Indian Overseas Bank Shares float
What is the Shares float of Indian Overseas Bank?
The Shares float of Indian Overseas Bank is 710.347M 4.32%
What is the definition of Shares float?
Shares float is the portion of shares of a corporation that are in the hands of public investors as opposed to locked-in stock.
= annual shares outstanding - closely held shares
Shares float represents the portion of shares of a corporation that are in the hands of public investors as opposed to locked-in stock held by promoters, company officers, controlling-interest investors, or government. This number is sometimes seen as a better way of calculating market capitalization because it provides a more accurate reflection of what public investors consider the company to be worth. In this context, the float may refer to all the shares outstanding that can be publicly traded
The float is calculated by subtracting the locked-in shares from outstanding shares. Stocks with smaller floats tend to be more volatile than those with larger floats. In general, the large holdings of founding shareholders, corporate cross-holdings, and government holdings in partially privatized companies are excluded when calculating the size of a public float.
Shares float of companies in the Finance sector on BSE compared to Indian Overseas Bank
What does Indian Overseas Bank do?
Indian Overseas Bank provides various banking products and services. The company operates through Treasury, Corporate/Wholesale Banking, Retail Banking, and Other Banking Operations segments. It offers saving bank and current accounts, term deposits, retail loans, debit and credit cards, NRI accounts, agricultural and rural banking products, MSME loans, and merchant banking services. The company operates through 3270 branches and 3032 ATMs in India. It also operates through branches located in Singapore, Hong Kong, Bangkok, and Sri Lanka. Indian Overseas Bank was founded in 1937 and is based in Chennai, India.
Companies with shares float similar to Indian Overseas Bank
- Gome Finance Technology Co has Shares float of 708.559M 26.23%
- Wallbridge Mining Co has Shares float of 708.570M 80.30%
- Wallbridge Mining has Shares float of 708.570M 80.30%
- AAC Technologies has Shares float of 708.858M 58.66%
- The Kroger Co has Shares float of 709.350M 96.48%
- The Kroger Co has Shares float of 709.350M 88.96%
- Indian Overseas Bank has Shares float of 710.347M 4.32%
- Senetas has Shares float of 710.872M 65.69%
- Sun International has Shares float of 710.906M 31.12%
- BBGI SICAV SA has Shares float of 710.996M 99.84%
- Reckitt Benckiser Plc has Shares float of 711.062M 99.53%
- CGG has Shares float of 711.727M 99.92%
- Minth has Shares float of 711.764M 61.37%