The Bandhan Bank date has been confirmed from March 15, 2018 and ended on March 19, 2018.
Bandhan Bank Developers IPO is a fixed price issue of Rs 4,473.02 crores. The price band is set at ₹370 to ₹375 per share. The minimum lot size for an application is 40 Shares. The minimum amount of investment required by retail investors is ₹15,000.
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Bidding Dates
March 15-19
Price Range
₹370 to ₹375 per share
Face Value
₹10 per share
GMP
₹234.80
Bandhan Bank IPO GMP
The Bandhan Bank IPO GMP is ₹234.80.
IPO Overview
The Bandhan Bank IPO is a book-built offering worth Rs 4,473.02 crores. The offering consists of a 9.77 crore share fresh issue and a 2.16 crore share offer for sale. Bandhan Bank’s initial public offering (IPO) began on March 15, 2018 and ended on March 19, 2018. The Bandhan Bank IPO allotment was completed on Thursday, March 22, 2018. On March 27, 2018, the shares were listed on the BSE and NSE. The pricing range for Bandhan Bank’s IPO is set at 370 to 375 per share. An application requires a minimum lot size of 40 Shares. Retail investors must make a minimum commitment of ₹15,000.
Bandhan Bank Products:
- Retail loans including micro loans, SME loans and small enterprise loans
- Savings accounts, current accounts and a variety of fixed deposit accounts
- 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.
Bandhan Bank Strengths:
- 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
Bandhan Bank IPO Details
| IPO Date | March 15, 2018 to March 19, 2018 |
| Listing Date | March 27, 2018 |
| Face Value | ₹10 per share |
| Price Band | ₹370 to ₹375 per share |
| Lot Size | 40 Shares |
| Total Issue Size | 119,280,494 shares (aggregating up to ₹4,473.02 Cr) |
| Fresh Issue | 97,663,910 shares (aggregating up to ₹[.] Cr) |
| Offer for Sale | 21,616,584 shares of ₹10 (aggregating up to ₹[.] Cr) |
| Issue Type | Book Built Issue IPO |
Bandhan Bank Company Financials
| Particulars | For the year/period ended (in Rs. million) | |||||
|---|---|---|---|---|---|---|
| 31-Mar-17 | 31-Mar-16 | 31-Mar-15 | ||||
| Total Assets | 302,360.90 | 197,565.00 | 5,268.88 | |||
| Total Revenue | 43,201.23 | 17,312.54 | 79.53 | |||
| Profit After Tax | 11,119.52 | 2,752.47 | 5.76 | |||
Bandhan Bank IPO Timeline
| IPO Open Date | Thursday, March 15, 2018 |
| IPO Close Date | Monday, March 19, 2018 |
| Basis of Allotment | Thursday, March 22, 2018 |
| Initiation of Refunds | Friday, March 23, 2018 |
| Credit of Shares to Demat | Monday, March 26, 2018 |
| Listing Date | Tuesday, March 27, 2018 |
| Cut-off time for UPI mandate confirmation | 5 PM on March 19, 2018 |
Company Profile
Bandhan Bank Limited, founded in 2014, is a commercial bank situated in Kolkata, West Bengal that specialises in microfinance and conventional banking services. Bandhan Bank is authorised to provide banking services to customers across India. Banks provide a wide range of asset and liability products and services for micro and general banking, as well as other banking goods and services to create non-interest income. The bank has a large presence in microfinance, with a network of 2,546 doorstep service centres (DSCs) and 9.47 million micro loan borrowers.
Bandhan Bank serves approximately 1.87 million general banking customers through 864 bank offices and 386 ATMs. Banks have a robust distribution network throughout East and Northeast India, including West Bengal, Assam, and Bihar.
Registrar Info
| Name | Kfin Technologies Limited |
| Phone number | 04067162222, 04079611000 |
| Email ID | bandhanbank.ipo@karvy.com |
| Website | kosmic.kfintech.com |
Contact Details
| Name | Bandhan Bank Limited |
| Phone number | 033 6609 0909 |
| Email ID | investors@bandhanbank.com |
| Website | bandhanbank.com |
IPO Strenghts
- Experienced promoters and a competent management team.
- Well-established relationships with a loyal customer base.
- Access to markets worldwide, enabling global reach.
IPO Weakness
- Heavy reliance on customers based in the United States.
- Need to adhere to multiple laws and regulations in these countries to ensure compliance.
- Competition from other players in the market.
