Kolkata: Punjab National Bank and IDBI Bank have offered about 5% discount to investors over the floor price of their qualified institutional placements after receiving a lukewarm response.
PNB managed to raise Rs 3788 crore against the targeted Rs 7000 crore. IDBI Bank did not say how much it raised but it was much below the target of Rs 2000 crore.
PNB raised the capital at Rs 35.50 per equity share over face value of Rs 2 per share, against the floor price of Rs 37.35, the bank said in a regulatory filing to stock exchanges.
IDBI Bank sold the shares at 38.60 per equity share, including a premium of 28.60, which is at a discount of about 5% to the floor price of 40.63, it said in a separate filing.
