Indian Bank IPO


IPO Subscription Details

  • Open Date 05 Feb
  • Close Date 09 Feb
  • Lot Size 75
  • IPO Size ₹ 782.15 Cr
  • IPO Price Range ₹ 91
  • Min Investment ₹ 6825

IPO Synopsis

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

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

Contact Details of Indian Bank IPO

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