With the completion of the preferential issue to Promoters, IndusInd Bank has, in combination with the recent QIP issue, successfully raised Rs 5,081 crore of common equity through issuance of 6 crore new shares. The raised capital will be used to support the Bank's growth and also augment total Capital Adequacy Ratio.
The QIP issue addressed to foreign and domestic institutional investors was priced at 2.9% premium to the SEBI determined floor price at Rs 845 per share. The Preferential Issue for Promoters, namely IndusInd International Holdings and its subsidiary IndusInd; was priced at the higher of the QIP price and the SEBI determined floor price as applicable to preferential allotments at Rs 857.20 per share.
IndusInd Bank which commenced operations in 1994 caters to the needs of both consumer and corporate customers. Its technology platform supports multi-channel distribution networks. As on June 30, 2015, bahk has 811 branches and 1,543 ATMs spread across the country.
| Company Name | CMP |
|---|---|
| HDFC Bank | 784.90 |
| ICICI Bank | 1326.30 |
| Axis Bank | 1366.10 |
| Kotak Mahindra Bank | 371.20 |
| Indusind Bank | 848.30 |
| View more.. | |
MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.
To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.
MoneyWorks4Me ensures this through: