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Bandhan Bank Limited IPO (Bandhan Bank IPO) Detail

Mar 15, 2018 - Mar 19, 2018

Incorporated in 2014, 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 Strengths:
1. Operating Model Focused on Serving Underbanked and Underpenetrated Markets (microfinance)
2. Consistent Track Record of Growing a Quality Asset and Liability Franchise
3. Extensive, Low Cost Distribution Network
4. Provide accessible, simple, cost-effective and innovative financial solutions
5. Robust Capital Base
6. Maintaining focus on micro lending while expanding further into other retail and SME lending

Company Promoters:

The Promoters of the Bank are BFHL, BFSL, FIT and NEFIT.

1. Bandhan Financial Services Private Limited (BFSL) is a non-banking financial institution for purposes
of carrying out non-banking financial activities without accepting public deposits.

2. BFSL was accorded in-principle approval by the RBI on April 9, 2014 for setting up a bank in the private sector. The promoter of BFHL is BFSL.

3. FIT is an irrevocable charitable trust with objectives including inter alia eliminating functional illiteracy in India by making education economically relevant.

4. NEFIT is an an irrevocable charitable trust with objectives including inter alia eliminating illiteracy in India by making education available to the underprivileged.

Company Financials:

Summary of financial Information (Restated)
Particulars For the year/period ended (in Rs. million)
31-Mar-17 31-Mar-16 31-Mar-15
Total Assets 302,360.90 197,565.00 5,268.88
Total Revenue 43,201.23 17,312.54 79.53
Profit After Tax 11,119.52 2,752.47 5.76

Objects of the Issue:

The Issue comprises of a Fresh Issue and an Offer for Sale.

Fresh Issue
The object of the fresh issue is to augment Bank's Tier-I capital base to meet Bank's future capital requirements.

Offer for Sale
The Selling Shareholders will be entitled to the respective portion of the proceeds of the Offer for Sale.

Issue Detail:

  »»  Issue Open: Mar 15, 2018 - Mar 19, 2018
  »»  Issue Type: Book Built Issue IPO
  »»  Issue Size: 119,280,494 Equity Shares of Rs 10 aggregating up to Rs 4,473.02 Cr
    ›  Fresh Issue of 97,663,910 Equity Shares of Rs 10 aggregating up to Rs [.] Cr
    ›  Offer for Sale of 21,616,584 Equity Shares of Rs 10 aggregating up to Rs [.] Cr
  »»  Face Value: Rs 10 Per Equity Share
  »»  Issue Price: Rs 370 - Rs 375 Per Equity Share
  »»  Market Lot: 40 Shares
  »»  Minimum Order Quantity: 40 Shares
  »»  Listing At: BSE, NSE

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Bandhan Bank IPO Subscription Status / Live Bidding Status

Bandhan Bank IPO Subscription Status tells if Bandhan Bank IPO subscribed or not. Investors can bid for IPO shares between 10 AM to 5 PM when public issue is open. Bandhan Bank IPO oversubscribed if bids are received for more shares than what is offered by the company.

Bandhan Bank IPO - How Many Times Subscribed?
Number of Times Subscribed (BSE + NSE)
As on Date & TimeQIBNIIRIITotal
Shares Offered / Reserved23,856,09917,892,07541,748,17383,496,347
Day 1 - Mar 15, 2018 17:00 IST1.26000.01000.12000.4200
Day 2 - Mar 16, 2018 17:00 IST2.33000.24000.33000.8800
Day 3 - Mar 19, 2018 16:00 IST38.677913.89391.058914.5619

Bandhan Bank IPO Prospectus

Bandhan Bank IPO Rating

1071
4.0
Rating:Rated 4.0 stars

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Bandhan Bank IPO Listing Date

  •   ›  Listing Date: Tuesday, March 27, 2018
  •   ›  BSE Script Code: 541153
  •   ›  NSE Symbol: BANDHANBNK
  •   ›  Listing In:
  •   ›  ISIN: INE545U01014
  •   ›  Issue Price: Rs 375 Per Equity Share
  •   ›  Face Value: Rs 10 Per Equity Share

Listing Day Trading Information

.
Issue Price:
Open:
Low:
High:
Last Trade:
Volume:
BSE
Rs 375.00
Rs 485.00
Rs 455.00
Rs 498.40
Rs 477.20
13,907,287
NSE
Rs 375.00
Rs 499.00
Rs 455.00
Rs 499.00
Rs 476.85
91,036,634

Bandhan Bank IPO News Alerts

  1. Tuesday, March 27, 2018 12:00:00 AM
    Bandhan Bank IPO Listing Date & Info
  2. Friday, March 23, 2018 12:00:00 AM
    Bandhan Bank IPO Allotment Status
  3. Monday, March 19, 2018 12:00:00 AM
    Bandhan Bank IPO Closes on Mar 19, 2018
  4. Thursday, March 15, 2018 12:00:00 AM
    Bandhan Bank IPO Opens on Mar 15, 2018

Company Contact Information

Bandhan Bank Limited
DN 32, Sector V,
Salt Lake,
Kolkata 700 091
Phone: 033 6609 0909
Fax: 033 6609 0502
Email: investors@bandhanbank.com
Website: https://www.bandhanbank.com/

