Bandhan Bank IPO : Date, Price, Allotment Status, Listing, Grey Market Premium

Kolkata-based lender Bandhan Bank is going to come out with its initial public offering (IPO) from 15 to 19 March 2018.

Bandhan Bank IPO Detail : Important Dates, Offer Price, Grey Market Premium, Allotment Status, Listing, Registrar, Prospectus of Bandhan Bank IPO

I am sure investors would be searching for all details about Bandhan Bank IPO which will help them to decide whether to invest or not in this IPO.

Bandhan Bank Company Profile :

Incorporated in 2014, Bandhan Bank Limited is Kolkata based commercial bank focused on micro banking and general banking services. Bandhan Bank has a license to provide banking services pan-India across customer segments. Bank offer a variety of asset and liability products and services designed for micro banking and general banking, as well as other banking products and services to generate non-interest income.

With the a network of 2,546 doorstep service centres (DSCs) and 9.47 million micro loan customers, the bank has strong very hold in microfinance. Bandhan bank has 864 bank branches and 386 ATMs serving over 1.87 million general banking customers. Banks distribution network is strong in East and Northeast India, with West Bengal, Assam and Bihar.

Bandhan Bank Promoters:

The Promoters of the Bank are Bandhan Financial Holdings Limited (BFHL), Bandhan Financial Services Private Limited (BFSL), Financial Inclusion Trust (FIT) and North East Financial Inclusion Trust (NEFIT).

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Bandhan Bank IPO Detail :

Issue Open: Mar 15, 2018 – Mar 19, 2018
Issue Type: Book Built Issue IPO
Issue Size: 119,280,494 Equity Shares of Rs 10 aggregating up to Rs 4,473.02 Cr
Face Value: Rs 10 Per Equity Share
Issue Price: Rs 370 – Rs 375 Per Equity Share
Market Lot: 40 Shares
Minimum Order Quantity: 40 Shares
Listing At: BSE, NSE

Important Dates of Bandhan Bank IPO :

Bid/Offer Opens On: March 15, 2018
Bid/Offer Closes On: March 19, 2018
Finalisation of Basis of Allotment: On or about March 22, 2018
Initiation of refunds: On or about March 23, 2018
Credit of Equity Shares to demat accounts: On or about March 26, 2018
Commencement of trading of the Equity Shares on the Stock Exchanges: On or about March 27, 2018

IPO Issue Allocation :

    • Qualified institutional buyers (QIBs) – 50% of the offer.
    • Non-institutional bidders – 15% of the offer.
    • Retail individual bidders – 35% of the offer.

Bandhan Bank IPO Subscription Details :

Category Shares offered Subscription (no. of times)
Day 1 Day 2 Day 3

Download Red Herring Prospectus of Bandhan Bank IPO :

To Download Red Herring Prospectus of Bandhan Bank IPO Click Here

Grey Market Premium (GMP) of Bandhan Bank :

Currently the Grey Market Premium of Bandhan Bank is around 25 – 30 Rs. per share.

Company Contact Information :

Bandhan Bank Limited
DN 32, Sector V,
Salt Lake,
Kolkata 700 091
Phone: 033 6609 0909
Fax: 033 6609 0502

Bandhan Bank IPO Registrar :

Karvy Computershare Private Limited
Karvy Selenium Tower B, Plot 31-32,
Gachibowli, Nanakramguda,
Hyderabad – 500 032, Telangana

Phone: +91 40 6716 2222 
 +91 40 2343 1551 

Bandhan Bank IPO Lead Manager(s) :

1. Axis Bank Limited
2. Goldman Sachs (India) Securities Private Limited
3. J.P. Morgan India Private Limited
4. JM Financial Consultants Private Limited
5. Kotak Mahindra Capital Company Limited

Bandhan Bank IPO Allotment Status :

You would be able to check the allotment status i.e., whether you have got the shares of Bandhan Bank or not by vising the website of Registrar of the Issue which in this case is Karvy.

Check Bandhan Bank IPO Allotment Status @ Check Bandhan Bank IPO Allotment Online