Bandhan Bank Limited IPO will get listed soon on both of the Exchange i.e. Bombay Stock Exchange (BSE) and National Stock Exchange (NSE). Interested clients can fetch important information as issue Price, Dates of the IPO, Company Profile, Allotment Status, Listing Dates, Subscription details, application form & research recommendation etc. Bandhan Bank Ltd has drafted a Red Herring Prospectus and got approval for the same from the Regulatory firm Securities Board of India. Bandhan Bank IPO is scheduled for March 15, 2018 with a price band of Rs. 370- Rs. 375 per equity share. The lot size of applying Bandhan Bank IPO is for 40 shares. One can apply via ASBA to avail the benefit of listing Bandhan Bank IPO. The maximum application of amount for retail investor stood at Rs. 2 lacs.
Company profile:-
Bandhan Bank was incorporated on December 23, 2014 at Kolkatta, West Bengal, India. It is dealing in the sector of banking and finance. The firm is authorized to offer its banking services pan India across customer segments after being issued its banking license by RBI. It offers several financial products of asset and liability for general banking and micro banking. Under its asset products, the company offers retail loan consisting a substantial portfolio of micro loans, as well as micro, small and medium enterprise (“SME”) loans and small enterprise loans. Additionally, it provides savings accounts, current accounts and a variety of fixed deposit accounts under its liability products. The firm also offers other banking products and services to generate non-interest income under loan and deposit products. It manages a strong distribution network which is based in East and Northeast India, with West Bengal, Assam and Bihar together accounting for 57.75% and 58.13% of its branches and DSCs, respectively.
Positive Outlook of the Firm:-
- Adopt Operating Model which focuses to serve in Under-banked and Underpenetrated Markets,
- Strong track record for increasing a quality asset and liability franchise;
- Manages distribution network with low cost and extensive,
- Focuses towards customer-centric approach,
- Consistent financial Performance and robust capital base,
- Strong promoter’s group and management team.
Objects Of The Issue:-
The Issue includes a Fresh Issue and an Offer for Sale.
- 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.
Summary Of Issue:
| Issue Open:- | March 15, 2018 – March 19, 2018 |
| Issue Type | 100% Book Built Issue IPO |
| Issue Size (Value) | 119,280,494 Equity Shares of Rs 10 aggregating up to Rs. 4,473.02 Cr.
Fresh Issue of 97,663,910 Equity Shares of Rs 10 aggregating up to Rs [.] Cr. Offer for Sale of 21,616,584 Equity Shares of Rs 10 aggregating up to Rs [.] Cr. |
| Face Value | Rs. 10 Per Equity Share |
| Issue Price | Rs. [370-375] Per Equity Share |
| Market lots | 40 Shares |
| Minimum Order Quantity | 40 Shares |
| Listing At | BSE, NSE |
(*) indicates to be updated
Bandhan Bank IPO Subscription Details
| Sr.No. | Category | No. of shares offered/reserved | No. of shares bid for | No. of times of total meant for the category |
| 1 | Qualified Institutional Buyers (QIBs) | 23856099 | 922627480 | 38.67 |
| 2 | Non Institutional Investors (NIIs) | 17892075 | 248599360 | 13.89 |
| 3 | Retail Individual Investors (RIIs) | 41748173 | 50295760 | 1.20 |
| Total | 83496347 | 1221522600 | 14.63 |
Updated as on 19th Mar 2018 at 05:00 p.m
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Important dates for Bandhan Bank IPO Allotment Status
- The Allotment date for Bandhan Bank IPO issue is expected on March 22, 2018
- The amount will get unblocked on March 23, 2018.
- The Shares are expected to credit in DP accounts on March 24, 2018.
- The Shares of Bandhan Bank Limited is likely to get listed on March 24, 2018 on both BSE and NSE.
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How to check Bandhan Bank IPO Allotment Status
One can check the allotment on the given below link with PAN number or Application number or DP Client Id. All you need to do is to follow these steps:-
- To Check Your IPO Allotment Status
- Go to Application Status
- Select IPO as Bandhan Bank IPO
- Enter your PAN Number or Application Id or DP Client Id.
