Oriental Bank of Commerce(Merged IPO

IPO Synopsis

Public Issue of 58000000 equity shares of Rs 10 each for cash at a price of Rs 250 per equity share aggregating Rs 1450 crore (the issue) by Oriental Bank of Commerce (the bank or the issuer). The issue comprises a net issue to the public of up to 46400000 equity shares of Rs 10 each (the net issue), a reservation for employees of up to 5800000 equity shares of Rs 10 each and a reservation for existing shareholders of the bank of upto 5800000 equity shares of Rs 10 each, at the issue price. The issue would constitute 23.15% of the fully diluted post issue paid-up capital of the bank.

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