Public issue of 7,15,00,000 equity shares of Rs. 10 each for cash at a price of Rs.26 per equity share aggregating Rs.185.90 Crores by Development Credit Bank Limited (the "bank" or "issuer") (the "issue"). The issue comprises a net issue to the public of up to 68,997,500 equity shares of Rs. 10 each (the "net issue") aggregating Rs.179.39 Crores and a reservation for eligible employees of 2,502,500 equity shares of Rs. 10 each aggregating Rs.6.51 Crores, at the issue price. The issue would constitute 48.43% of the fully diluted post issue paid-up capital of the bank.
Issue Price is Rs.26 per equity share of face value Rs.10
The issue price is 2.6 times of the face value
Issue
Money Payable On
Opens On
Closes On
Application
Allotment
29-Sep-2006
06-Oct-2006
₹ 26.00
₹ 0.00
Minimum Application for shares in Nos : 250.0
Further Multiples of : 250.0
(₹)Cr.
Lead Managers to the Issue
Project Cost
0.00
Enam Financial Consultants Pvt Ltd
Project Financed through Current Offer
185.90
Post Issue Equity Share Capital
147.63
Issue Price
₹26.00
Projects
Augment Cap. Base to meet Future Cap. requirements