Syndicate Bank(Merged) IPO


Subscription Details

  • Open Date 07 Jul
  • Close Date 13 Jul
  • Lot Size 125
  • IPO Size ₹ 250 Cr
  • IPO Price Range ₹ 50
  • Min Investment ₹ 6250

Syndicate Bank(Merged) IPO Timeline

Open Date
07 Jul
Close Date
13 Jul
Basis of Allotment
Credit to Demat Account
Listing Date

IPO Synopsis

Public issue of 50,000,000 equity shares of Rs. 10 each for cash at a price of Rs. 50 per equity share aggregating Rs. 250 crores by Syndicate Bank (the Bank or Issuer) (the Issue). The Issue comprises a net issue to the public of at least 45,000,000 Equity Shares of Rs. 10 each (the Net Issue) and a reservation for eligible Employees of up to 5,000,000 Equity Shares of Rs. 10 each, at the Issue Price. The Issue would constitute 9.58% of the fully diluted post issue paid-up 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

Contact Details of Syndicate Bank(Merged) IPO

Open Demat Account