It takes little time to fetch information so you need to be little patient.
Download “Bandhan Bank Limited” IPO Application Form
From BSE: click here
From NSE: click here
Promoters Of the Company:-
- Bandhan Financial Holdings Limited,
- Bandhan Financial Services Limited,
- Financial Inclusion Trust
- North East Financial Inclusion Trust
Financials:-
| Particulars | For the year/Period ended (Rs. in Million) | ||
| Financial Year | 31-Mar-17 | 31-Mar-16 | 31-Mar-15 |
| Total Equity & Liabilities | 302,360.90 | 197,565.00 | 5,268.88 |
| Total Revenue | 43,201.23 | 17,312.54 | 79.53 |
| Total Expenses | 26156.51 | 13177.44 | 56.48 |
| Profit After Tax (PAT) | 1119.52 | 2,752.47 | 5.76 |
Book Running Lead Managers Details:-
1) Kotak Mahindra Capital Company Limited
1st Floor, 27 BKC, Plot No. 27 G Block
Bandra Kurla Complex Bandra (East)
Mumbai 400 051
Tel: (91 22) 4336 0000
Fax: (9122) 6713 2447
Email: Bandhan.ipo@kotak.com
Investor Grievance Email: kmccredressal @kotak.com
Website: www.investmentbank.kotak.com
Contact Person: Ganesh Rane
SEBI Registration Number: INM000008704
2) Axis Capital Limited
1 st floor, Axis House C 2 Wadia International Centre
Pandurang Budhkar Marg, Worli
Mumbai 400 025
Tel: (91 22) 4325 2183
Fax: (91 22) 4325 3000
Email: bandhan.ipo@axiscap.in
Investor Grievance Email: complaints@axiscap.in
Website: www.axiscapital.co.in
Contact Person: Mayuri Arya
SEBI Registration Number: INM000012029
3) Goldman Sachs (India) Securities Private Limited
Rational House 951-A, Appasaheb Marathe Marg, Prabhadevi
Mumbai 400 025
Tel: (91 22) 6616 9000
Fax: (91 22) 6616 9001
Email: gs-bandhanbankipo@gs.com
Investor Grievance Email: india-client-support@gs.com
Website: www.goldmansachs.com
Contact Person: Dipak Daga
SEBI Registration Number: INM000011054
4) JM Financial Institutional Securities Limited
7th Floor, Cnergy Appasaheb Marathe Marg Prabhadevi
Mumbai 400 025 Tel: (91 22) 6630 3030
Fax: (91 22) 6630 3330
Email: Bandhan.ipo@jmfl.com
Investor Grievance Email: grievance.ibd@jmfl.com
Website: www.jmfl.com
Contact Person: Prachee Dhuri
SEBI Registration Number: INM000010361
5) J.P. Morgan India Private Limited
J.P. Morgan Tower Off C.S.T. Road Kalina,
Santa Cruz (East)
Mumbai 400 098
Tel: (91 22) 6157 3000
Fax: (91 22) 6157 3911
Email: bandhanbank_ipo@jpmorgan.com
Investor Grievance Email: investorsmb.jpmipl@jpmorgan.com
Website: www.jpmipl.com
Contact Person: Prateeksha Runwal SEBI Registration Number: INM000002970
Registrar To The Issue:-
Karvy Computershare Private Limited
Karvy Selenium Tower B,
Plot 31-32 Gachibowli,
Financial District Nanakramguda
Hyderabad 500 032
Tel: (91 40) 6716 2222
Fax: (91 40) 2343 1551
Email: bandhanbank.ipo@karvy.com
Investor grievance email: bandhanbank.ipo@karvy.com
Website: https://karisma.karvy.com
Contact person: M. Muralikrishna
SEBI registration number: INR000000221
Registered Office Details:-
DN 32, Sector V, Salt Lake, Kolkata 700 091;
Tel: (033) 6609 0909
Fax: (033) 6609 0502
Contact Person: Indranil Banerjee,
Company Secretary and Compliance Officer;
E-mail: investors@bandhanbank.com;
Website: www.bandhanbank.com
Corporate Identity Number: U67190WB2014PLC204622
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