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IDBI Bank gains on plan to raise Rs 1,200 crore through QIP route

19 Nov 2013 Evaluate

IDBI Bank is currently trading at Rs 67.00, up by 0.80 points or 1.21% from its previous closing of Rs. 66.20 on the BSE.

The scrip opened at Rs. 66.00 and has touched a high and low of Rs 67.30 and Rs 66.00 respectively. So far 175030 shares were traded on the counter.

The BSE group 'A' stock of face value Rs 10 has touched a 52 week high of Rs 118.20 on 09-Jan-2013 and a 52 week low of Rs. 52.30 on 04-Sep-2013.

Last one week high and low of the scrip stood at Rs 66.55 and Rs 63.25 respectively. The current market cap of the company is Rs 8949.57 crore.

The promoters holding in the company stood at 71.72% while Institutions and Non-Institutions held 16.70% and 11.58% respectively.

IDBI Bank, the public sector lender is planning to raise up to Rs 1,200 crore through qualified institutional placement (QIP) in FY14. During the current financial year, the bank has required an additional Rs 3,000 crore, of which Rs 1,800 crore will come from the Government and the rest will have to be raised via QIP route.

Recently, the bank has been allotted Rs 1,800 crore in support from the government, as part of the Centre’s Rs 14,000-crore capital infusion programme for banks during this fiscal.

IDBI Bank is the youngest, new generation, public sector universal bank that rides on a cutting edge core banking Information Technology platform. This enables the bank to offer personalized banking and financial solutions to its clients through its 1,111 branches and 1821 ATMs.

IDBI Bank Share Price

75.07 0.78 (1.05%)
17-Apr-2026 16:59 View Price Chart
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