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.

45 thoughts on “Central Bank of India IPO”

  1. @ KETAN,

    Recent history suggests that when the IPO size is large, it usually subscribes to 1 to 4 times in retail category.

    @ BULLISH BHAI,

    As far as I remember, you only once had booked loss (of only Rs 1/- per share)in last 100 IPOs in 5-6 years and that was INDIAN BANK. Will you please recollect the details of that IPO and compare the same with Central Bank IPO ? Your kind homework and advice based thereon will help all retail investors tremendously.

    Regards,

    Anil Batra.

  2. @akkbatra – The loss in Indian Bank was because between the time the ipo closed and it got listed, a lot of bad news flowed and the entire banking industry got hit. there was CRR hike and so on. Central bank IPO looks interesting. But i’ll take my final decision after looking at the subscription figures on the last day of subscription, just as I do for all IPO’s

  3. Dear All,

    I remember Indian bank was listed when there was hike in the CRR. That’s why it was listed (Rs.75) w/o any gain. But you see today, it is trading in the range of 150-160.

    Central bank will easily have good listing gains.

    Keep investing…

  4. If we invest in Central Bank Of India as an NRI for Rs.200,000/- would you suggest to apply in mine & wife’s name under retail trench or as bulk, single applicant? What is the price tag you suggest to put?

    Thanks & regards

    Varghese K. John
    Dubai

  5. Varghese, put 2 applications of 960 shares at cut off price- one for you and on for your wife.(Retail category)

    You will surely get allotment and 3-5% return on your investment in 25 days time.

  6. Hi,

    I am really new to share market. I am planning to quote for 300 shares of central bank, 40 shares of zylog, 60 shares of Omnitech.Is this ok, or very less when investing? I want to get some quick gains, also some of these shares i want to retain..Please help me.

    Regards
    Ann

  7. Instead of appying for smaller lots in different PO’s, it always advisable to apply for bigger lots in a good IPO. So the chances of alltment will be more.. If u apply for different IPO’s with 1 or 2 lots , its for sure that u r not gonna get any….
    Have a happy time investment…

  8. I Have applied for Simplex Projects for 120 shares, Alpa Laboratories for 100 shares,Central Bank Of India for 600 shares,Is this issue going to open in an higher price or i will have to wait for it.Please let me know. Regards, Rakesh

  9. hi

    i hav applied for 480 shares incbi ipo..at cutt off i.e.rs 102.when it comes to trading when shud i sale these shares 2 earn max profit.shud i wait for 5 6 months or resale it as soon it is alloted

  10. Sorry venkatakrishnan, you had applied for 120 shares, regret you have not been alloted the shares, you will be receiving your refund soon.
    Regards
    Raju

  11. Hi! Experts,

    I have been alloted 6.5% of CBI, applied through icicidirect. But i haven’t yet got the credit of my shares in my a/c, so as to trade them. Please suggest me something in this regards.

  12. sir,

    I requested fill ipo in central bank of india not alloted share in my account but not recieve my refund please reply me earlyiest
    My client ID 10003738
    My name Kailash chandra kanodia

    Thanking you,

    Taruna

    9227942522

  13. sir,

    I apply for 240 shares in central bank of india IPO But only 60 shares alloted to me and i have not received my refund of 180 shares till today. please reply me earlyiest

    Regards
    Narender Kumar Arora

  14. sir,

    I requested fill ipo in central bank of india not alloted share in my account but not recieve my refund please reply me earlyiest
    My client ID 02862070
    POA ID : 1202990000000017
    POA Name : INdiabulls Securities
    My Application No. 8611701
    Broker : Motilal Oswal Securities
    My name Ambrish Gupta

    Thanking you,

  15. sir,
    i have applied for 120 shares in cenral bank of india ipo.there is 60 shares were allotted to my accound. but the remaining amount is not refund to me till now. so plz refund the amount to my earliest

    my demat no : 11463604
    DP NAME : INDIA INFOLINE LTD
    DP ID : IN302269
    APPICATION NO : 6427741
    DD NO : 609834(CORPORATION BANK)
    AMOUNT : 12240/-

    THANKING YOU

  16. sir,
    i have applied for 240 shares in cenral bank of india ipo.there is 60 shares were allotted to my account. but the remaining amount is not refund to me till now. so plz refund the amount. and also inform frm where i got information about status of my application.
    transaction id-3807662
    dp id- in303028
    dp acc-53578614
    app. no.-648444742

    ASHWANI TRIPATHI
    9889819143
    ashwani.tripathi@inbox.com

  17. Sir,

    I applied for 960 Shares of Central Bank of India @ Rs.102 & recieved the full amount as refund Via your Reference no:5536672/238672/17865437 dated 10/08/2007.

    You should have alloted me 63 Shares on the bais of allotment decided by you .Kindly let me know at the earliest.the reason for not alloting shares to me.

