Bandhan Bank Rs4,473cr IPO opens on March 15
Bandhan Bank's proposed initial public offering (IPO) to raise Rs4,473cr will open on Thursday, March 15. The bank has put on offer up to 119,280,494 equity shares, consisting of a fresh issue of up to 97,663,910 equity shares and an offer for sale of up to 14,050,780 equity shares by IFC and up to 7,565,804 equity shares by IFC FIG (collectively, the “selling shareholders” and such equity shares offered by the selling shareholders, the offered shares) (Offer for Sale).
The price band for the offer has been fixed at Rs370-Rs375 per equity share. Bids can be made for a minimum lot of 40 shares and in multiples of 40 shares thereafter.
The shares are being offered through the Red Herring Prospectus dated March 7, 2018. The shares are proposed to be listed on the BSE and the NSE.
The book-running lead managers (BRLMs) for the offer are Kotak Mahindra Capital, Axis Capital, Goldman Sachs (India) Securities, JM Financial, and JP Morgan India. Karvy Computershare is the registrar to the issue.
The price band for the offer has been fixed at Rs370-Rs375 per equity share. Bids can be made for a minimum lot of 40 shares and in multiples of 40 shares thereafter.
The shares are being offered through the Red Herring Prospectus dated March 7, 2018. The shares are proposed to be listed on the BSE and the NSE.
The book-running lead managers (BRLMs) for the offer are Kotak Mahindra Capital, Axis Capital, Goldman Sachs (India) Securities, JM Financial, and JP Morgan India. Karvy Computershare is the registrar to the issue.
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