Andhra Bank(Merged) IPO


Subscription Details

  • Open Date 16 Jan
  • Close Date 20 Jan
  • Lot Size 75
  • IPO Size ₹ 765 Cr
  • IPO Price Range ₹ 90
  • Min Investment ₹ 6750

Andhra Bank(Merged) IPO Timeline

Open Date
16 Jan
Close Date
20 Jan
Basis of Allotment
Credit to Demat Account
Listing Date

IPO Synopsis

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.

How to apply for an 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

Open Demat Account