IDBI Bank raises Rs. 1435.18 crore through QIP

The Committee of IDBI Bank ltd at its meeting held today i.e. December 18, 2020 has passed the resolution approving and adopting the placement document dated December 18, 2020 and issuance of confirmation of allocation note to successful bidders in the QIP, intimating them of allocation of Equity shares pursuant to the QIP.

The QIP issue for Rs. 2000 crore (Base size Rs. 1000 crore and Green shoe option of Rs. 1000 crore) has been subscribed by 44 (Forty Four) QIBs aggregating to Rs. 1435.18 crore at the issue price of Rs. 38.60 per equity share and involving issue of 37,18,08,177 equity shares to the subscribers.

Shares of IDBI BANK LTD. was last trading in BSE at Rs.40.5 as compared to the previous close of Rs. 41.2. The total number of shares traded during the day was 241029 in over 1247 trades.

The stock hit an intraday high of Rs. 41.8 and intraday low of 40. The net turnover during the day was Rs. 9745159.

Source : Equity Bulls

Keywords