Indian Overseas Bank (IOB) is currently trading at Rs. 57.30, up by 0.30 points or 0.53 % from its previous closing of Rs. 57.00 on the BSE.
The scrip opened at Rs. 57.10 and has touched a high and low of Rs. 57.60 and Rs. 56.55 respectively. So far 48453 shares were traded on the counter.
The BSE group 'A ' stock of face value Rs. 10 has touched a 52 week high of Rs. 89.90 on 06-Jun-2014 and a 52 week low of Rs. 42.15 on 30-Jan-2014.
Last one week high and low of the scrip stood at Rs. 60.10 and Rs. 55.85 respectively. The current market cap of the company is Rs. 7078.55 crore.
The promoters holding in the company stood at 73.80 % while Institutions and Non-Institutions held 17.29 % and 8.91 % respectively.
Indian Overseas Bank (IOB) has launched an issue of Unsecured, Non-Convertible, Additional Tier -I, Basel III Compliant Perpetual bonds to the extent of Rs 1,000 crore. This includes a green shoe option of Rs 300 crore to augment additional Tier-I capital and strengthen capital adequacy under Basel-III norms.
The issue will have a face value of Rs 10 lakh per bond and carry a coupon rate of 10% per annum payable annually. The bond issue opened on January 23 for subscription and would close on February 4, 2015. The deemed date of allotment would be February 4, 2015.
