The base offer consists of 38.51 crore equity shares, representing 2% of the bank’s paid-up equity share capital. The offer includes a green shoe option of up to 19.26 crore equity shares, representing an additional 1%, taking the total offer size to 57.77 crore equity shares, or 3% equity. IOB’s shares ended in the red today at ₹36.57 apiece on the BSE today, December 16.
