Central Bank of India IPO

Central Bank of India is coming out with an IPO through the book building process. The Central Bank of India IPO will open for subscription on 24th July 2007 and will close for subscription on 27th July 2007. Central Bank of India has fixed the price band for the IPO between Rs. 85 and Rs. 102 per share. As per the DRHP, Central Bank of India will use the proceeds of the IPO to augment the capital base and CAR in order to meet the capital requirements arising out of the implementation of BASEL II norms. Post IPO, the shares of Central Bank of India will be listed on the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE). The lead managers for the Central Bank of India IPO are ICICI Securities, Citigroup Global Markets India, IDBI capital markets.Kotak investment banking and Enam. The registrar for the Central Bank of India IPO is Intime Spectrum Registry. For updates on the subscription / oversubscription ratio of Central Bank of India IPO and to know the IPO allotment status, refund details and listing date of Central Bank of India  IPO, do check this blog regularly. The Central Bank of India IPO issue size is about 850 crores. The Central Bank of India IPO seems to be reasonably priced and is likely to reward investors with good listing gains.

Central Bank of India IPO Prospectus
For more information, read the Draft red herring prospectus of the Central Bank of India IPO Issue.