Bandhan Bank, a private Indian bank and a financial company, with its headquarters situated in Kolkata, is all ready to list its shares in both BSE and NSE, on 27 March.
Having received a positive reception in IPO with about 14.6 oversubscribes, the bank is intended on raising 45 crores that would primarily help in expanding its capital base and allowing part exit of IFC, one of its existing shareholders.
The shares were received well by retailers and individuals alike at the IPO, and the CEO C.S Ghosh said that he was looking forward to a bullish response. Bandhan Bank which initially began as a micro-finance venture in 2001 is currently running its 864 branches and 386 ATM’s all over the country.
With its prominent hold particularly in northeastern India, including Assam, Bengal, and Bihar, Bandhan Bank accounts for 57.75 percent of branches and 58.13 percent of doorstep services from these states alone.