Indian Bank - IPO

Indian Bank IPO Details

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/- eachThe issue price is 9.1 times the face value

Objective of issue

Augment our Cap. base to meet Fut. Cap.Requirement. General Corporate Purpose.

Indian Bank Contact Details

Indian Bank, Subramanian Building, V Floor, 1 Club House Road, Chennai - 600 002

Phone - 91-044-28460390 (5 Lines)

Fax - 91-044-28460129

Email - investors@indianbank.co.in

Website - www.indianbank.in