SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Canara Bank gains on plan to raise up to Rs 3,500 crore through QIP route

27 Dec 2017 Evaluate

Canara Bank is currently trading at Rs. 377.40, up by 2.80 points or 0.75% from its previous closing of Rs. 374.60 on the BSE.

The scrip opened at Rs. 379.90 and has touched a high and low of Rs. 384.00 and Rs. 372.50 respectively. So far 40842 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 463.40 on 26-Oct-2017 and a 52 week low of Rs. 250.26 on 02-Jan-2017.

Last one week high and low of the scrip stood at Rs. 384.00 and Rs. 363.75 respectively. The current market cap of the company is Rs. 22634.31 crore.

The promoters holding in the company stood at 66.30%, while institutions and non-institutions held 27.42% and 6.28% respectively.

Canara Bank has received an approval to raise up to Rs 3,500 crore capital through a Qualified Institutions Placement (QIP) route.

The board of bank at its meeting held on December 26, 2017 has decided to raise additional equity share capital amounting up to Rs 90 crore through qualified institutional placement (QIP) route, by issuing up to 9 crore equity shares of a face value of Rs 10 each with a premium to be decided as per the applicable guidelines/regulations for an aggregate amount not exceeding Rs 3,500 crore inclusive of such premium.

Canara Bank is an Indian state-owned bank headquartered in Bangalore, in Karnataka. It was established at Mangalore in 1906, making it one of the oldest banks in the country.

Canara Bank Share Price

142.35 1.30 (0.92%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
SBI 1080.35
PNB 114.50
Canara Bank 142.35
Bank Of Baroda 280.00
Union Bank Of India 188.90
View more..

About MoneyWorks4Me

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.

Our Vision

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.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

×