Bandhan Bank IPO- Bandhan bank ipo Price in India

Bandhan Bank IPO- Bandhan bank ipo Price in India

In the list of upcoming ipo Bandhan Bank Limited is planning to launch IPO (Initial Public Offering).The tentative of the upcoming IPO i.e. Bandhan Bank IPO is of Rs 2,500 crore. In order to raise fund through IPO (initial Public offering) Bandhan Bank Limited filed draft paper with Sebi on 1 January and got the observation on 28 Feb, 2018.

  • According to the draft paper filed by Bandhan bank Limited, Bandhan Bank IPO consist of fresh issue and offer for sale.
  • Fresh Issue of up to 9,76,63,910 equity shares and an offer for sale of up to 1,40,50,780 scrips by International Finance Corporation (IFC) and up to 75,65,804 shares by IFC FIG Investment Company.
  • Bandhan Bank is West Bengal based commercial bank focused on micro banking and general banking services.
  • According to merchant bank sources, the issue is the biggest banking sector IPO till date, likely to rise over Rs 2,500 crore.

Bandhan Bank IPO-Upcoming IPO news:

  1. Objective of Bandhan Bank IPO:

The Issue comprises of 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.
  1. Issue Details of Bandhan Bank IPO:

  • Bandhan bank ipo date:
  • Issue Type: Book Built Issue IPO
  • Issue Size: 119,280,494 Equity Shares of Rs 10 aggregating up to Rs [.] 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
  • Bandhan bank ipo Price: Rs – Rs Per Equity Share
  • Market Lot:
  • Minimum Order Quantity:
  • Listing At: BSE, NSE
  • Retail Allocation: 35%

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  1. Financial performance of Bandhan Bank limited:

Bandhan Bank’s financial performance (in INR crore)
FY2015FY2016FY2017H1 FY2018
Total revenues7.91,731.34,320.12,618.1
Total expenses5.61,317.72,615.71,608.8
Profit after tax0.6275.21,112.0657.7
Net margin (%)7.615.925.725.1
  1. Bandhan Bank IPO Prospectus:

Draft Prospectus with SEBI

  1. Company Profile:

  • The bank was incorporated on 23 December,2014 as Bandhan Bank limited as public Limited company under the companies Act,2013. The name of the bank was “Bandhan Bank Limited.
  • It is a Kolkata, West Bengal based bank.
  • The Corporate identification Number of the bank is U67190WB2014PLC204622.
  • Bandhan Bank is West Bengal 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 Products:
    Retail loans including micro loans, SME loans and small enterprise loans
    2. Savings accounts, current accounts and a variety of fixed deposit accounts
    3. Other banking products and services including debit cards, internet banking, mobile banking, EDC-POS terminals, online bill payment services and the distribution of third-party general insurance products and mutual fund products.
  1. Promoters of the company:

There are four promoters of this Bank. They are

  • BFHL
  • BFSL
  • FIT
  1. Strength of the bank:

  • Operating Model Focused on Serving Underbanked and Underpenetrated Markets (microfinance)
  • Consistent Track Record of Growing a Quality Asset and Liability Franchise
  • Extensive, Low Cost Distribution Network
  • Provide accessible, simple, cost-effective and innovative financial solutions
  • Robust Capital Base
  • Maintaining focus on micro lending while expanding further into other retail and SME lending
  1. Official Website of the bank: /

  1. Registered Address of the company:

DN 32, Sector V, Salt Lake, Kolkata 700 091

  1. Lead Manager to Issue:

  • Kotak Mahindra Capital Company Limited
  • Axis Capital Limited
  • Goldman Sachs (India) Securities Private Limited
  • JM Financial Institutional Securities Limited
  • P. Morgan India Private Limited
  1. Registrar to the Bandhan Bank IPO:

Karvy Computershare Private Limited

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