    Regards,
    B.B.Bagaria,
    J-6/1,
    Jalmangaldeep,
    Bangur Nagar,
    Goregaon (West).
    Contact-+91 9867981582
    Mumbai-400090

    bbb

  18. Application no. 64810052 for 60shares@102 , no refund/allotment till date.
    it was made through icicidirect.com
    Please help and provide detail where to conttact.
    Really sorry state of affars for CBI issue.
    Awaiting reply.
    Thaks

    prem looned

  19. Can anybody please let me know how do I get my money back.
    I hav neither received the shares, nor the refund.
    I applied offline (on paper) through india infoline.

  20. Dear Sir

    Please suggest me what i do for my refund back.

    Dear Investor

    Indemnity bond is a banking requirement, the options for resolving your case is either to wait till the article returns or refund banker requires indemnity bond from the concerned refundee on a non judicial stamp paper of Rs 200/- duly notarised for issuance of duplicate refund instrument. You may have to execute the same so that a duplicate refund instrument can be processed subject to the payment status of the original refund order being still unpaid.

    Thanks & Regards,
    Vaishali Sarang,
    ISRL, Mumbai.
    Tel -: 022-2596 0320/27
    Fax-: 022-25960328/29
    email id – vaishali.sarang@intimespectrum.com

    —– Original Message —–
    From: Nishant Buliwal
    To: Vaishali
    Sent: Wednesday, October 03, 2007 3:37 PM
    Subject: Re: CBI-64828108/NRR

    Dear Vaishal

    who will bear the indemnity bond expenses ?

    On 10/1/07, Vaishali wrote:
    Dear Investor,

    We have have already informed you that the refund order has been already despatched and the same has not returned back to us till date and indemnity bond is a banking requirement,if you execute the same, refund banker will be able to issue duplicate after confirmation of unpaid status and if not, you have to wait.

    Thanks & Regards,
    Vaishali Sarang,
    ISRL, Mumbai.
    Tel -: 022-2596 0320/27
    Fax-: 022-25960328/29
    email id – vaishali.sarang@intimespectrum.com

    —– Original Message —–
    From: Nishant Buliwal
    To: Vaishali
    Cc: sebi@sebi.gov.in
    Sent: Saturday, September 29, 2007 8:32 PM
    Subject: Re: CBI-64828108/NRR

    Dear Vaishali

    Why i Will bear 200 rs. for your mistake. I will not bear this
    type of expenditure. For my money why i will give you this
    type of bond. you contact your bank against confirmation.
    Please Give me my refund back i am not able to give you this
    type of bond. Otherwise you say to me how bear my additional
    200 rs. Expenditure.

    If you want more information related my refund then I will give
    you more information. But i am not able to give you a bond.
    What is guarantee for this after 200 rs. Bond. You will send me my refund. And you send me again my refund through to speed post and this time also I am not able to receive and then again I will give you this time of bound. Please you deposit my money in my Bank a/c 001201537146 in ICICI Bank. Please forgive me one and last time in future I will not invest in your bank.

    Please Do something for my refund and revert me back as soon as
    possible.

    On 9/29/07, Vaishali wrote:
    Dear Investor,

    For issuance of duplicate refund order you will have to execute and notarise the indemnity bond , on a non judicial stamp paper of Rs 200/- because indemnity bond is a banking requirement

    Thanks & Regards,
    Vaishali Sarang,
    ISRL, Mumbai.
    Tel -: 022-2596 0320/27
    Fax-: 022-25960328/29
    email id – vaishali.sarang@intimespectrum.com

    —– Original Message —–
    From: Nishant Buliwal
    To: Vaishali
    Cc: sebi@sebi.gov.in
    Sent: Friday, September 28, 2007 6:18 PM
    Subject: Re: CBI-64828108/NRR

    Dear Vaishali

    This is regarding dispatched the refund order no. 186590 for an amount of
    Rs 12240, Till date I had not received any speed post. Further speed post
    number EM052225906IN has not been traced at local post office at Jaipur and
    also at website of Department of Post. so I don’t think any such dispatch
    has been made by you.
    Despite my repeated requests my grievance has not been resolved hence i am
    forwarding a copy of this mail to SEBI.

    On 9/26/07, Nishant Buliwal wrote:

    Dear Vaishali

    This is regarding dispatched the refund order no. 186590 for an amount of
    Rs 12240, Till date I had not received any speed post. Further speed post
    number EM052225906IN has not been traced at local post office at Jaipur and
    also at website of Department of Post. so I don’t think any such dispatch
    has been made by you.
    Despite my repeated requests my grievance has not been resolved hence i am
    forwarding a copy of this mail to SEBI.