Bandhan Bank IPO Registrar

Karvy Computershare Private Limited   »  Report
   Karvy House, 46, Avenue 4, Street No. 1,
   Banjara Hills, Hyderabad - 500 034
   Andhra Pradesh, India

Phone: +91-40-23312454
Fax: +91-40-23311968
Email: bandhanbank.ipo@karvy.com
Website: http://karisma.karvy.com

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Bandhan Bank IPO Review / Comments

avatar
789. Vicky Marwah  Mar 23, 2018 4:21:48 PM IST I Like It. | Report Abuse Reply
16 out of 16 dekhte hai ab kya hota hai
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789.1. Eagleye  May 18, 2018 9:54:02 PM IST I Like It. | Report Abuse
IPO Guru IPO Guru (4600+ Posts, 14000+ Likes)
WOW .. I hope you made good money
avatar
788. Ali laskar  May 9, 2018 11:58:30 AM IST I Like It. | Report Abuse Reply
Ok
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787. KNSHAH  Apr 12, 2018 10:50:12 PM IST I Like It. | Report Abuse Reply
I sold ITC 550 shares @267 and invested the money in Cineline India @71
Cineline India would be no 1 multibagger now trading @83 with 1-2 UC expected.
Cineline India is a media cum infra company leasing malls to PVR located in prime locations of mumbai so i advise you to invest in it.
Caution do your own research before investing.
Thanking You.
avatar
787.1. Nikunj Padia  Apr 12, 2018 11:13:16 PM IST I Like It. | Report Abuse
Great. I agree that some stocks got stuck at particular price if everything goes steadily subject to positive or negative news comes in. So better to invest in new entrant which has sound financials.
avatar
786. Nikunj Padia  Apr 2, 2018 10:48:52 AM IST I Like It. 2 | Report Abuse Reply
Message on Moneycontrol Message Board: Bandhan Bank
New FY. New Hope and New stocks and strategy. After detailed analysis over the long weekend, following are my Best bets for FY18-19:1) ITC - Target 350. 2) RBL Bank - Target 595. 3) Capacite Infra - Target 480. 4) Bandhan Bank - Target 650. 5) IDFC Bank - Target 95. 6) Welspun India - Target 110. 7) India Glycols - Target 800. 8) ITI Ltd - Target 205. 9) AB Capital - Target 350. All these are long term views. At least 1-2 years. There is very little margin for these to go lower from current levels and all are high performing companies and have been beaten down a lot in recent correction. Even if markets remain bearish, these will not go down much from current levels. Happy investing. 
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786.4. KNSHAH  Apr 7, 2018 7:48:24 PM IST I Like It. | Report Abuse
Nikunj Bhai
Do u really think ITC is good Company as it is struck between 260-275 from last 3-4 months even i had invested almost 8 months ago and as of now i m in No loss-profit situation and planning to switch over HUL/TCS/INFOSYS
Any views/suggestions kindly revert back.
Thanking You
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786.5. Nikunj Padia  Apr 7, 2018 8:06:06 PM IST I Like It. | Report Abuse
KNSHAH.. I Recommend you to hold ITC. If you have a more quantity of shares of ITC then u can sell few of it to diverse your portfolio. The ITC and HUL both are bluechips so nothing to worry. But if u have small or avg quantity then u can hold for a longer period. Normally 8 to 12 months to earn good return.
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785. gaurvagrwl  Apr 12, 2018 8:53:58 PM IST I Like It. | Report Abuse Reply
Upcoming ipo?
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784. Paras securities and consultant pvt Ltd  Apr 9, 2018 8:38:54 PM IST I Like It. 4 | Report Abuse Reply
Next target befor result 525-530.
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784.1. unkill bacardi  Apr 11, 2018 1:41:15 PM IST I Like It. | Report Abuse
today it reach to 527...
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783. unkill bacardi  Apr 11, 2018 1:29:32 PM IST I Like It. | Report Abuse Reply
What is the reason it is going up ?
Today it touches 525/-..

I have one lot ..Is it ok to hold it for six months ?
avatar
782. JSP  Apr 10, 2018 4:27:39 PM IST I Like It. | Report Abuse Reply
Please let me know any fresh target of Bandhan Bank for Quartely Result??
Also let me know exact date of Quarterly Result.
avatar
781. Nisha Sharma  Apr 10, 2018 3:50:33 PM IST I Like It. | Report Abuse Reply
Gain was amid investors betting on low cost operations model and high growth potential for the bank. Bank, based out of Kolkata is expecting to grow its roots and focus on financial inclusion to under penetrated regions. I'm also follow Advisorymandi.com for IPO update.
avatar
780. Iqbal  Apr 8, 2018 11:55:04 AM IST I Like It. | Report Abuse Reply
I'm not applied in this IPO 😭😭😭😭😭😭

