Dhanlaxmi Bank Ltd has proposed to mobilise Rs 51 crore by issuing 85 lakh equity shares with an issue price of Rs 60 per share with a face value of Rs 10 each.
The bank plans to raise funds to augment its long-term capital.
The shares will be issued would be on a preferential allotment basis, subject to the approval of RBI, SEBI and other authorities concerned, bank sources said.