The bank offered 80 million new shares, or 19.8% of the enlarged issued capital, at a price range of Rs85 to Rs102. Of the total shares issued, 57% were earmarked for the institutional tranche and 28.5% for retail investors. Another 5% were reserved for employees and 9.5% went to the non-institutional portion. Citi, Enam Financial Consultants, ICICI Securities, IDBI Capital Market Services and Kotak Mahindra Capital were joint bookrunners.
The offering drew Rs506 billion $12.5 billion worth of orders without price sensitivity, and the whole deal was 62 times...
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