplus | 1,735.02 | 1,414.29 | 1,089.94 |
| Total Borrowing | 322.01 | 222.45 | 78.77 |
| 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 to meet future capital requirements arising out of the implementation of Basel II standards and the growth in assets, primarily the loan and investment portfolio, due to the growth of the Indian economy. | |
| 2 | General Corporate Purpose including meeting the expenses of the Issue. | |
| Total | 0.00 |
The Syndicate Bank FPO IPO subscription status. Full data available on IPOMatrix.com.
| Category | Subscription (times) | Shares Offered | Shares bid for | |
|---|---|---|---|---|
| Total | 29.13 | 5,00,00,000 | 1,45,64,01,651 | |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Lead management, underwriting commission | |
| 2 | Advertising and Marketing expenses | 0.28 |
| 3 | Printing and stationery | 0.15 |
| 4 | Registrars fee, legal fee, etc. | 0.24 |
| 5 | Others | 0.03 |
| Total | 0.70 |
| Price Details | NSE | BSE |
|---|---|---|
| Final Issue Price | ₹50.00 | ₹50.00 |
| Open | ₹68.30 | ₹72.80 |
| Low | ₹66.60 | ₹66.50 |
| High | ₹73.80 | ₹72.90 |
| Last Trade | ₹71.30 | ₹71.25 |
Syndicate Bank FPO is a main-board FPO of 5,00,00,000 equity shares of the face value of ₹10 aggregating up to ₹250 Crores. The issue is priced at ₹50 per share. The minimum order quantity is .
The FPO opens on Thu, Jul 7, 2005, and closes on Wed, Jul 13, 2005.
Kfin Technologies Ltd. is the registrar for the FPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Syndicate Bank FPO using UPI as a payment gateway. Zerodha customers can apply in Syndicate Bank FPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Syndicate Bank FPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Syndicate Bank FPO opens on Thu, Jul 7, 2005 and closes on Wed, Jul 13, 2005.
Syndicate Bank FPO lot size and the minimum order quantity is not available at this time. Please check again later.
You can apply in Syndicate 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 Syndicate Bank FPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the Syndicate Bank FPO allotment status.
The Syndicate Bank FPO listing date is on .
