Bandhan Bank IPO is commercial bank focused on micro banking and general banking services and is all set to make a debut in the stock market with an issue size of 4473.02 Cr.
Bandhan Bank IPO – Overview
| Issue Date | 15-19 March 2018 |
| Bandhan Bank IPO Opening Date | 15 March 2018 |
| Bandhan Bank IPO Face Value | INR 10 per share |
| Bandhan BankIPO Price | INR 375 per share |
| Bandhan Bank IPO Lot Size | 40 Shares |
| Issue Size | 4473.02 Cr |
| Issue Type | Book built Issue IPO |
| Listing At | BSE, NSE |
| QIB Shares Offered | 38.68 times |
| NII (HNI) Shares | 13.89 times |
| Company Promoters |
Tentative Dates
| Bandhan Bank IPO opening date | 15 March 2018 |
| Bandhan Bank IPO closing date | 19 March 2018 |
| Basis of Allotment | 22 March 2018 |
| Initiation of Refunds | 23 March 2018 |
| The credit of Shares to Demat | 26 March 2018 |
| Bandhan Bank IPO Listing Date | 27 April 2018 |
Bandhan Bank IPO- Company Overview
Bandhan Bank Limited is Kolkata, West Bengal based commercial bank focused on micro banking and general banking services. Bandhan Bank has a license to provide banking services pan-India across customer segments. Bank offer a variety of asset and liability products and services designed for micro banking and general banking, as well as other banking products and services to generate non-interest income.
With the a network of 2,546 doorstep service centres (DSCs) and 9.47 million micro loan customers, the bank has strong very hold in microfinance. Bandhan bank has 864 bank branches and 386 ATMs serving over 1.87 million general banking customers. Banks distribution network is strong in East and Northeast India, with West Bengal, Assam and Bihar.
Bandhan Bank Products:
1. Retail loans including micro loans, SME loans and small enterprise loans
2. Savings accounts, current accounts and a variety of fixed deposit accounts
3. Other banking products and services including debit cards, internet banking, mobile banking, EDC-POS terminals, online bill payment services and the distribution of third-party general insurance products and mutual fund products.
Bandhan Bank IPO- Industry Overview
The systemic credit in India (including banks and NBFCs) is dominated by public sector banks, which account for approximately 55% share of the total credit. Private banks have approximately one-fifth of the credit share. On the other hand, NBFCs account for approximately 18% of the system’s credit share, primarily because of NBFCs’ strong presence in the housing, infrastructure, and auto sectors. Regional rural banks are very small and account for just 2% of total systemic credit. Credit co-operatives, on the other hand, hold a 7% share of total systemic credit, distributed between urban and rural co-operatives
Bandhan Bank IPO-Objectives
- The object of the fresh issue is to augment the Bank’s Tier-I capital base to meet the Bank’s future capital requirements.
- The Selling Shareholders will be entitled to the respective portion of the proceeds of the Offer for Sale.
Bandhan Bank IPO- Financial Statements
Bandhan Bank IPO – Strength
- Operating Model Focused on Serving Underbanked and Underpenetrated Markets (microfinance)
- Consistent Track Record of Growing a Quality Asset and Liability Franchise.
- Extensive, Low-Cost Distribution Network.
- Provide accessible, simple, cost-effective and innovative financial solutions.
- Robust Capital Base.
- Maintaining focus on micro lending while expanding further into other retail and SME lending.
Company Contact Information
Bandhan Bank Limited
DN 32, Sector V,
Salt Lake,
Kolkata 700 091
Phone: 033 6609 0909
Email: investors@bandhanbank.com
Website: https://www.bandhanbank.com/
Bandhan Bank IPO Registrar
KFin Technologies Limited
Phone: 04067162222, 04079611000
Email: bandhanbank.ipo@karvy.com
Website: https://karisma.kfintech.com/
Lead Manager(s)
- Axis Bank Limited (Past IPO Performance)
- Goldman Sachs (India) Securities Private Limited (Past IPO Performance)
- J.P. Morgan India Private Limited (Past IPO Performance)
- JM Financial Limited (Past IPO Performance)
- Kotak Mahindra Capital Company Limited (Past IPO Performance)
Lead Manager Reports
- IPO Lead Manager Performance Summary
- IPO Lead Manager Performance Tracker
