The book-built IPO of the Central Bank of India is valued at Rs 816.00 crore. The Central Bank of India IPO auction was held from July 24 to July 27, 2007. On August 21, 2007, the shares were listed on the BSE and NSE. The pricing range for the Central Bank of India’s IPO is ₹85 to ₹102 per share. An application must have a minimum lot size of 60 shares. Retail investors are required to invest a minimum of ₹6,120.
The Central Bank of India was the first Indian commercial bank to be fully owned and operated by other Indians, having been founded in 1911. There are branches of the Central Bank of India located in four of India’s seven Union Territories and 27 of the country’s 28 states. With a network of 3194 branches and 267 extension counters in various locations across the nation, the Central Bank of India is one of the most well-known public sector banks. The Indian Central Bank has more than 25 million account holders. By the end of the financial year that ends in March 2008
(FY 2008), CBI intends to extend the number of branches to 1,000 under the Central Banking Solution (CBS), which will cover around 80% of the business. Additionally, by the conclusion of this fiscal year, the bank hopes to have 500 ATMs, up from 261 at the end of March 2007.
Central Bank of India IPO Details
| IPO Date | July 24, 2007 to July 27, 2007 |
| Listing Date | August 21, 2007 |
| Face Value | ₹10 per share |
| Price Band | ₹85 to ₹102 per share |
| Lot Size | 60 Shares |
| Total Issue Size | 80,000,000 shares (aggregating up to ₹816.00 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
Central Bank of India IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 60 | ₹6,120 |
| Retail (Max) | 32 | 1920 | ₹195,840 |
Objects of the Issue (Central Bank of India IPO Objectives)
The objects of the Issue are to achieve the benefits of listing on the Stock Exchanges and to raise capital
- To augment capital base,
- To meet the future capital requirements out of implementation of Basel 2 standard and growth of assets, primarily loans and investment portfolios,
Central Bank of India IPO Listing Details
| Listing Date | August 21, 2007 |
| BSE Script Code | 532885 |
| NSE Symbol | CENTRALBK |
| ISIN | INE483A01010 |
| Final Issue Price | ₹102 per share |
Central Bank of India Listing Day Trading Information
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹102.00 | ₹102.00 |
| Open | ₹130.10 | ₹131.80 |
| Low | ₹114.00 | ₹114.05 |
| High | ₹133.25 | ₹135.00 |
| Last Trade | ₹115.40 | ₹115.30 |
Central Bank of India Contact Details
Central Bank of India
Central Bank of India,
Chander Mukhi, Nariman Point,
Mumbai 400 021, India.
Phone: +91-22- 66387828
Email: [email protected]
Website: http://www.centralbankofindia.co.in
Central Bank of India IPO Registrar
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: [email protected]
Website: https://linkintime.co.in
Central Bank of India IPO FAQs:
Q1. What is Central Bank of India IPO?
Ans. Central Bank of India IPO is a main-board IPO of 80,000,000 equity shares of the face value of ₹10 aggregating up to ₹816.00 Crores. The issue is priced at ₹85 to ₹102 per share. The minimum order quantity is 60 Shares. The IPO opens on July 24, 2007, and closes on July 27, 2007.
Q2. When Central Bank of India IPO will open?
Ans. The Central Bank of India IPO opens on July 24, 2007 and closes on July 27, 2007.
Q3. What is the lot size of Central Bank of India IPO?
Ans. Central Bank of India IPO lot size is 60 Shares, and the minimum amount required is ₹6,120.
Q4. When is Central Bank of India IPO listing date?
Ans. The Central Bank of India IPO listing date is on August 21, 2007.
