Bandhan Bank Rs. 2500 Crore IPO Issue: Know Details

Subscribe to GoodReturns
For Quick Alerts
For Daily Alerts

    On January 1, Bandhan Bank filed draft herring prospectus with the SEBI for the approval of its 2500 crore IPO issue. The institution is likely to come up with the offering in March or April this year.

    Bandhan Bank Rs. 2500 Crore IPO Issue: Know Details

    Here are few things that may be of interest for the potential investor in the issue:

    Issue details: The lender aims to raise over Rs. 2500 crore through an offer of 11,92,80,494 equity shares of face value of Rs 10 each. The issue comprises an OFS of 1,40,50,780 by IFC and 75,65,804 shares by IFC FIG Investment Company. And the remaining shall be a fresh issue by the lender of as many as 9,76,63,910 scrips.

    The proposed issue shall be the largest in the banking sector until now. "We will have to do it within three years of starting the banking operations to comply with the RBI guidelines. I will not defer the launch of IPO, but the timing of its launch will depend on the market conditions," Chandra Shekhar Ghosh, managing director and chief executive officer, Bandhan Bank said in September last year.

    The shares of the microfinance entity which transformed into the universal bank will be listed on both the NSE and BSE.

    The book running lead managers of the issue are Axis Capital Ltd, Goldman Sachs (India) Securities Pvt Ltd, JM FinancialInstitutional Securities, J P Morgan India Private Ltd and Kotak Mahindra Capital Company Ltd.


    Read more about: ipo ofs bandhan bank
    Story first published: Tuesday, January 2, 2018, 15:18 [IST]
    Company Search
    Enter the first few characters of the company's name or the NSE symbol or BSE code and click 'Go'

    Find IFSC

    We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more