    On 9/21/07, Nishant Buliwal wrote:
    Dear Vaishali

    This is regarding dispatched the refund order no. 186590 for an amount of Rs 12240, We have not recived any speed post. Please arrange for the same.

    On 9/21/07, Vaishali wrote:
    Dear Investor,

    We have already dispatched the refund order no. 186590 for an amount of Rs 12240/- on 11/08/07 by speed post number EM052225906IN to your address as per demat account number mentioned in the application form and the same has not returned back to us till date.

    Please check it with your local post office with the speed post number

    Thanks & Regards,
    Vaishali Sarang,
    ISRL, Mumbai.
    Tel -: 022-2596 0320/27
    Fax-: 022-25960328/29
    email id – vaishali.sarang@intimespectrum.com

    —– Original Message —–
    From: Nishant Buliwal
    To: Vaishali
    Sent: Wednesday, September 19, 2007 12:55 PM
    Subject: Re: CBI-64828108/NRR

    Dear

    If you want more information related my refund then I will give you more information. But i am not able to give you a bond.

    Please Do something for my refund and revert me back as soon as possible.

    On 9/19/07, Nishant Buliwal wrote:
    Dear Vaishali

    why i Will bear 200 rs. for your mistake. I will not bear this type of expenditure. For my money why i will give you this type of bond. you contact your bank aganist confirmation. Please Give me my refund back i am not able to give you this type of bond. Otherwise your say to me how bear my additional 200 rs. Expenditure.

    Please revert me back as soon as possible.

    On 9/18/07, Vaishali wrote:
    Dear Investor,

    Modalities for Issuance of duplicate refund orders were not confirmed, owing to which, stop payment could not be confirmed and released by the refund banker. Now, refund banker has informed us that, duplicate refund order can be issued against indemnity bond executed by the investor on Non – judicial stamp paper of Rs 200/-. Hence, you are requested to execute the same as per the attached format and forward the same to us at our address as stated below

    INTIME SPECTRUM REGISTRY LIMITED,

    C-13 PANNALAL SILK MILLS COMPOUND,

    L.B.S MARG, BHANDUP (WEST),

    MUMBAI-400078 .

    Thanks & Regards,
    Vaishali Sarang,
    ISRL, Mumbai.
    Tel -: 022-2596 0320/27
    Fax-: 022-25960328/29
    email id – vaishali.sarang@intimespectrum.com

    —– Original Message —–
    From: Nishant Buliwal
    To: vaishali.sarang@intimespectrum.com
    Sent: Monday, September 17, 2007 2:33 PM
    Subject: Fwd: CBI-64828108/NRR Kindly do something please.

    ———- Forwarded message ———-
    From: Nishant Buliwal
    Date: Sep 14, 2007 4:31 PM
    Subject: Re: CBI-64828108/NRR

    To: vaishali.sarang@intimespectrum.com

    Dear Vaishali

    One more reminder mam please do something.
    I am not able to recive my refund back. I am sending you detail for refund.

    Please do something for my money back.

    Application No. : 64828105
    Applicant’s Name : NISHANT BULIWAL
    DP Id & Client Id : IN303028-52330963-8500949685
    Complete Address: G F 68 69,PHASE 3,ROYALTY MARG,JHALANA,JAIPUR,302017
    Bank A/c No : 001201537146
    Bank Name & Branch : ICICI C-Scheme Jaipur (Rajasthan)

    On 9/13/07, Nishant Buliwal wrote:
    Dear Vaishali

    This is my second reminder mam please do something.
    I am not able to recive my refund back. I am sending you detail for refund.

    Please do something for my money back.

    Application No. : 64828105
    Applicant’s Name : NISHANT BULIWAL
    DP Id & Client Id : IN303028-52330963-8500949685
    Complete Address: G F 68 69,PHASE 3,ROYALTY MARG,JHALANA,JAIPUR,302017
    Bank A/c No : 001201537146
    Bank Name & Branch : ICICI C-Scheme Jaipur (Rajasthan)

    ———- Forwarded message ———-
    From: Nishant Buliwal
    Date: Sep 11, 2007 3:37 PM
    Subject: Re: CBI-64828108/NRR

    To: Vaishali

    Dear Vaishali

    I am not able to recive me check yet.
    Do something for this please look into the matter.
    Revert me back as soon as possible.

    On 9/3/07, Vaishali wrote:
    Dear Investor,

    We are instructing for a stop payment, Duplicate shall be issued subject to receipt of unpaid confirmation.

    This will take approx 8 to 10 days.

    Please bear with us until then.

    Thanks & Regards,
    Vaishali Sarang,
    ISRL, Mumbai.
    Tel -: 022-2596 0320/28
    Fax-: 022-25960329
    email id – vaishali.sarang@intimespectrum.com

    —– Original Message —–
    From: Nishant Buliwal
    To: Vaishali
    Cc: CBI ; buliwal@gmail.com
    Sent: Monday, September 03, 2007 5:36 PM
    Subject: Re: CBI-64828108/NRR

    Dear Vaishali

    I am not able to recive my refund back. I am sending you detail for refund.

