Bandhan Bank Limited IPO

Bandhan Bank Limited Profile

Bandhan Bank Limited IPO Subscription details , Allotment Status, Listing Date and Grey Market Premium (GMP)
Bandhan Bank Limited IPO

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

IPO Allotment Status
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  • to know your Bandhan Bank Limited IPO Allotment Status follow the steps:
  1. Click Here to visit the website of the Registrar
  2. Select Bandhan Bank Limited from the dropDown Menu (This option will be made available at the end of above date)
  3. Select PAN radio Button
  4. Provide your PAN Number
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  6. Click on Submit Button
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