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Development Credit Bank IPO is a Book Building IPO listing on BSE,NSE exchange, with an ipo size of ₹ 185.90 Cr. The company is based in Mumbai and caters to Banking And Finance sector. Axis Capital , Jm Morgan Stanley are the merchant bankers of Development Credit Bank IPO. It is a MainBoard IPO which filed its Draft Red Herring Prospectus (DRHP) on 30th November -0001. Development Credit Bank IPO open date is 29th September 2006 and close date is 6th October 2006. IPO Allotment Date is 30th November -0001 and Listing date is 27th October 2006.
IPO
Size:
₹ 185.90 Cr.
Avg IPO Size (Sector Based)
: ₹
1,889.77 cr.
Sector: Banking And Finance
IPO so far:
84
Merchant Banker:
Axis Capital
IPO by BRLM so far:
167
City:
Mumbai
IPO so far:
207
Revenue (annualised):
₹
357.43
cr. 
PE
Ratio:
0.00x
Average Sector PE Ratio: 20.75x
Development Credit Bank IPO size is ₹ 185.90 Cr. with IPO price of ₹ 26.00. IPO subscription will start on IPO open date and end on IPO close date as per above. IPO valuation metrics can be seen here.
Axis Capital Limited is the book-running lead manager of the Development Credit Bank IPO. Link Intime India Private Limited is the Registrar for Development Credit Bank IPO.
Development Credit Bank IPO Draft red herring prospectus (DRHP) and Red Herring prospectus (RHP) are available below.
Development Credit Bank IPO, based in Mumbai, operates in the Banking And Finance sector with a focus on bank. The company is launching its MainBoard IPO on the BSE,NSE exchange, using the Book Building Issue method. Development Credit Bank IPO size is ₹ 185.90 Cr. with fresh issue size of ₹ 186 Cr. and Offer for sale being ₹ Nil
The IPO allotment date for Development Credit Bank IPO is expected to be 30th November -0001, after the finalization of basis of allotment. Investors can check Development Credit Bank IPO allotment status on the registrars website, Link Intime India Private Limited . Development Credit Bank IPO refund dates are 30th November -0001.
Development Credit Bank IPO is expected to be listed on 27th October 2006.
The upper price band for the Development Credit Bank IPO is set at ₹ 26.00 per equity share. IPO price band is arrived at on the basis of IPO Valuation (P/E multiple) which is mentioned in the RHP.
For IPO analysis on Development Credit Bank IPO, explore our Financial Review Page for insights on fundamentals, peer analysis, and key IPO data, assisting investors to make informed decisions to apply or not.
To apply for the Development Credit Bank IPO, investors can use the ASBA (Application Supported by Blocked Amount) process via their bank's net banking or apply through UPI using a registered broker or trading app. The IPO is available in retail, HNI, and institutional investor categories. Investors must select the lot size, enter bid details within the price band, and submit their application before the IPO closing date of 6th October 2006. After submission, funds are blocked until the basis of allotment of Development Credit Bank IPO is finalised.
The merchant banker for Development Credit Bank IPO is Axis Capital Limited , Jm Morgan Stanley Private Limited . Axis Capital Limited , Jm Morgan Stanley Private Limited manages the IPO process, including underwriting, regulatory compliance, and investor coordination. Investors can refer to the Development Credit Bank IPO RHP for further details.
The registrar for Development Credit Bank IPO is Link Intime India Private Limited . Investors can go to Link Intime India Private Limited registrar website for IPO allotment status, refund processing, and other queries related to Development Credit Bank IPO through their official website or helpline.
Development Credit Bank IPO was subscribed 0.00 times. Stay updated on IPO details, subscription, and allotment news for informed investment decisions.
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IPO
Size:
₹ 185.90 Cr.
Avg IPO Size (Sector Based)
:
₹ 1,889.77 Cr.
Sector: Banking And Finance
IPO so far:
84
Merchant Banker:
Axis Capital
IPO by BRLM so far:
167
City:
Mumbai
IPO so far:
207
Revenue (annualised):
₹ 357.43 cr.
PE
Ratio:
0.00x
Average Sector PE Ratio: 20.75x
Development Credit Bank IPO may offer opportunites, depending on your investment strategy. For in-depth analysis, risk factors, and KPIs, check our detailed report on Development Credit Bank Financial Review Page
Merchant Banker(s) of Development Credit Bank IPO: Axis Capital Limited , Jm Morgan Stanley Private Limited
Development Credit Bank IPO subscription was 0.00 X. IPO subscription refers to applications received in an IPO by each quota, i.e., QIB, Retail, and NII. In some IPOs, Eligible employee quota and shareholder’s quota are also present. Learn more about IPO subscriptions here.
Development Credit Bank IPO listed at a listing price of 47.50 against the offer price of 26.00.
The current market price of Development Credit Bank is 129.37.
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