Bandhan Bank Limited
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Incorporated in 2014, Bandhan Bank began its operations from August 23, 2015, when Bandhan Financial Services Limited transferred microfinance business entirely to Bandhan Bank, it simultaneously started its general banking activities too.
Their strength lies in microfinance business including a network of 2,022 doorstep service centers (“DSCs”) and 6.77 million microloan customers that BFSL transferred to them, which they have increased to 2,546 DSCs and 9.47 million microloan customers as of September 30, 2017.
Issue Period
Thursday, Mar 15, 2018 - Monday, Mar 19, 2018
Price Band
Rs. 370 - Rs. 375 per Equity Share
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Bandhan Bank Limited
| Issuer | Bandhan Bank Limited (View Report) | |
| Issue Type | 100% Book Built Issue IPO | |
| Issue Period | Issue Opens: Mar15, 2018 | |
| Issue Closes: Mar19, 2018 | ||
| Price Brand | Rs.370 - Rs.375 per Equity Share | |
| Issue Size(Rs.) | Rs. 4,413* Crore – Rs. 4,473^Crore | |
| Face Value | Rs. 10 per Equity Share | |
| Minimum Order Quantity Retail: | 40 Equity Shares and in multiples thereof | |
| Maximum Bid amount for Retail: | Rs. 2 Lakhs | |
| QIB | 50% of the issue size (Rs. 2,207* Cr – 2,236^ Cr) | |
| NIB | 15% of the issue size (Rs.662*Cr – 671^ Cr) | |
| Retail Individual Bidders |
35% of the issue size (Rs.1,545*Cr – 1,566^ Cr) |
|
| Registrar | Karvy Computer Share Private Limited | |
| Listing | NSE & BSE | |
| Book Running Lead Managers | Axis Capital, Kotak,Goldman Sachs, JM Financials, JP Morgan | |
| * Lower Price Band; ^ Upper Price Band | ||
Key Strategies:
- Ability to identify, adapt to and capitalise on market developments, conditions, trends and opportunities
- Maintain focus on micro lending while expanding further into other retail and SME lending
- Continue to strengthen our liability franchise
- Boost share of non-interest income
- Enhance our digital platform to improve customer acquisition and retention and reduce costs
- Enhance retail banking systems and procedures to improve efficiency
Step to apply for IPO online from portfolio.karvyonline.com
