South Indian Bank Ltd IPO

Closed

Subscription Details

  • Open Date 10 Feb
  • Close Date 15 Feb
  • Lot Size 100
  • IPO Size ₹ 150 Cr
  • IPO Price Range ₹ 66
  • Min Investment ₹ 6600

South Indian Bank Ltd IPO Timeline

Open Date
10 Feb
Close Date
15 Feb
Basis of Allotment
-
Refunds
-
Credit to Demat Account
-
Listing Date
-

IPO Synopsis

Public issue of 22727272 equity shares of Rs. 10 each for cash at a price of Rs. 66 per equity share aggregating Rs. 150 crores by the South Indian Bank Limited (The Bank or Issuer). The issue comprises a net issue to the public of 18181818 equity shares of Rs. 10 each (The Net Issue) aggregating Rs. 120 crores and a reservation for eligible employees and share holders of up to 2272727 equity shares each at the issue price aggregating Rs. 15 crores each. The issue would constitute 32.2% of the fully diluted post issue paid-up capital of the Bank. Issue Price Rs.66 per equity share of face value Rs. 10. The face value of the shares is Rs. 10 and the issue price is 6.6 times of 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 South Indian Bank Ltd IPO

Contact Information

Address

SIB House T B Road,
Mission Quarters,
Thrissur, Kerala 680001

South Indian Bank Ltd IPO Lead Manager

Enam Financial Consultants Pvt LtdICICI Securities Ltd
Open Demat Account