Central Bank of India files DRHP with SEBI

Central Bank of India has filed Draft Red Herring Prospectus (DRHP) with SEBI for its forthcoming Initial Public Offering (IPO). The Bank is coming out with a public issue of 80,000,000 equity shares of Rs.10 each for cash at a price to be decided through book-building process.

The issue includes a reservation of 4,000,000 equity shares of Rs.10 each for the eligible employees. The issue less the employee reservation portion is referred to as the "Net Issue". The Net Issue will constitute 24.68% of the pre issue and 19.80% of the post issue fully diluted paid-up capital of the bank.

The equity shares are proposed to be listed on the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE).

ICICI Securities Primary Dealership Ltd, Citigroup Global Markets India Pvt Ltd, Enam Financial Consultants Pvt Ltd, IDBI Capital Market Services Ltd and Kotak Mahindra Capital Company Ltd are the Book Running Lead Managers to the issue. Intime Spectrum Registry Ltd is the Registrar to the issue.

Click Here to visit Central Bank of India website.
Click Here to view Central Bank of India prospectus.

Source : Equity Bulls

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