"Bank of Baroda was one of the early movers in Public Sector Banks to have tapped the equity market in December 1996. Further the Bank has come out with a “Follow on Public Offer” of 71 million equity shares in January 2006. Today out of the total equity capital of Rs.365.53 crore, the “Public Shareholding" is as large as 46.19%, which is held by Retail Investors, Employees, Banks and Financial Institutions, FIIs and OCBs, Mutual Funds, Insurance Companies and Others.”