Andhra Bank(Merged) - IPO

Andhra Bank(Merged) IPO Details

Public issue of up to 85,000,000 equity shares of Rs. 10 each for cash at a price of Rs. 90 per equity share Aggregating Rs. 765 crores by Andhra Bank (the Bank or Issuer) (the Issue). The Issue comprises a net issue to the Public of up to 76,500,000 Equity Shares of Rs. 10 each (the net issue) and a reservation for eligible employees of up to 8,500,000 Equity Shares of Rs. 10 each, at the Issue Price. The Issue would constitute 17.53% of the total post issue paid-up Equity Capital of the Bank.

Objective of issue

To meet its future capital adequacy requirements. To augment the long-term resources of the Bank.

Andhra Bank(Merged) Contact Details

Andhra Bank(Merged), Sri Padmavati Bhavan, Plot No 93 Rd No 16, MIDC Andheri (E), Mumbai - 400093

Phone - 91-22-28372385

Fax - 91-22-28201783

Email - mbd@andhrabank.co.in

Website - www.andhrabank.in