Indian Bank 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

Indian Bank IPO Timeline

Open Date
05 Feb
Close Date
09 Feb
Basis of Allotment
Credit to Demat Account
Listing Date

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 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

Contact Details of Indian Bank IPO

Open Demat Account