|
|
| Discuss Dena Bank IPO at the Initial Public Offers (IPO's) within the Traderji.com - Discussion forum for Stocks Commodities & Forex; Dena Bank IPO price band at Rs 23-27 12/1/2004 MUMBAI: State-owned Dena Bank has finalised ... |
|
|||||||
| Initial Public Offers (IPO's) Think you know of an IPO that looks attractive? Or are looking to invest in the latest IPO? Go ahead and make your post in this exclusive IPO forum! |
 |
|
|
Thread Tools |
|
#1
7th December 2004, 09:09 PM
|
|||
|
|||
Dena Bank IPO
Dena Bank IPO price band at Rs 23-27 12/1/2004 MUMBAI: State-owned Dena Bank has finalised its over Rs 200 crore second public issue, scheduled to hit the market in the first quarter of next fiscal with a price band of Rs 23-27. The bank's board met on Wednesday and gave its nod for the issue, with a face value of Rs 80 crore, of 8 crore shares to the public which will bring down the Centre's stake in the bank to 51%. The Centre will dilute its 20% stake in the bank to 51% and this is for the first time that any bank has been permitted to bring down the government stake to 51%. The bank is planning to file its prospectus on December 3rd and the lead managers of the issue are JM Morgan and SBI Caps. The bank needed capital to boost its capital adequacy ratio to 12% from 10% to expand its business. On the possible merger of the bank with another institution, bank has an immediate target to bring down sticky assets to 5% and increase the capital adequacy ratio to 12% in near future. The bank had accessed the capital market six-seven years back with issues of Rs 30 (Rs 10+20) per share. Dena Bank's stock was down 4.84% to Rs 30.45 on Thursday, coming off its day's high of Rs 32.90 on selling pressure at the counter after the bank announced that it had fixed a price band of Rs 23 to Rs 27 for its second public offer for Rs 80 crore. Over 9.61 lakh Dena Bank shares were traded on December 1st . More banks like Punjab National Bank, Bank of Baroda and Bank of India are now working on their second public issue plan. 
|
| Sponsored Links |
|
| Bookmarks |
| Thread Tools | |
|
|
Similar Threads for: Dena Bank IPO
|
||||
| Thread | Thread Starter | Forum | Replies | Last Post |
| Dena Bank Ipo | nilendud | Initial Public Offers (IPO's) | 10 | 25th May 2005 10:41 AM |
| List of new IPO | TATrader | Initial Public Offers (IPO's) | 0 | 13th March 2005 08:15 PM |
| Dena Bank Ipo | amh | Initial Public Offers (IPO's) | 12 | 10th February 2005 11:49 AM |
| Dena Bank public issue to come soon | TATrader | Initial Public Offers (IPO's) | 1 | 19th November 2004 02:42 PM |
| Indian Bank and Central Bank of India are planning initial public offerings (IPO) | TATrader | Initial Public Offers (IPO's) | 0 | 18th September 2004 08:09 AM |
Indemnity, Disclaimer & Disclosure
Notice:
• By visiting Traderji.com you automatically indicate that you agree to our Forum Rules, Indemnity, Disclaimer & Disclosure Notice and General Content Disclaimer Notice and indemnify Traderji.com, its
associates and related parties of all claims howsoever resulting from
the usage of the forum/site.
• Disclaimer: Trading or investing in stocks & commodities
is a high risk activity. Any action you choose to take in the markets
is totally your own responsibility. You are recommended to make appropriate enquiries and seek appropriate advise before sending money, incurring any expenses, acting on recommendations or entering into any commitment in relation to any advertisement published here. Traderji.com does not vouch for any claims made by the advertisers of products and services. Traderji.com will not be held liable for any consequences in the event such claims are not honoured by the advertisers. Traderji.com will not be liable for
any, direct or indirect, consequential or incidental damages or loss arising out of the use of any information by anybody mentioned anywhere on this site.
• Disclosure: The information in this forum is neither an offer to sell nor solicitation to buy any of the securities mentioned herein.
The writers may or may not be trading in the securities mentioned.
• All names or products mentioned are trademarks or registered trademarks of their respective owners.
General Content Disclaimer Notice:
In light of our policy of encouraging candid, open exchanges of views and the rapid distribution of information originating from many sources, Traderji.com cannot determine the accuracy of information that may be uploaded to the forum. Opinions, advice and all other information expressed by participants in discussions are those of the author. You rely on such information at your own risk. You are urged to seek professional advice for specific, individual situations and not rely solely on advice or opinions given in the discussions. Since Traderji.com is an open and free discussion forum, any comments made by members of this forum in their posts reflect their own views and not of the owner or administrator of Traderji.com. Thus the owner/administrator indemnify themselves of all claims whatsoever and will not be liable or responsible for any members comments/views in this forum Traderji.com. If you find any objectionable or offensive posts made by members of this forum which you would like to bring to our notice for removal then please Contact Us.
