Bandhan Bank is a commercial bank, which offers a variety of asset and liability products and services designed for micro banking and general banking, as well as other banking products and services. Its asset products consist of retail loans including a substantial portfolio of micro loans, as well as micro, small and medium enterprise (SME) loans and small enterprise loans. Its liability products consist of savings accounts, current accounts and a variety of fixed deposit accounts. The Company also offers debit cards, Internet banking, mobile banking, electronic data capture-point of sale (EDC- POS) terminals, online bill payment services and the distribution of third-party general insurance products and mutual fund products.
| Bidding Dates |
|---|
| 15 Mar 2018 - 19 Mar 2018 |
| Subscription |
|---|
| 14.63x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| - | - | - | - | 0 | - | - | ₹44730.0 M | - |
Bandhan Bank IPO SUBSCRIPTION STATUS
19 Mar '18Bandhan Bank IPO overall subscription rate was 14.63 times the total available shares
Bandhan Bank IPO retail subscription rate was 1.2 times in the retail segment
Bandhan Bank IPO non-institutional investor subscription rate was 13.89 times in the non-institutional investor category
Bandhan Bank IPO Qualified Institutional Bidder subscription rate was 38.67 times the available shares for Qualified Institutional Bidder
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | - | - | - |
19 Mar 2018 | 1.2x | 13.89x | 38.67x |
Bandhan Bank IPO SUBSCRIPTION STATUS DETAILS
Bandhan Bank IPO offer price was ₹375
Bandhan Bank IPO issue size was ₹ 44730.0 M
Bandhan Bank NUMBER OF SHARES ON OFFER
Bandhan Bank IPO IMPORTANT DATES
| Issue Open Date | 15 Mar 2018 |
| Issue close Date | 19 Mar 2018 |
| Allotment Date | - |
| Refund Date | - |
| Demat Account Credit Date | - |
| Listing Date | 27 Mar 2018 |
| Listing on Exchange(s) | NSE and BSE |
| Bandhan Bank Allotment Status | Exchange |
Bandhan Bank IPO subscription opened on 15 Mar 2018, and closed on 19 Mar 2018
IPO listing for Bandhan Bank was on NSE and BSE on Tuesday, 27 Mar 2018
Bandhan Bank IPO LISTING GAINS
| Issue Price (adjusted) | 375.0 |
| Listing Open Price | 485.0 |
| Listing Close Price | 477.2 |
| Listing Gain% | 29.3% |
| Current Gain% | -53.1% |
Bandhan Bank Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Bandhan Bank Ltd. | 176 | 21 | -0.6 | 1.3 | 4.8 | 0.6 | 24423.1 | -2 | 1223.6 | -55.4 | 8.4 | -34.1 | |
| HDFC Bank Ltd. | 731 | 1126426.5 | 14.3 | 1.2 | 3.2 | 13 | 1.5 | 495462.8 | 5.2 | 76026 | 7.4 | 51.3 | 12 |
| ICICI Bank Ltd. | 1421 | 1019688.1 | 18.2 | 3 | 5.1 | 15.1 | 1.8 | 312118.4 | 6 | 54207.7 | 6.2 | 78.2 | 6 |
| State Bank of India | 1097.2 | 1012783.4 | 11.7 | 1.4 | 1.9 | 14.8 | 1 | 712643.5 | 7.4 | 83298.8 | 7.4 | 93.4 | 8.5 |
| Kotak Mahindra Bank Ltd. | 390.8 | 388693.5 | 19.2 | 3.2 | 5.5 | 10.6 | 1.9 | 107947.6 | 1 | 19287.9 | -12.8 | 20.4 | 6 |
| Axis Bank Ltd. | 1238 | 385222.2 | 13.9 | -43.4 | 2.8 | 12.3 | 1.4 | 162212 | 4 | 26384.8 | -6 | 89.3 | -0.3 |
Bandhan Bank IPO Reports
Bandhan Bank INFORMATION ON IPO ISSUE
About Bandhan Bank
Bandhan Bank is a commercial bank, which offers a variety of asset and liability products and services designed for micro banking and general banking, as well as other banking products and services. Its asset products consist of retail loans including a substantial portfolio of micro loans, as well as micro, small and medium enterprise (SME) loans and small enterprise loans. Its liability products consist of savings accounts, current accounts and a variety of fixed deposit accounts. The Company also offers debit cards, Internet banking, mobile banking, electronic data capture-point of sale (EDC- POS) terminals, online bill payment services and the distribution of third-party general insurance products and mutual fund products.
IPO FAQs
The IPO application opens on Mar 15, 2018 and closes on Mar 19, 2018.
Bandhan Bank Ltd.’s shares listed on the stock exchanges on Mar 27, 2018.