The RBL Bank IPO is a book-built offering worth Rs 1,212.97 crore. The offering consists of a fresh issue of Rs 832.50 crore and an offer to sell 1.69 crore shares. Bidding for the RBL Bank IPO began on August 19, 2016 and finished on August 23, 2016. On August 31, 2016, the shares were listed on the BSE and NSE. The pricing band for RBL Bank’s IPO is established at 224 to 225 per share. An application requires a minimum lot size of 65 shares. Retail investors must make a minimum investment of $14,625.
RBL Bank Ltd., founded in 1943 as a regional bank in Maharashtra, is a private sector bank situated in Mumbai, India, that provides a wide range of banking products and services to major enterprises, SMEs, agricultural clients, retail customers, and development banking and financial inclusion (low income) customers. RBL had 197 branches and 362 ATMs in 16 Indian states as of March 31, 2016, servicing over 1.9 million customers. In 2014, RBL bought some Royal Bank of Scotland (RBS) Indian operations, including RBS business banking, credit card, and
mortgage portfolio businesses. RBL’s business segments consist of corporate and institutional banking, commercial banking, branch and business banking, agribusiness banking, development banking and financial inclusion, and treasury and financial markets operations. RBL’s Competitive Strengths:
- A client-focused approach to business results in growing brand recognition
- A robust multi-channel distribution system
- Partnerships that expand reach in rural markets
- Growing net interest and non-interest income
- Risk management and balance sheet focus
- Modern and scalable information technology systems infrastructure
- Focus on operational quality and scalability
RBL Bank IPO Details
|IPO Date||August 19, 2016 to August 23, 2016|
|Listing Date||August 31, 2016|
|Face Value||₹10 per share|
|Price Band||₹224 to ₹225 per share|
|Lot Size||65 Shares|
|Total Issue Size||53,909,628 shares
(aggregating up to ₹1,212.97 Cr)
|Fresh Issue||37,000,000 shares
(aggregating up to ₹832.50 Cr)
|Offer for Sale||16,909,628 shares of ₹10
(aggregating up to ₹[.] Cr)
|Issue Type||Book Built Issue IPO|
|Listing At||BSE, NSE|
RBL Bank IPO Lot Size
RBL Bank IPO Reservation
|Investor Category||Shares Offered||Maximum Allottees|
|Anchor Investor Shares Offered||–||NA|
|QIB Shares Offered||10,864,515 (28.66%)||NA|
|NII (HNI) Shares Offered||8,111,221 (21.40%)|
|Retail Shares Offered||18,926,183 (49.93%)||291,172|
|Total Shares Offered||37,901,919 (100%)|
Objects of the Issue (RBL Bank IPO Objectives)
The public issue comprises a fresh issue and an offer for sale by the selling shareholders. Information in this section is taken from chittorgarh.com, India’s No. 1 IPO Investment Portal.
1. The Offer for Sale
- RBL Bank will not receive any proceeds from the offer for sale.
2. The Fresh Issue
The proceeds from the fresh issue will be used towards the following objects:
- Augment capital base to meet Bank’s future capital requirements ;
- Enhance their visibility and brand name among existing and potential customers;
- General corporate purposes
RBL Bank IPO Listing Details
|Listing Date||August 31, 2016|
|BSE Script Code||540065|
|Final Issue Price||₹225 per share|
RBL Bank Listing Day Trading Information
|Final Issue Price||₹225.00||₹225.00|
RBL Bank IPO FAQs
Q1. What is the RBL Bank IPO?
Ans. RBL Bank IPO is a main-board IPO of 53,909,628 equity shares with a face value of ₹10, aggregating up to ₹1,212.97 crore. The issue is priced at ₹224 to ₹225 per share. The minimum order quantity is 65 shares. The IPO opens on August 19, 2016, and closes on August 23, 2016.
Q2. When RBL Bank IPO will open?
Ans. The RBL Bank IPO opens on August 19, 2016 and closes on August 23, 2016.
Q3. What is the lot size of the RBL Bank IPO?
Ans. RBL Bank IPO lot size is 65 shares, and the minimum amount required is ₹14,625.
Q4. When is the RBL Bank IPO listing date?
Ans. The RBL Bank IPO listing date is on August 31, 2016.