Bandhan Bank Limited Profile
Bandhan Bank Limited was integrated on 23rd December 2014 based in Kolkata. Bandhan Bank established authorization from the Reserve Bank of India (RBI) for setting up a universal bank in April 2014. The banking regulator gave its final nod in June 2015. Bandhan is the first bank to be set up in the eastern portion of India after Independence. Bandhan Bank is an entirely owned subsidiary of Bandhan Financial Holdings Limited. Bandhan Financial Holdings Ltd. is possessed by Bandhan Financial Services Limited (BFSL), the largest microfinance organization in India.
The RBI licensing norms stipulate that a new bank must have a Rs.500 crore capital. Bandhan Bank started with a capital base of Rs. 2,570 crores and this has been raised to Rs. 4,446 crores as on March 31, 2017.This translates into more than 26.34% capital to risk-weighted assets ratio or CAR for the new bank, signifying its strength. The public stakeholders contain Caladium Investment Pte. Ltd, International Finance Corporation (IFC) FIG Investment Company, Small Industries Development Bank of India (SIDBI), and a few individuals.
Key Strengths OF Bandhan Bank Limited :
Their values are anchored around business ethics, consumer focus and corporate responsibility towards society at large.
- Cost-effective and simple.
- Respect for all.
- Exemplary governance.
- Accountability, professionalism, and discipline.
- Transparency and integrity.
- Effective teamwork and commitment.
Bandhan Bank Limited Promoters:
The Promoters of the Bank are Financial Inclusion Trust (FIT), Bandhan Financial Holdings Limited (BFHL), Bandhan Financial Services Limited (BFSL), and North East Financial Inclusion Trust (NEFIT).
Bandhan Bank Limited IPO details:
Symbol: BANDHANBNK
Issue Size: Initial Public offer of upto 119,280,494 Equity Shares comprising of a Fresh Issue upto 97,663,910 and an Offer for Sale upto 21,616,584 Equity Shares
Face Value: Rs 10
Price Range: Rs 370 to Rs 375
Issue Type: 100% Book Building
Bid Lot: 40 Equity Shares and in multiples thereof
Minimum Order Quantity: 40 Equity Shares
Issue Period: 15 March 2018 to 19 Mar 2018
Maximum Subscription Amount for Retail Investor: Rs. 2,00,000
Registrar: Karvy Computershare Private Limited
Listing At: BSE, NSE
IPO Market Timings: 10.00 a.m. to 5.00 p.m.
Bandhan Bank Limited Financials:
| Bandhan Bank Limited financial performance (in INR crore) | |||||||
| FY2015 | FY2016 | FY2017 | H1 FY2018 | ||||
| Total revenue | 7.9 | 1,731.3 | 4,320.1 | 2,618.1 | |||
| Total expenses | 5.6 | 1,317.7 | 2,615.7 | 1,608.8 | |||
| Profit after tax | 0.6 | 275.2 | 1,112.0 | 657.7 | |||
| Net margin (%) | 7.6 | 15.9 | 25.7 | 25.1 | |||
Bandhan Bank Limited IPO Subscription Details:
| Category | Shares offered | Subscription (no. of times) | ||
| Day1 | Day 2 | Day 3 | ||
| QIB | 23856099 | 1.26 | 2.33 | |
| NII | 17892075 | 0.01 | 0.24 | |
| Retail | 41748173 | 0.12 | 0.33 | |
| Employees | — | — | — | — |
| Total | 83496347 | 0.42 | 0.88 |
Bandhan Bank IPO Grey Market Price, Rates, GMP Premium
Bandhan Bank IPO Grey Market Premium (GMP) as on 26 March 2018 today at Rs. 30-35 with Kostak at 600-700.
Bandhan Bank IPO Grey Market Premium (GMP) as on 22 March 2018 at Rs. 15-20 with Kostak at 600-700.
Bandhan Bank IPO Grey Market Premium (GMP) as on 21 March 2018 tt Rs. 15-20 with Kostak at 600-700.
Bandhan Bank IPO Grey Market Premium (GMP) as on 20 March 2018 at Rs. 15-20 with Kostak at 600-700.
Bandhan Bank IPO Grey Market Premium (GMP) as on 19 March 2018 at Rs. 15-20 with Kostak at 600-700.
Bharat Dynamics IPO Grey Market Premium (GMP) as on 16 March 2018 at Rs. 15 with Kostak at n/a.
Bandhan Bank IPO Grey Market Premium (GMP) as on 15 March 2018 at Rs. 25-30 with Kostak at 700-800.
Bandhan Bank IPO Grey Market Premium (GMP) as on 14 March 2018 at Rs. 25-30 with Kostak at 650-700.
Bandhan Bank IPO Grey Market Premium (GMP) as on 14 March 2018 at Rs. 25-30 with Kostak at 650-700.
Bandhan Bank IPO Grey Market Premium (GMP) as on 12 March 2018 at Rs. 20-25 with Kostak at 650-700.
Bandhan Bank Grey Market Premium (GMP) as on 9 March 2018 at Rs. 20-25 with Kostak at 650-700.
Bandhan Bank Grey Market Premium (GMP) as on 8 March 2018 at Rs. 20-25 with Kostak at 650-700.
Bandhan Bank Limited Allotment Status:
Bandhan Bank Limited IPO Allotment Date: 22 March 2018
Bandhan Bank Limited IPO Listing Date: 27 March 2018
We can check our allotment status using our PAN number.
- To know about Bandhan Bank Limited IPO allotment Status visit this page again by end of the above date.
- With your Family and friends, you can share the allotment status through the Social buttons on top.
- to know your Bandhan Bank Limited IPO Allotment Status follow the steps:
- Click Here to visit the website of the Registrar
- Select Bandhan Bank Limited from the dropDown Menu (This option will be made available at the end of above date)
- Select PAN radio Button
- Provide your PAN Number
- Enter the Captcha
- Click on Submit Button
