State Bank of Mysore has offered 12,13,630 shares (face value Rs.10/-) by way of an IPP to QIBs on 31.05.2013. This was done to increase the public shareholding to 10% from the existing level of 7.67% as mandated by SEBI. The floor price was fixed at Rs.545 per share including the premium of Rs.535 per share. The issue was subscribed 1.22 times. The Bank has since allotted the 12,13,630 shares to the investors and Rs.66.14 crores capital was raised. With this issue, SBI’s share holding in the equity of the Bank is now at 90% and the public share holding is at 10%.
