IOB plans to hit capital market

IOB plans to hit capital market

MUMBAI: Public sector Indian Overseas Bank (IOB) has decided to hit the market with an initial public offer at par to raise Rs 111.20 crore.Iob filed a draft of offer document with Securities and Exchange Board of India (SEBI) during the week ended February 4, 2000. SBI Capital Markets will lead manage the IOB issue, according to SEBI. During the week, SEBI received five other draft offer documents which seek to raise a total of Rs 47.56 crore.