The bank's IPO will remain open between November 22 and 26, while allotment would be made on December 2, 2019. The shares would be listed on, both, the NSE and BSE on December 4.
The retail portion of the planned deal had received 10 billion riyals, it also said.
Building early momentum is important in large equity offerings, as investors are encouraged to jump in when they see other institutions rushing to buy shares.
The banks will be paid 35 basis points of the money raised, according to the three sources
The company's board has authorised the management to evaluate any such scheme in this regard, Forbes & Company said in a regulatory filing.
The bids for the offer can be applied for a minimum of 75 shares and its multiples
Saudi Aramco said it would sell 1.5 percent of the company in a blockbuster initial public offering worth between $24 billion and $25.6 billion
The IPO is part of the government's ambitious disinvestment programme that targets raising Rs 1.05 trillion via this route in financial year 2019-20
The company is seeking to raise between $24 billion and $25.6 billion by selling a 1.5% stake, putting it close to Alibaba Group Holding Ltd.'s $25 billion deal
The issue will comprise a secondary share sale worth Rs 600 crore by private equity major Everstone Capital and fresh fundraising worth Rs 400 crore
The fast-talking Keswani tells Pavan Lall what he learnt from former boss Russi Mody, how he was let down by a private equity investor and why he launched an upscale hotel in Udaipur
Markets regulator Sebi had received draft red herring prospectus for the proposed IPO on February 8
The Aramco listing is expected to be a major topic at a major investment summit that opened Tuesday in Riyadh
Sentiment in Hong Kong's primary market turned around as AB InBev revived its IPO plan for Budweiser Brewing Company APAC Ltd. last month
Details of the offering could change as the deliberations are ongoing
BellRing's IPO still fell short of the $570 million it was seeking to raise at the top end of that range
Records best-ever listing day gain for a government-owned firm
The IPO, which was open for subscription between September 30 and October 4, was subscribed 112 times
Industry experts say there may be few IPOs in the remaining part of the year and a pick-up in activity could be seen only during the first half of the next calendar year
13 filings made with Sebi until Sept; figure stood at 24 last year