Bank of Baroda gains on raising Rs 4,500 crore through QIP

04 Mar 2021 Evaluate

Bank of Baroda is currently trading at Rs. 85.90, up by 0.30 points or 0.35% from its previous closing of Rs. 85.60 on the BSE.

The scrip opened at Rs. 85.50 and has touched a high and low of Rs. 87.80 and Rs. 83.45 respectively. So far 2131578 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 99.80 on 19-Feb-2021 and a 52 week low of Rs. 36.05 on 20-May-2020.

Last one week high and low of the scrip stood at Rs. 87.80 and Rs. 82.90 respectively. The current market cap of the company is Rs. 39806.18 crore.

The promoters holding in the company stood at 71.60%, while Institutions and Non-Institutions held 15.62% and 12.79% respectively.

Bank of Baroda has raised Rs 4,500 crore equity capital through qualified institutional placement (QIP). The capital raising committee of the board on March 3, 2021 approved the issue and allotment of 55,07,95,593 equity shares to eligible qualified institutional buyers at issue price of Rs 81.70 per share against the floor price of Rs 85.98 apiece. Total seven buyers were allotted more than five per cent of the equity shares offered in the issue.

Pursuant to the allotment of equity shares in the issue, the paid-up equity share capital of the bank stands increased to Rs 1,034.27 crore, comprising 517,13,62,179 equity shares.

Bank of Baroda is engaged in providing various services, such as personal banking, corporate banking, international banking, small and medium enterprise (SME) banking, rural banking, non-resident Indian (NRI) services and treasury services.

Bank Of Baroda Share Price

262.50 0.00 (0.00%)
18-May-2024 12:50 View Price Chart
Peers
Company Name CMP
SBI 821.30
Bank Of Baroda 262.50
PNB 126.15
Canara Bank 114.50
Union Bank Of India 141.15
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