State Bank of Mysore has fixed the floor price at Rs 545 per equity share for its institutional placement programme (IPP).
The bank plans to raise upwards of Rs 66 crore.
The bank is going for IPP to increase its minimum public shareholding to 10 per cent. The current public shareholding is at 7.67 per cent.
The IPP issue opening date is May 31, 2013, and the closing date is May 31, 2013.