Bandhan Bank gets SEBI’s Go Ahead for 2500 Crore IPO

By Jagat Joshi
March 7, 2018
9:57 am
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By Jagat Joshi
March 7, 2018

Bandhan Bank files DRHP in January to SEBI and they were waiting for the go ahead. Kolkata based public sector bank secured their way to the initial public offer from SEBI. It will be one of the biggest ipo of banking sector about Rs.2500 crore. In April 2014 Bandhan Bank got the banking license from Reserve Bank of India.

As per DRHP the ipo comprises fresh issue of 97,663,910 equity shares and offer for sale of 14,050,780 shares by International Finance Corporation (IFC) and 7,565,804 shares by IFC FIG Investment Company.

The shares will be listed on NSE and BSE. The issue will be the biggest and a good one for the investors. The ipo lead managers will be Kotak Mahindra Capital Company Ltd, Axis Capital Ltd, Goldman Sachs (India) Securities Pvt Ltd, JM Financial Institutional Securities and JP Morgan India Private Ltd.

Jagat Joshi

Founder of IPOWatch, brings nearly 15 years of experience in IPO analysis and market research. He provides complete coverage of upcoming IPOs, subscription trends, grey market premiums (GMP), and post-listing performance, along with easy-to-understand reviews, insights, and analysis. In his working journey, he has worked with various platforms and received expertise in stock market analysis and primary markets.

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Disclaimer: This content is provided strictly for educational and informational purposes. The securities or investments mentioned are not to be considered as investment advice or recommendations. The Investors are advised to do their own research or connect with a financial advisor before making any investment decisions.