Bandhan bank based at Kolkata in India has started it’s IPO issue from Thursday, 15th March 2018. Initial public offering of Bandhan Bank is for Rs 4,473 cores. Bandhan Bank IPO subscription is available from 15-3-2018 to last date on 19-3-2018.
On first day itself Bandhan Bank IPO subscription was for around 42% which shows that this banks IPO issue will be oversubscribed by investors. Closing date of Bandhan Bank IPO issue is 19 March 2018.
Investors are interested in knowing about price bands of IPO issued by Bandhan bank. Face value of a share issued by Bandhan Bank is Rs.10 while price band is between Rs 370 to Rs 375 per share. Before investing in a share or subscribing it you should study well about background of the company and it’s chances to succeed in future. Starting of Bandhan Bank was in year 2014.
From it’s beginning it was focusing on micro finance, general banking. Presently it has 864 bank branches in India and has around 386 ATM’s. Customer base Bandhan Bank is 1.87 million account holders and has strong promoters like FIT, NEFIT, BFHL, BFSL. All shares will be listed in both BSE, NSE stock exchanges.
Bandhan Bank IPO subscription
Bandhan Bank IPO subscription offer in 2018 is for 11,92,80,494 equity shares. Among them fresh issue is for 9,76,63,910 equity shares. This IPO also offers 1,40,50,780 equity shares by IFC and 75,65,804 equity shares by IFC FIG.
Bandhan Bank IPO Launch
A minimum of 40 shares or multiples of 40 shares can be purchased through Bandhan Bank IPO subscription. In this IPO subscription offer the book running lead managers are Goldman Sachs, JP Morgan, Kotak Mahindra Capital, JM Financial. Registrar of this IPO subscription is Karvy Computershare.
There has been lot of demand for Initial public offering announced through Bandhan Bank prospectus. This bank was started by Managing Director Chandra Shekhar Ghosh.
In last financial year ending 31-3-2017 Bandhan Bank made a net profit of Rs. 1,111.9 crores. It has total assets of value Rs.302,360.90 crores and has total revenue of Rs.43,201.23 crores. Bandhan bank has made a growth within 3 years at a faster pace from starting it’s operation in 2015.