Saturday, July 14, 2007

Central Bank of India IPO Opening on July 24

Hi Friends,

Incorporated in 1911, Central Bank of India is the first Indian commercial bank which was wholly owned and managed by Indians. Central Bank of India branches are spread in 27 out of 28 States as also in 4 out of 7 Union Territories in India. Central Bank of India holds a very prominent place among the Public Sector Banks on account of its network of 3194 branches and 267 extension counters at various centers throughout the length and breadth of the country. Central Bank of India has over 25 million account holders.

Central Bank of India is entering the capital markets with an initial public offering, IPO of 80,000,000 Equity Shares, for cash, at a premium to be decided through a 100% Book Built Issue.
The price band for the issue has been fixed at Rs 85/- at lower level and Rs 102/- at upper level for equity share of Rs 10. The issue opens on July 24, 2007, and closes for subscription on July 27, 2007. The equity shares of the company are proposed to be listed on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE).

Click here for more information about Central Bank of India IPO.