Bandhan Bank IPO | Pixr8 News

27Mar By AnkitaNo Comments

Market

Bandhan Bank Shares Up 33% on Market Debut

India's Bandhan Bank surging 33 percent against the issue price of Rs 375 on the first day of its debut. At the end of the day, the stock listed at Rs 477 on BSE and 476 on NSE. The stock has a sharp gain of 29.33 and 33 percent from the issue price on BSE & NSE. The Kolkata based company has a market valuation of Rs 56,914.69 crore. The IPO of Bandhan bank was subscribed 14.62 times during its listings. The fixed price of the company share was Rs 370 to 375 during the listing. The issue opened on March 15 and continued till March 19. Goldman Sachs (India) Securities, JM Financial and JP Morgan India, Kotak Mahindra Capital Company and others managed the issue. The bank proposed to raise Rs 4500 crore from the IPO. The network of the bank has grown to 864 bank branches a...

Bandhan Bank Shares All Set for Listing on 27th March

24Mar By Lavina TolaniNo Comments

News

Bandhan Bank Shares All Set for Listing on 27th March

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 ...

Bandhan Bank IPO Subscribed Over 42% on Day 1

16Mar By AdityaNo Comments

Market

Bandhan Bank IPO Subscribed Over 42% on Day 1

New Delhi: Bandhan Bank Ltd, an Indian banking, and financial services company headquartered in Kolkata received 42% initial public offering (IPO) subscription on the first day of bidding. On Wednesday, Kolkata-based Bandhan Bank raised Rs 1,342 crore from anchor investors and is looking to raise a total amount of Rs 4,473 crore from the public issue of its shares. The portion of shares reserved for institutional investors in the Bandhan Bank IPO was subscribed 1.26 times, while those for retail investors and high net-worth individuals (HNIs) saw a subscription of 12% and 1%, respectively. The Bandhan Bank IPO received bids for 35,005,200 shares against the total issue size of 83,496,347 shares, NSE data showed. The Bandhan Bank IPO is of up to 119,280,494 shares comprising fre...

Bandhan Bank 2500 Crore IPO, Shares will Launch in Mid March

7Mar By NitishNo Comments

Market

Bandhan Bank 2500 Crore IPO, Shares will Launch in Mid March

SEBI has granted approval to Kolkata based bank Bandhan Bank to raise an estimated Rs 2,500 crore through an initial public offering. The company's shares will launch in Mid March, the initial draft was filed with SEBI on January 1 and move into “observations” on February 28. As per the SEBI’s “observations & guidelines", the draft papers of Bandhan Bank IPO will issue up to 9,76,63,910 equity shares and an offer for sale of up to 1,40,50,780 shares by International Finance Corporation (IFC) and up to 75,65,804 shares by IFC FIG Investment Company. Kotak Mahindra, Axis Capital Ltd, Goldman Sachs India etc are the institutions that will handle Bandhan bank's regulatory work during the issue. The former microfinance lender, which launched itself as a bank on 23 December 2014, has ...