Central Bank of India IPO opening on July 24th 2007 as set the Price band at Rs85-102 a share, The bank is offering 80 million shares of Rs10 each at a price to be decided through the 100% book-building process. It has reserved 4 million shares for employees.Post-issue, the government’s shareholding in the bank would come down to 80.2%. The issue would constitute 24.68% of the pre-issue and 19.8% of the post-issue paid-up equity capital of the bank.
