Technical Fact Sheet:
PUBLIC ISSUE OF 80,000,000 EQUITY SHARES OF RS. 10 EACH (“EQUITY SHARES”) OF CENTRAL BANK OF INDIA (THE “BANK” OR THE “ISSUER”) FOR CASH AT A PRICE OF RS. 102 PER EQUITY SHARE (INCLUDING A SHARE PREMIUM OF RS. 92 PER EQUITY SHARE) AGGREGATING RS. 8,160 MILLION (THE “ISSUE”). THE ISSUE INCLUDES A RESERVATION OF 4,000,000 EQUITY SHARES OF RS. 10 EACH FOR THE ELIGIBLE EMPLOYEES (THE “EMPLOYEE RESERVATION PORTION”). THE ISSUE LESS THE EMPLOYEE RESERVATION PORTION IS REFERRED TO AS THE “NET ISSUE”. THE ISSUE WILL CONSTITUTE 24.68% OF THE PRE ISSUE AND 19.80% OF THE POST ISSUE FULLYDILUTED PAID-UP EQUITY CAPITAL OF THE BANK.
ISSUE PRICE: Rs. 102 PER EQUITY SHARE OF FACE VALUE OF Rs. 10 EACH.
Central Bank of India (CBI) has been included by NSE in futures & options (F&O) segment from stock’s debut day in the cash segment on Tuesday, 21 August 2007. The lot size of CBI in F&O has been fixed at 2000.
CBI had priced its initial public offer (IPO) at Rs 102, at the top end of the Rs 85 to Rs 102 price band. The bank had come out with an IPO of 8 crore shares last month. The issue was subscribed 62 times. At Rs 102, the IPO was priced 8.29 times its FY 2007 EPS of Rs 12.30 on post-IPO equity of Rs 404.14 crore.
After the issue, the shareholding of the union government in the bank has come down to 80.20%.
The current price of Rs 132.60 discounts its FY 2007 EPS of Rs 12.30 on post-IPO equity of Rs 404.14 crore by a PE multiple of 10.78.
Central Bank of India (CBI) IPO had ended on 27 July 2007 with 62.07 times subscription. The qualified institutional buyers (QIBs) category was subscribed 89.11 times, the non-institutional investors category 69.56 times, the retail investors category 92.35 times and the employees category 0.95 times.
Central Bank of India
| Chairman | H A Daruwalla |
| NSE Code | CENTRALBK |
| Div & Yield (%) | 2.18 |
| Market Cap | 5,696.35 |
| Industry | Banking – Public Sector |
| BSE Code | 532885 |
| ISIN Demat | INE483A01010 |
| Book Value | 82.15 |
| P/E | 11.83 |
| Eps | 11.91 |
| Face Value | 10 |
Astrological Analysis:
According to Reverse Book’s horoscope, major planets like Mercury, Ketu, Sun and Saturn are present in the 12th house. This might bring problems like disagreement, difference of opinion, breaking of agreement and problems related to outflow.
However, according to its incorporation date (11th December, 1911), Jupiter is transiting through its Sun promising good results.
The time after 24th December 2007 might bring good news for Central Bank. This will also bring a high jump in the share price of Central Bank.
May Lord Ganesha bless Central Bank with success and progress!
Ganesha’s Grace,
Dharmesh Joshi,
www.GaneshaSpeaks.com