Syndicate Bank(Merged) IPO


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

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 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

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