IDBI Bank raises ₹1,435 cr; issue subscribed by 44 QIBs - The Hindu BusinessLine

IDBI Bank raises ₹1,435 cr; issue subscribed by 44 QIBs
December 19, 2020
IDBI Bank’s Qualified Institutions Placement (QIP) issue has been subscribed by 44 Qualified Institutional Buyers (QIBs) aggregating to ₹1,435.18 crore, with five public sector banks (PSBs) collectively getting a chunk of the allotment.
The QIP issue was for ₹2,000 crore (base size ₹1,000 crore and green shoe option of ₹1,000 crore).
The QIBs, which have been allotted more than five per cent of the issue size, include Punjab National Bank (20.90 per cent); Bank of Baroda (13.94 per cent); State Bank of India (13.93 per cent); Indian Bank and Canara Bank (6.97 per cent each); and Societe Generale - ODI (5.66 per cent), the bank said in a regulatory filing.

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