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Open
7 Jul 2005
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Close
13 Jul 2005
3
Allotment
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Listing
Mon, Aug 1, 2005
Price Band
₹46 to ₹50
Issue Size
5,00,00,000 shares (agg. up to ₹250 Cr)
Listing Date
Mon, Aug 1, 2005
✦ AI Insight
Live Subscription
| Category | Subscription (times) |
|---|---|
| Total | 29.13x |
Restated Financials (₹ Cr.)
| Period Ended | 31 Mar 2005 | 31 Mar 2004 | 31 Mar 2003 |
|---|---|---|---|
| Assets | 52,109.43 | 47,223.18 | 34,422.24 |
| Total Income | 4,321.59 | 3,861.74 | 3,370.28 |
| Profit After Tax | 430.41 | 432.80 | 343.80 |
| NET Worth | 2,206.99 | 1,886.24 | 1,561.89 |
| Reserves and Surplus | 1,735.02 | 1,414.29 | 1,089.94 |
| Total Borrowing | 322.01 | 222.45 | 78.77 |
| Amount in ₹ Crore |
Peer Comparison
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| Oriental Bank of Commerce | Mainboard | ₹1,450.00 Cr | ₹250 | 7.02 | ₹257.40 | +2.96% | (+0.00%) |
| Allahabad Bank | Mainboard | ₹820.00 Cr | ₹82 | 6.14 | ₹76.20 | -7.07% | (+0.00%) |
| Punjab National Bank | Mainboard | ₹3,120.00 Cr | ₹390 | 9.33 | ₹387.90 | -0.54% | ₹105.77 (+0.57%) |
Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | To augment the capital base to meet future capital requirements arising out of the implementation of Basel II standards and the growth in assets, primarily the loan and investment portfolio, due to the growth of the Indian economy. | |
| 2 | General Corporate Purpose including meeting the expenses of the Issue. | |
| Total | 0.00 |
About Syndicate Bank FPO
Syndicate Bank is one of public sector banks, established in 1925 in Manipal, Karnataka. It was founded by T. M. A. Pai, Upendra Ananth Pai, and Vaman Kudva with the objective of promoting financial inclusion and supporting small businesses and local communities. The bank initially operated under the name Canara Industrial and Banking Syndicate Limited and became widely known for its innovative Pigmy Deposit Scheme, which encouraged small daily savings, earning it the nickname “small man’s bank.” Syndicate Bank was nationalised in 1969 along with other major banks in India and expanded its presence across the country, offering retail banking, corporate banking, loans, deposits, and investment services.+ Read More
Contact Details
Syndicate Bank AddressManipal 576 104Udupi, Karnataka, 57610491 820 257 1181inrc@syndicatebank.netVisit Website