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Bandhan Bank Ltd IPO (BBL IPO) Details

Bandhan Bank Ltd IPO (BBL IPO) Details:

Bandhan Bank Ltd offers commercial banking services. It operates through Treasury, Retail Banking, Corporate/Wholesale Banking, and Other Banking Business segments.

The company offers savings and current accounts, as well as deposits. It also provides retail loans, such as home loans, two wheeler loans, and loans against property and term deposits, as well as personal and gold loans; MSME loans, including business, equipment, commercial vehicle, working capital, and term loans; microloans for home-based businesses; and agriculture loans.

In addition, the company invests in sovereign securities and trading operations; offers liability products, as well as card, Internet and mobile banking, ATM, and NRI services; and distributes third party products, as well as provides other banking services.

As of June 20, 2017, Bandhan Bank operated 840 branches in India. The company was incorporated in 2014 and is headquartered in Kolkata, India. Bandhan Bank Limited is a subsidiary of Bandhan Financial Holdings Limited.

OBJECTS OF THE ISSUE:

The Issue comprises of a Fresh Issue and an Offer for Sale.

Offer for Sale

The Selling Shareholders will be entitled to the respective portion of the proceeds of the Offer for Sale net of their proportion of Issue related expenses. Bank will not receive any proceeds from the Offer for Sale.

Fresh Issue

In terms of the RBI New Bank Licensing Guidelines, the Equity Shares of Bank are required to get listed on the stock exchanges within three years from the date of commencement of business of Bank, i.e., on or before August 22, 2018. In
light of the above, since Bank is required to get listed on the stock exchanges on or before August 22, 2018, our Bank is undertaking this Issue.

The objects of the Fresh Issue are to:

  1. Augment our Bank’s Tier-I capital base to meet Bank’s future capital requirements.
  2. Further, the proceeds from the Issue will also be used towards meeting the expenses in relation to the Issue.
  3. Bank expects to receive the benefits of listing the Equity Shares on the Stock Exchanges.

Bandhan Bank Ltd IPO (BBL IPO) Details:

  1. Issue Open: March 15, 2018 – March 19, 2018
  2. Issue Type: Book Built Issue IPO
  3. Face Value: Rs 10 Per Equity Share
  4. Issue Size: 119,280,494 Equity Shares of Rs 10 aggregating up to Rs 4473.02 Cr
  5. Issue Price: Rs 370 – Rs 375 Per Equity Share
  6. Market Lot: 40 Equity Shares
  7. Minimum Order Quantity: 40 Equity Shares
  8. Listing At: BSE, NSE

* To Be Updated

BOOK RUNNING LEAD MANAGERS Of Bandhan Bank Ltd IPO (BBL IPO):

Kotak Mahindra Capital Company Limited
1st Floor, 27 BKC, Plot No. 27
G Block, Bandra Kurla Complex
Bandra (East), Mumbai 400 051
Tel: (91 22) 4336 0000 Fax: (9122) 6713 2447
Email: Bandhan.ipo@kotak.com
Investor Grievance Email: kmccredressal @kotak.com

Axis Capital Limited
1st floor, Axis House
C 2 Wadia International Centre
Pandurang Budhkar Marg,
Worli, Mumbai 400 025
Tel: (91 22) 4325 2183 Fax: (91 22) 4325 3000
Email: bandhan.ipo@axiscap.in
Investor Grievance Email: complaints@axiscap.in

Goldman Sachs (India) Securities Private Limited
Rational House 951-A, Appasaheb Marathe
Marg, Prabhadevi, Mumbai 400 025
Tel: (91 22) 6616 9000 Fax: (91 22) 6616 9001
Email: gs-bandhanbankipo@gs.com
Investor Grievance Email: india-client-support@gs.com

JM Financial Institutional Securities Limited
7th Floor, Cnergy Appasaheb Marathe Marg
Prabhadevi, Mumbai 400 025
Tel: (91 22) 6630 3030 Fax: (91 22) 6630 3330
Email: Bandhan.ipo@jmfl.com
Investor Grievance Email: grievance.ibd@jmfl.com

J.P. Morgan India Private Limited
J.P. Morgan Tower Off C.S.T. Road
Kalina, Santa Cruz (East), Mumbai 400 098
Tel: (91 22) 6157 3000 Fax: (91 22) 6157 3911
Email: bandhanbank_ipo@jpmorgan.com
Investor Grievance Email: investorsmb.jpmipl@jpmorgan.com

REGISTRAR TO THE OFFER of Bandhan Bank Ltd IPO (BBL IPO):

Karvy Computershare Private Limited
Karvy Selenium Tower B, Plot
31-32 Gachibowli, Financial
District Nanakramguda, Hyderabad 500 032
Tel: (91 40) 6716 2222 Fax: (91 40) 2343 1551
Email: bandhanbank.ipo@karvy.com
Investor grievance email: bandhanbank.ipo@karvy.com

Bandhan Bank Ltd IPO (BBL IPO) Draft Red Herring Prospectus (DRHP):

Bandhan Bank Ltd (BBL) IPO Prospectus

Red Herring Prospectus (RHP) Of Bandhan Bank Ltd IPO (BBL IPO):

Bandhan Bank Ltd (BBL) IPO Prospectus

Bandhan Bank Ltd IPO (BBL IPO) Subscription Figures:

Bandhan Bank Ltd (BBL) IPO Subscription Details
CategoryTotal Quota
(No. of Shares offered)
Subscription (No. of times Subscribed)
Day 1Day 2Day 3
Qualified Institutional Buyers (QIBs) 238560991.262.33 38.67
Non Institutional Investors (NIIs) 178920750.010.2413.89
Retail41748173 0.12 0.331.20
Employees
Total834963470.420.8814.63

Bandhan Bank Ltd IPO (BBL IPO) Allotment and Listing Dates Schedule:

  • 15/Mar/18 – Bid/Offer Opening Date
  • 19/Mar/18 – Bid/Offer Closing Date
  • 22/Mar/18 – Finalisation of Basis of Allotment
  • 23/Mar/18 – Unblocking of Funds from ASBA Account
  • 26/Mar/18 – Credit of Equity Shares to Demat Account
  • 27/Mar/18 – Commencement of Trading on NSE/BSE

* To Be Updated

Bandhan Bank Ltd IPO (BBL IPO) Grey Market Premium (GMP):

Current Grey Market Premium (GMP) Of Bandhan Bank Ltd (BBL) IPO is trading between Rs 20 – Rs 30 per equity share as of now.

How To Check Bandhan Bank Ltd IPO (BBL IPO) Application Status:

To clear that doubt and to check Bandhan Bank Ltd (BBL) IPO application status just use the below links and you can check it as follow:

Check Bandhan Bank Ltd (BBL) IPO Application Status at BSE:  BSE Website

Check Bandhan Bank Ltd (BBL) IPO Application Status at NSE NSE Website

To Check Bandhan Bank Ltd IPO (BBL IPO) Application Status:

  1. Click on Links provided above
  2. Select Bandhan Bank Ltd IPO (BBL IPO) from the drop Down Menu.
  3. Provide your PAN Number.
  4. Provide your Application Number.
How To Check Bandhan Bank Ltd IPO (BBL IPO) Allotment Status:

To Check Bandhan Bank Ltd (BBL) IPO Allotment Status : Click Here

  1. Select Bandhan Bank Ltd IPO (BBL IPO) from the first drop Down Menu.
  2. Select PAN Card from the second option list.
  3. Provide your PAN Number.

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Keep watching this blog to keep yourself updated with all the news.

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