Central Bank debuts with 29% premium

15161 Investors following Central Bank of. Share this News with them.

0

Like this story, share it with millions of investors on M3

Central Bank debuts with 29% premium

Public sector institution, the Central Bank of India has listed with premium of 29.22%, which is just below expected premium, at Rs 131.80 as against its issue price of Rs 102.

Post your opinion here

 

0

Tweet

Share on Tumblr

Central Bank BSE | NSE 25/05/12 Are Mutual Funds betting on Central Bank?

Public sector institution, the Central Bank of India has listed with premium of 29.22%, which is just below expected premium, at Rs 131.80 as against its issue price of Rs 102 and touched a high of Rs 135 in the beginning trade.

On the NSE, the share was trading at Rs 130.15, up 27.60, with volumes of 1,40,09,731 shares. It has hit a low of Rs 125.15 and turnover of Rs 180.72 crore, at 10:02 am.

The stock was quoting at Rs 130, with volumes of 21,98,559 shares on the BSE. It has touched a high/low of Rs 132 and Rs 125.15, respectively.

The stock has started trading in F&O market with a lot size of 2000 shares.

The company had come out with an initial public offering (IPO) of 80,000,000 equity shares of Rs 10 each for cash at a price to be decided through a 100% book building process and raised Rs 816 crore from that issue at Rs 102, higher end of the band. The issue was subscribed over 62.07 times.

After the issue, the shareholding of the Government of India in the bank has come down to 80.20%.