| The two institutions have thus invested Rs 628.12 crore considering that the float price was fixed at Rs 82 today. |
| "We have fixed the upper band at Rs 82, which will allow us to raise Rs 820 crore," said O N Singh, chairman and managing director of the bank. |
| The second issue, which offered in a price band of Rs 75 and Rs 82, saw more than 95 per cent of investors applying at the upper price band. |
| The issue was over subscribed 9.6 times. |
| The qualified institutional investor portion was oversubscribed 19.5 times while the foreign institutional investor (FII) portion was over subscribed 4.2 times. "They applied for a total of 4 crore shares," Singh said. |
| The retail portion on the other hand was subscribed around five times. |
| The issue closed on April 12. The government's stake following the second issue will decline to 55 per cent from 71.2 per cent. |
| The bank's capital adequacy ratio (CAR) will increase to 15.5 per cent after the issue from 13.45 per cent. |
| The bank offered 10 crore equity shares of which one crore was reserved for employees and another one crore for its existing retail shareholders. |
| Of the balance eight crore, four crore was for qualified institutional buyers and 1.2 crore for non-institutional buyers. The balance, 2.8 crore was for retail investors on a proportionate basis. |
| The issue was made to augment the capital base of the Bank and meet its future capital requirements arising due to Basel-II implementation. |
| The shares would be listed at major bourses like Bombay Stock Exchange, National Stock Exchange and Calcutta Stock Exchange. |
| The bank, which tapped capital market for first time in 2002, has a paid up capital of Rs 346.7 crore and is slated to rise to Rs 446.7 crore after the public offer. |
| Allahabad bank's car might take a hit of about 2.9 per cent after adoption of Basel-II norms that prescribes higher provisioning for operational and market risks. |
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