Public issue of up to 85,000,000 equity shares of Rs. 10 each for cash at a price of Rs. 90 per equity share Aggregating Rs. 765 crores by Andhra Bank (the "Bank" or "Issuer") (the "Issue"). The Issue comprises a net issue to the Public of up to 76,500,000 Equity Shares of Rs. 10 each (the "net issue") and a reservation for eligible employees of up to 8,500,000 Equity Shares of Rs. 10 each, at the Issue Price. The Issue would constitute 17.53% of the total post issue paid-up Equity Capital of the Bank.
Issue
Money Payable On
Opens On
Closes On
Application
Allotment
16-Jan-2006
20-Jan-2006
₹ 90.00
₹ 0.00
Minimum Application for shares in Nos : 75.0
Further Multiples of : 75.0
(₹)Cr.
Lead Managers to the Issue
Project Cost
0.00
Citigroup Global Markets India Pvt Ltd
Project Financed through Current Offer
765.00
Post Issue Equity Share Capital
485.00
Issue Price
₹90.00
Projects
To Strenghten the Capital Base for Future CAP Need