Bandhan Bank IPO Open for subscription in today (आज से खुला बंधन बैंक का आईपीओ)
Bond Bank’s IPO has opened for subscription from today and will be open till March 19. Bandhan Bank has fixed the price band of Rs 370-375 per share for the IPO. There is a plan to raise Rs 4,470 crore from Bond Bank’s IPO. At the same time, Bandhan Bank has raised Rs 1,342 crore from 65 Anchor Investors. Bonding will sell 10 per cent of the bank’s IPO, which includes 9.76 crore new equity shares. 1.4 million shares will be sold through the OFS. After the IPO, the promoter holding in the bonding bank will decrease from 89 per cent to 82 per cent.
Bandhan Bank is a Private Sector Bank located in Kolkata. The bank started with a micro finance business in 2001 and got a banking license in 2015. Started banking business from August 2015. Bond Bank has 12 million subscribers and the bank has 98 lakh micro-loan customers. Bond Bank has 21 lakh General Banking customers.
In Book Running Lead Managers Incorporated
Book Running Lead Managers of this IPO include Kotak Mahindra and Capital Company Limited, Axis Capital Ltd, Goldman Sachs (India) Securities Private Limited, JM Financial Institutional Securities Limited and JP Morgan India Pvt. Ltd..
Bandhan Bank Limited is a banking and financial company. It started as a micro finance company which got banking license some 3 years ago. The market capitalization of the company is Rs 45000 crores. The company expects 1500 crores of profits in this financial year. The bank is making good profits from the last two financials. Bandhan Bank has a strong presence in North India with more than 880 branches.