Bandhan Bank IPO Allotment Status, Bandhan Bank Allotment Date

By | March 22, 2018

Bandhan Bank IPO Allotment Status, Bandhan Bank Allotment – Welcome to the grey market website. Investors who are exploring the internet to find the allotment status of Bandhan Bank IPO should note that the allotment is out now. Those who have applied for the initial public offer (IPO) of Bandhan Bank should check the website of the registrar to know the status of their application. As we all know that on the last day, Bandhan Bank IPO subscribed 14.63 times. The investors who are now looking for the IPO Allotment of Bandhan Bank should read all the information given here very carefully. After reading this information, they will know all the relevant details about the IPO along with the direct link of the allotment. Please see the bottom part of this webpage to get the allotment link of Bandhan Bank.

Bandhan Bank IPO Allotment

The IPO is closed for the subscription, now we check some basic details about the IPO.

  1. Name of the IPO: Bandhan Bank
  2. Dates: 15th March 2018 to 19th March 2018
  3. IPO Price: Rs. 370 – Rs. 375 Per Equity Share
  4. Bandhan Bank IPO Allotment Date: 25th March 2018
  5. IPO Registrar: Karvy Computershare Private Limited
  6. Promoter: BFHL, BFSL, FIT and NEFIT

We like to remind again few points about the IPO as mentioned above.  The IPO of Bandhan Bank was open for the public subscription from 15th March 2018 to 19th March 2018. The price band of the IPO was fixed between Rs. 370 – Rs. 375 Per Equity Share. The face value of the IPO was Rs 10 Per Equity Share and the market lot was 40 shares. Now the subscription is over and allotment is awaited. The allotment will be declared soon on the official website of the registrar. Let’s check the subscription details of the IPO.

Bandhan Bank IPO Subscription Details

CategorySHARES OFFERED15 March 201816 March 201819 March 2018
RII417481730.120.331.20
NII178920750.010.2413.89
QIB238560991.262.33
38.67
Total834963470.420.8814.63

The IPO  received bids for 122.15 crore shares on the last day of subscription. The issue was subscribed 14.63 times. The category reserved for the non-institutional investors has subscribed 13.89 times and the retail individual investors (RIIs) category received a subscription of 1.20 times. You can check the IPO subscription at the above-displayed table.

Bandhan Bank Allotment Date

Bandhan Bank is based in Kolkata. It was a microfinance company. It had specialization in in small-value loans. Later in 2014, it won the bank permit from the Reserve Bank of India, the first new bank licensing process in a decade. It has a strong network in North-East India, West Bengal, Assam and Bihar.

The expected date of the Bandhan Bank IPO Allotment would be 25th March 2018. It is expected date of allotment. We will display the link to the allotment as soon as it comes on the official website. Investors should note that the Karvy Computershare Private Limited is the registrar of the IPO and post subscription process is underway. It will be announced shortly and the link will be given here / https://corpreg.karvy.com/ipostatus/.

Check Allotment Status Now.

One thought on “Bandhan Bank IPO Allotment Status, Bandhan Bank Allotment Date

  1. ANADI GOBINDA SARKAR

    Against retail investor quota,I have applied for 520 shares but got allotment of only 98 shares when the subscription was only 1.2 times. Please inform me the basis of allotment

    Reply

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