This song dedicates to 👇 SamBandh bank

https://youtu.be/pflINcgXW9

Market tera IPOS ka mela pichhe chhuta tu bandhan bank chal akela................😢
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779. Meet m shah  Apr 3, 2018 11:48:21 AM IST I Like It. 1 | Report Abuse Reply
Still i have one lot 40shares @375 what to do hold or book profit experts advice plzz it will touch 500 or below 430 level...? Thanking you...!
avatar
779.2. sauravk  Apr 3, 2018 7:37:12 PM IST I Like It. 3 | Report Abuse
Top Contributor Top Contributor (200+ Posts, 300+ Likes)
These are high pedigree companies. Buy and forget. Target 770-820 in 6 months.
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779.3. NarenGoud  Apr 5, 2018 12:25:20 PM IST I Like It. 2 | Report Abuse
Touched 511.65 today.
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778. NarenGoud  Apr 5, 2018 10:07:57 AM IST I Like It. 1 | Report Abuse Reply
Bandhan Bank is rocking today. Any target? Should I hold or exit?
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777. Samim Ahammad  Apr 1, 2018 8:01:50 PM IST I Like It. | Report Abuse Reply
Bandhan bank jaisai ipo aana chaye
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776. kiah  Apr 1, 2018 12:18:58 PM IST I Like It. | Report Abuse Reply
Bandhan bank short term target?
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775. Mayur Nakar  Mar 29, 2018 2:44:21 PM IST I Like It. 2 | Report Abuse Reply
Hey All,
I Applied 11 Single Lot Application Means I Got 440 Shares And I Also Applied 1 Application of 200 Shares In this I Got 59 Shares
Total I Get Allotment Of 499 Shares

I Sold More Than Half Shares In Preopen 499 Price And Balance Shares Sold Around 475= Total Avg 485

Net Profit 55000 Around In Bandhan Bank IPO
Not Subscribed Any Other IPO In March


avatar
775.1. AKH  Mar 30, 2018 1:35:43 PM IST I Like It. 16 | Report Abuse
IPO Mentor IPO Mentor (800+ Posts, 700+ Likes)
आखिर कहना क्या चाहते होे ?
avatar
774. IPO GRUP  Mar 30, 2018 12:25:39 AM IST I Like It. | Report Abuse Reply
Top Contributor Top Contributor (200+ Posts)
SANDHAR GMP NOW AT REPORT 35 TO 36 AND LISING 50 ++. DEFINET
avatar
773. Avenue  Mar 29, 2018 12:47:08 PM IST I Like It. | Report Abuse Reply
Which is better in terms of allotment chances, NII or Retail. ? I mean In Retail category - over subscription case, I get a maximum of one lot if at all successful. I feel not in case of NII
Please tell Pros and Cons of applying in NII category.
Thanks for help
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772. Cool Sunshine  Mar 27, 2018 11:53:56 AM IST I Like It. 13 | Report Abuse Reply
I have been allotted one lot and planning to exit.

Might re-enter later if it corrects otherwise will be happy to enjoy my profits.
avatar
772.12. Cool Sunshine  Mar 27, 2018 6:07:37 PM IST I Like It. 7 | Report Abuse
@verma ji

Kyo na ho. It is very rare that a damsell in distress asks for the help in dark alleys of chittorgarh.
Those selected few trollers do such a hard work of creating new IDs to attack and what not for every new IPO forum on chittorgarh, if I dont say anything on their attack and acknowlege, they will get disheartened.
avatar
772.13. sugreev  Mar 29, 2018 11:01:49 AM IST I Like It. 1 | Report Abuse
Top Contributor Top Contributor (200+ Posts, 200+ Likes)
138. sugreev Mar 11, 2018 2:52:40 PM IST I Like It. 1 | Report Abuse

Top Contributor Top Contributor (200+ Posts, 200+ Likes)
Private bank in profit, low NPAs, assured customers. Will be like RBL Bank. Listing gain will be on the lower side due to market sentiments. Mostly assured allotment, apply in minimum lots.
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771. NRI Investor  Mar 28, 2018 9:30:14 AM IST I Like It. 4 | Report Abuse Reply
It is going upward and it will go upside til 550+ in week time. Buy and HOLD for long term.
avatar
771.2. sugreev  Mar 29, 2018 10:56:25 AM IST I Like It. 1 | Report Abuse
Top Contributor Top Contributor (200+ Posts, 200+ Likes)
79. sugreev Mar 8, 2018 10:11:27 AM IST I Like It. 1 | Report Abuse
Top Contributor Top Contributor (200+ Posts, 200+ Likes)

Think of RBL BANK
avatar
771.3. sugreev  Mar 29, 2018 11:00:23 AM IST I Like It. 1 | Report Abuse
Top Contributor Top Contributor (200+ Posts, 200+ Likes)
138. sugreev Mar 11, 2018 2:52:40 PM IST I Like It. 1 | Report Abuse
Top Contributor Top Contributor (200+ Posts, 200+ Likes)

Private bank in profit, low NPAs, assured customers. Will be like RBL Bank. Listing gain will be on the lower side due to market sentiments. Mostly assured allotment, apply in minimum lots.
avatar
770. suresh pp  Mar 28, 2018 9:01:34 PM IST I Like It. | Report Abuse Reply
I have 1090 share alloted hold or sell ?pls. Info.
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