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IndusInd Bank jumps on plans to raise up to $360 million by share sale

27 Nov 2012 Evaluate

IndusInd Bank is currently trading at Rs. 396.80, up by 12.20 points or 3.17% from its previous closing of Rs. 384.60 on the BSE.

The scrip opened at Rs. 388.00 and has touched a high and low of Rs. 397.00 and Rs. 387.30 respectively. So far 117156 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 397.50 on 27-Nov-2012 and a 52 week low of Rs. 221.75 on 02-Jan-2012.

Last one week high and low of the scrip stood at Rs. 397.00 and Rs. 367.20 respectively. The current market cap of the company is Rs. 18503.64 crore.

The promoters holding in the company stood at 19.38% while Institutions and Non-Institutions held 43.01% and 23.83% respectively.

IndusInd Bank has decided to raise up to $360 million by share sale, as it looks to boost its capital base. It has launched the share sale to institutional investors at a floor price of about Rs 374 a share. The bank has picked Morgan Stanley, brokerage CLSA and local investment bank JM Financial to manage the share offering.

The bank has registered a jump of over 29.60% in its net profit at Rs 250.25 crore for quarter ended 31st September 2012 as compared to Rs 193.09 crore in the corresponding quarter previous year. The total income of the bank has also increased by 31.05% to Rs 2048.42 crore for the quarter under review as compared to Rs 1563.07 crore in the same month last year.

 

Indusind Bank Share Price

1016.25 1.25 (0.12%)
10-Jul-2026 16:59 View Price Chart
Peers
Company Name CMP
HDFC Bank 824.25
ICICI Bank 1401.45
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Kotak Mahindra Bank 377.80
Indusind Bank 1016.25
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