Bandhan Bank Limited IPO

Add to Calendar 2018-03-15 12:00 AM 2018-03-19 12:00 AM Asia/Kolkata Bandhan Bank Limited IPO Bandhan Bank Limited India

Bandhan Bank is a banking sector based organization operating from Kolkata. The company focuses on micro banking and normal banking services through more than 2500 doorstep service center and 860 bank branches and 386 ATMs service more than 1.87 million customers.  The company has a strong presence in east and north east india.

Date of establishment:  Bandhan bank was incorporated in 2014.

Product & Service Offering:  The company offers microfinance as well as banking services.

Promoters of Bandhan Bank: The Promoters of the Bank are Bandhan Financial Services Private Limited (BFSL), BFSL, FIT and NEFIT.

Customer segment:  Bandhan bank focuses on retail banking and microfinance system. The company has a strong presence through its distribution network in West bengal, Assam and bihar. Company serves 1.87 million customers in north east and east india

Objects of the Issue:

The Issue comprises of a Fresh Issue and an OFS.

Fresh Issue:

The object of the fresh issue is to augment Bank's Tier-I capital base to meet Bank's future capital requirements.

Offer for Sale:

The Selling Shareholders will be entitled to the respective portion of the proceeds of the Offer for Sale.

Company Financials:

Particulars

For the year/period ended (in Rs. million)

 

31-Mar-17

31-Mar-16

31-Mar-15

     

Total Assets

302,360.90

197,565.00

5,268.88

     

Total Revenue

43,201.23

17,312.54

79.53

     

Profit After Tax

11,119.52

2,752.47

5.76

     

Issue Detail

  • Issue Open: Mar 15, 2018
  • Issue Close: Mar 19, 2018
  • Issue Type: Book Built Issue IPO
  • Face Value: Rs 10 Per Equity Share
  • Price Band: Rs 370 - Rs 375 Per Equity Share
  • Bid Lot:40 Shares
  • Minimum Order Quantity:40 Shares
  • Listing At: BSE, NSE
  • Issue Size: • Rs 4,473.02 Cr

Current Bidding Status

Number of Times Subscribed (BSE + NSE)
As on Date & Time QIB NII RII Employee Others Total
Shares Offered / Reserved 23,856,099 17,892,075 41,748,173 - - 83,496,347
Day 1 - Mar 15, 2018IST 1.2600 0.0100 0.1200 - - 0.4200
Day 2 - Mar 16, 2018IST 2.3300 0.2400 0.3300 - - 0.8800
Day 3 - Mar 19, 2018IST 38.6779 13.8939 1.0589 - - 14.5619
Day 4 - Mar 19, 2018IST 1.5500 2.1600 0.4500 - - 1.2400

Listing Day Trading Information

- BSE NSE
Issue Price Rs 375.00 Rs 375.00
Open Rs 485.00 Rs 499.00
Low Rs 455.00 Rs 455.00
High Rs 498.40 Rs 499.00
Last Trade Rs 477.20 Rs 476.85
Volume 13,907,287 91,036,634

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