The Hindu Business Line : Follow-on public issue<br>BoB price band at Rs 210-230, Andhra Bank's Rs 82-90

Both the follow-on issues will close on January 20. BoB has fixed the price band between Rs 210 and Rs 230 for its public issue of 7.1 crore equity shares. The minimum bid lot size for the issue would be 30 shares, said a press release from the bank.

At the lower band of Rs 210 per share, the bank will be able to mop up Rs 1,491 crore, while at the upper band of Rs 230, it could raise Rs 1,633 crore.

The book-running lead managers to the issue are SBI Capital Markets, DSP Merrill Lynch, ENAM Financial Consultants, HSBC Securities and Capital Markets (India) Private Ltd, JM Morgan Stanley, Karvy Investor Services, and Kotak Mahindra Capital Company.

The price band for Andhra Bank's public issue of 8.5 crore equity shares of Rs 10 each has been fixed at Rs 82- Rs90. The minimum bid size for the issue is 75 shares.

At the lower band of Rs 82, the bank could raise Rs 697 crore and at the upper end of Rs 90, it could raise Rs 765 crore.

Book-running lead managers to the issue are SBI Capital Markets, Citigroup Global Markets India, DSP Merrill Lynch, ENAM Financial Consultants, and Kotak Mahindra Capital Company.

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