Bandhan Bank IPO Issue, Allotment, Listing, Status, GMP

Bandhan bank ipo

Bandhan Bank Limited was incorporated on 23rd December 2014 as a wholly-owned subsidiary of Bandhan Financial Holdings Limited. Bandhan received the in-principle approval of the Reserve Bank of India (RBI) for setting up a universal bank in April 2014; the banking regulator gave its final nod in June 2015. Incidentally, Kolkata-headquartered Bandhan is the first bank to be set up in eastern part of India after Independence.

Bandhan Financial Holdings Ltd. is owned by Bandhan Financial Services Limited (BFSL), the largest micro finance organization in India. Its public shareholders include International Finance Corporation (IFC) FIG Investment Company, Small Industries Development Bank of India (SIDBI), Caladium Investment Pte. Ltd. (a company managed by GIC Special Investments Private Limited) and a few individuals.

Bandhan Bank IPO details
Subscription Dates 15 to 29 March 2018
Issue Price Rs. 370 – 375 Per Equity Share
Fresh issue 97,663,910 Shares
Offer For Sale 21,616,584 Shares
Total IPO Size INR 3972 Crore (approx)
Minimum Lot Size (Bid) 40 Shares
Face Value Rs 10 Per Equity Share
Listing on BSE and NSE
Retail Allocation 35%

Book Running Lead Manager

  • Axis Capital Ltd
  • Goldman Sachs (India) Securities Pvt Ltd
  • J P Morgan India Pvt Ltd
  • JM Financial Institutional Securities Ltd
  • Kotak Mahindra Capital Company Ltd
IPO Allotment and Listing details
Allotment Date  22 March 2018
Refund Date  23 March 2018
Demat Account Credit Date  26 March 2018
Listing Date:  27 March 2018
Check Allotment Status: Click here..

Company Contact

Karvy Computershare Private Limited
Karvy House, 46, Avenue 4, Street No. 1,
Banjara Hills, Hyderabad – 500 034
Andhra Pradesh, India
Phone: +91-40-23312454
Fax: +91-40-23311968
Email: bandhanbank.ipo@karvy.com
Website: http://karisma.karvy.com

Bandhan Bank IPO Registrar Details

Karvy Computershare Private Limited
Karvy House, 46, Avenue 4, Street No. 1,
Banjara Hills, Hyderabad – 500 034
Andhra Pradesh, India
Phone: +91-40-23312454
Fax: +91-40-23311968
Email: bandhanbank.ipo@karvy.com
Website: http://karisma.karvy.com

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