Central Bank of India has listed with premium of 29.22%, which is just below expected premium, at Rs 131.80 as against its issue price of Rs 102 and touched a high of Rs 135 in the beginning trade.
The stock has started trading in F&O market with a lot size of 2000 shares.
The company had come out with an initial public offering (IPO) of 80,000,000 equity shares of Rs 10 each for cash at a price to be decided through a 100% book building process and raised Rs 816 crore from that issue at Rs 102, higher end of the band. The issue was subscribed over 62.07 times.
After the issue, the shareholding of the Government of India in the bank has come down to 80.20%.
The stock has started trading in F&O market with a lot size of 2000 shares.
The company had come out with an initial public offering (IPO) of 80,000,000 equity shares of Rs 10 each for cash at a price to be decided through a 100% book building process and raised Rs 816 crore from that issue at Rs 102, higher end of the band. The issue was subscribed over 62.07 times.
After the issue, the shareholding of the Government of India in the bank has come down to 80.20%.
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