Wednesday, January 04, 2006

Bank of Baroda-IPO

Issue Opens: 16 January, 2006
Issue Closes: 20 January, 2006
Issue Size : 71,000,000 (No. of Shares)

Lower Price Band : Rs.200
Upper Price Band : Rs.225

Application Multiple: 25and in multiples of 25.

Information URL : http://www.bankofbaroda.com
Prospectus URL : http://www.sebi.gov.in/dp/bobdraft.pdf

*The above price band is indicative

About:
Bank of Baroda is one of the early birds to have tapped the equity market in December 1996 after returning the Govt. capital of Rs 381 crores. Today, out of the total equity capital of Rs 294 crores, one third is held by non-Govt. investors comprising employees, retail investors, banks and financial institutions, FIIs and OCBs, Mutual Funds and insurance companies.

Bank Of Baroda has now started working from 8am to 8pm to encouter the competition it faces from other private sector bank. Also it has setup a siginificant number if ATM's in the last few months.

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