    Please do something for my money back.

    Application No. : 64828105
    Applicant’s Name : NISHANT BULIWAL
    DP Id & Client Id : IN303028-52330963-8500949685
    Complete Address: G F 68 69,PHASE 3,ROYALTY MARG,JHALANA,JAIPUR,302017
    Bank A/c No : 001201537146
    Bank Name & Branch : ICICI C-Scheme Jaipur (Rajasthan)

    Revert me back as soon as possible.

    On 8/30/07, Vaishali wrote:
    Dear Investor,

    Unit: Central Bank Of India

    Application No.: 64828105 Amount Paid: 12240

    With reference to your above query about the subject application, kindly note that the Refund Order (RO) No. 186590 drawn on CBI for Rs. 12240 was dispatched on 11/08/2007 by Speed Post vide no. 5222590 to your address given below as per your Demat Account :

    G F 68 69 PHASE 3, ROYALTY MARG,JHALANA, JAIPUR, 302017

    The same has not been returned to us as undelivered till date. Kindly submit the following details to enable us to process issue of duplicate refund order:

    Application No. :
    Applicant’s Name :
    DP Id & Client Id :
    Complete Address:
    Bank A/c No :
    Bank Name & Branch :

    On receipt of the above details, we will stop payment of the original Refund Order and on confirmation of the same, instruct Refund Banker to issue a duplicate Refund Order.

    This process will take about 8 – 10 days and we request you to bear with us till then.

    Thanks & Regards,
    Vaishali Sarang,
    ISRL, Mumbai.
    Tel -: 022-2596 0320/28
    Fax-: 022-25960329
    email id – vaishali.sarang@intimespectrum.com

  21. @Nishant – Though it sucks, this is the standard procedure for getting a duplicate refund order. The bank needs to ensure that you don’t cash in on both the refund orders. The bank can’t give a stop payment for the first cheque since if they give a stop payment without getting a indemnity bond from you, investor might later sue the bank for giving stop payment without getting the request for a new cheque in writing.
    I suggest you send them the indemnity bond as soon as possible and in future opt for the RTGS facilty to get IPO refunds.

  22. @Venkat – You will need to update this when you open your demat account. Typically, you will need to check the field which says “use ECS facility for receiving dividends, refunds etc” and provide a cancelled cheque for MICR number.

  23. From: Sandeep Arora
    To: Vaishali

    We wish to infrom you that our Customer have an account in your Meerut City Branch and we are salling many long times goods through by Your Branch CBI, Meerut City Branch.

    Your Meerut City Branch have Lost a Draft(Totally fault of Meerut City Branch), than issue us a duplicate draft S.S.No. 67/1327 PRINTED NO. 043609 DATED 13.10.2007 FOR RS. 22,755.13 in favour of “TRusound Pvt. Ltd.” by NBO, Parliament Street, New Delhi(Letter Ref. No. 1543 Dtd. 18/12/200, But NBO Branch (Mr. Mehta) told us “This cheque to be collect by Only Accounts Holder”. We wish to infrom you that We are a Pvt. Ltd. Company and director do not collect the Duplicate Draft and our banker do not certify signature any third party, so you are requested to you please courier us our Company Address : Trusound Pvt. Ltd. C-89, Sector-4, Noida, Utter Pradesh-201301, Phone No. 2534293 and Mobile No. 9899242272

  24. My name Bharat Bhushaan Jain

    I had applied for 120Equity Shares, but post allotment nothing have been alloted to me, kindly requested you to refund as soon as possible , undermention are the detail of application;
    My client ID 02862070
    My Application No. 61740748
    Applicant Name: Mamlesh Jain & Bharat Bhushan Jain
    Mode of payment : cheque no.444230 dt.25.07.2007 of Rs.12,240/- drawn on SBI Shastri Nagar,Meerut.
    Broker : Bonanza Portfolio Limited

    Thanking you,

  25. I have applied for 180 Shares. Paid money Of Rs 18360 by Cheque no 409683 dt 30.07.2007 State bank of Patiala T.T.Nagar Bhopal.
    Application no is 62981800
    Dmat A/C is 1302590000323115.
    Yet neither received Shares nor the refund of Ammount.

  26. Your post is very well crafted and I have learned so much about you interests and Wilshire. I?ve added your blog to my reading material. Thanks for the information!

  27. I have recetly purchased a computer from it icame to know about you.I had applied for share of central bank of india in the year of july 07 and deposited the form no 5 1654195 with state of state bank of india draft no :-219106 dated 18/07/07 of 18360 rupees and asked non refund / share related problem to the conserned officer as per prospectus ;but nothing has been done.

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