Public issue of 8,59,50,000 equity shares of Rs. 10 each ("equity shares") of Indian Bank (the "bank" or the "issuer") for cash at a price of Rs.91/- per equity share (including a share premium of Rs.81/- per equity share) aggregating Rs.782.15 Crores (the "issue"). The issue includes a reservation of 85,95,000 equity shares of Rs.10/- each for the eligible employees (the "employee reservation portion"). The issue less the employee reservation portion is referred to as the "net issue". The issue will constitute 25% of the pre issue and 20 % of the post issue fully diluted paid-up equity capital of the bank.
Issue Price is Rs.91/- per equity share of face value Rs.10/- each
The issue price is 9.1 times the face value
Issue
Money Payable On
Opens On
Closes On
Application
Allotment
05-Feb-2007
09-Feb-2007
₹ 91.00
₹ 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
Enam Financial Consultants Pvt Ltd
Project Financed through Current Offer
782.15
Post Issue Equity Share Capital
429.77
Issue Price
₹91.00
Projects
Augment our Cap. base to meet Fut. Cap.Requirement