Bandhan Bank is coming with an India’s biggest ever bank IPO. The Indian Bank is planning to launch Rs. 4,500 crore IPO in March 2018. The Kolkata-based Bandhan Bank is going to the public from 15th March 2018 to 19th March 2018. Bandhan Bank is a newest listed lender in India, which has a very prominent presence in the under-served eastern rural market. As per the sources, it will be the biggest ever initial share sale by a local bank.
The bank had sought permission from the market regulator SEBI on 1st January 2018. The SEBI had given its go ahead on 05th March 2018. It was estimated that the bank wants to raise Rs. 2,500 crores from the markets, but later the company has set the price band at Rs. 370 – Rs. 375 Per Equity Share, which makes this IPO worth Rs. 4,500 crores.
Bandhan Financial Holdings Ltd (BFHL) is the major stakeholder in the Bandhan Bank. The BFHL holds 89.76% stake, while International Finance Corp (IFC) and IFC FIG together own 4.94% and Caladium Investment an affiliate of Singapore’s sovereign wealth fund GIC holds 4.99% stake.
The IPO of will be a combination of fresh equity shares and an offer for sale. The Bandhan Bank IPO will consist of up to 9.76 crore fresh equity shares and an offer for sale of up to 1.40 crore shares by IFC and 75.65 lakh shares by IFC FIG Investment Co.
After the IPO, the BFHL’s holding will fall to 40%. As per RBI timeline, the holding company’s share stake should cut down to 20% and 15% within 10 to 12 years.
Now, those who want to apply for this IPO, Must download the Bandhan Bank DRHP from the given space of our website. We will also furnish Bandhan Bank IPO Allotment, Bandhan Bank IPO Review, Bandhan Bank IPO Financials, Listing Date, Price, Dates and other details at the below-given section. Please read all the things carefully before applying to the Bandhan Bank IPO.
Bandhan Bank IPO Grey Market Price, Rates, BDL GMP Premium
|21 March 2018||Rs. 22||Rs. 700|
Bandhan Bank IPO Subscription Details
|Category||SHARES OFFERED||15 March 2018||16 March 2018||19 March 2018|
Bandhan Bank IPO Allotment Status
Now, the subscription process is over and the registrar is now busy processing the allotment status online. Those, candidates who want to check the allotment of Bandhan Bank should check this page later.
Listing Date of Bandhan Bank
The shares will be listed on NSE and BSE on 27th March 2018.
Listing Day Figures (27th March 2018)
|BSE (541153)||NSE (BANDHANBNK)|
|IPO Price||Rs. 375||Rs. 375|
|Open||Rs. 485||Rs. 499|
|High||Rs. 498.40||Rs. 499|
|Low||Rs. 455||Rs. 455|
|Close||Rs. 477.20||Rs. 476.85|
Bandhan Bank Ltd Address
Download IPO DRHP / Prospectus
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