Allahabad Bank(Merged) IPO


IPO Subscription Details

  • Open Date 06 Apr
  • Close Date 12 Apr
  • Lot Size 75
  • IPO Size ₹ 820 Cr
  • IPO Price Range ₹ 82
  • Min Investment ₹ 6150

IPO Synopsis

Public issue of 100000000 equity shares of Rs 10 each for cash at a price of Rs 82 per share aggregating Rs 820 crore (the issue) by Allahabad Bank (the bank or the issuer). The issue comprise net issue to the public of upto 80000000 equity shares of Rs 10 each, a reservation for employees of upto 10000000 equity shares of Rs 10 each and a reservation for existing shareholders of upto 10000000 equity shares of Rs 10 each, at the issue price. The issue would constitiute 22.38% of the fully diluted post issue paid-up capital of the bank.

How to apply for IPO?

  • Login to your 5paisa account and select the issue in the current IPO section

  • Enter the number of lots and price at which you wish to apply for

  • Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange

  • You will receive a mandate notification to block funds in your UPI app

  • Approve the mandate request on your UPI and funds will be blocked

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