Date: 05.08.2007 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.
CBI plans to expand significantly the number of branches to 1,000 under central banking solution(CBS) so as to cover approximately 80% of the business by the close of financial year ending March 2008 (FY 2008). Also, the bank has set a target to increase its ATMs to 500 from 261 (end March 2007) by end of this fiscal.
Objects of the Issue:The objects of the Issue are to achieve the benefits of listing on the Stock Exchanges & to raise capital
To augment capital base;
To meet the future capital requirements out of implementation of Basel 2 standard and growth of assets, primarily loans and investment portfolio.
CBI plans to expand significantly the number of branches to 1,000 under central banking solution(CBS) so as to cover approximately 80% of the business by the close of financial year ending March 2008 (FY 2008). Also, the bank has set a target to increase its ATMs to 500 from 261 (end March 2007) by end of this fiscal.
Objects of the Issue:The objects of the Issue are to achieve the benefits of listing on the Stock Exchanges & to raise capital
To augment capital base;
To meet the future capital requirements out of implementation of Basel 2 standard and growth of assets, primarily loans and investment portfolio.
Information
»» Public Issue Open : July 24, 2007 to July 27, 2007
»» Public Issue Open : July 24, 2007 to July 27, 2007
»» Public Issue Type : 100% Book Building Issue (Initial Public Offer IPO )
»» Public Issue Size: 80,000,000 Equity Share of Rs.10/- each
»» Public Issue Price: Rs. 85/- to Rs. 102/- Per Equity Share
»» Market Lot: 60 Shares
»» Minimum Order Quantity: 60 Shares
»» Maximum Subscription Amount for Retail Investor: Rs 100,000/-
»» Listing : BSE, NSE