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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 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.

Bandhan Bank IPO Details

Bandhan Bank IPO Date Mar 15, 2018 to Mar 19, 2018
Bandhan Bank IPO Face Value ₹10 per share
Bandhan Bank IPO Price ₹370 to ₹375 per share
Bandhan Bank IPO Lot Size 40 Shares
Issue Size119,280,494 shares of ₹10
(aggregating up to ₹4,473.02 Cr)
Fresh Issue97,663,910 shares of ₹10
(aggregating up to ₹[.] Cr)
Offer for Sale21,616,584 shares of ₹10
(aggregating up to ₹[.] Cr)
Issue Type Book Built Issue IPO
Listing At BSE, NSE
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.

Bandhan Bank IPO Timeline (Tentative Timetable)

Bandhan Bank IPO opens on Mar 15, 2018, and closes on Mar 19, 2018. The Bandhan Bank IPO bid date is from Mar 15, 2018 10.00 A.M. to Mar 19, 2018 5.00 P.M. The Cut-off time for UPI Mandate confirmation is 5 PM on the issue closing day.

Event Date
Bandhan Bank IPO Opening Date Mar 15, 2018
Bandhan Bank IPO Closing Date Mar 19, 2018
Basis of Allotment Mar 22, 2018
Initiation of Refunds Mar 23, 2018
Credit of Shares to Demat Mar 26, 2018
Bandhan Bank IPO Listing Date Mar 27, 2018

Bandhan Bank IPO Lot Size

The Bandhan Bank IPO lot size is 40 shares. A retail-individual investor can apply for up to 13 lots (520 shares or ₹195,000).

Application Lots Shares Amount
Retail (Min) 1 40 ₹15,000
Retail (Max) 13 520 ₹195,000

Bandhan Bank IPO Review

Although current market sentiment on finance sector in doldrums, this bank has nothing of that sort and is having a niche play in micro financing where it will continue to dominate. Investment may be considered for short to long term. Read detail review...


Bandhan Bank IPO Subscription Status (Bidding Detail)

The Bandhan Bank IPO is subscribed 14.56 times on Mar 19, 2018 4:00:00 PM. The public issue subscribed 1.06 times in the retail category, 38.68 times in the QIB category, and 13.89 times in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)
QIB38.68
NII13.89
Retail1.06
Total14.56

Bandhan Bank IPO Prospectus

Bandhan Bank IPO Rating

1071
4.0
Rating:Rated 4.0 stars
Vote Here ...

Bandhan Bank IPO Listing Date

Listing Date Tuesday, March 27, 2018
BSE Script Code 541153
NSE Symbol BANDHANBNK
Listing In
ISIN INE545U01014
IPO Price ₹375 per share
Face Value ₹10 per share

Listing Day Trading Information

.
IPO Price
Open
Low
High
Last Trade
BSE
₹375.00
₹485.00
₹455.00
₹498.40
₹477.20
NSE
₹375.00
₹499.00
₹455.00
₹499.00
₹476.85

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/

Bandhan Bank IPO Review

Bandhan Bank IPO Recommendation Summary

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Members 0 0 0

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Bandhan Bank IPO FAQs

Bandhan Bank IPO is a main-board IPO of 119,280,494 equity shares of the face value of ₹10 aggregating up to ₹4,473.02 Crores. The issue is priced at ₹370 to ₹375 per share. The minimum order quantity is 40 Shares.

The IPO opens on Mar 15, 2018, and closes on Mar 19, 2018.

KFin Technologies Limited is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.

The Bandhan Bank IPO opens on Mar 15, 2018 and closes on Mar 19, 2018.

Bandhan Bank IPO lot size is 40 Shares and the minimum order quantity is .

You can apply in Bandhan Bank IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Edelweiss, ICICI Bank, HDFC Bank and SBI Bank.

The finalization of Basis of Allotment for Bandhan Bank IPO will be done on Mar 22, 2018, and the allotted shares will be credited to your demat account by Mar 26, 2018. Check the Bandhan Bank IPO allotment status.

The Bandhan Bank IPO listing date is on Tuesday, March 27, 2018.
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Bandhan Bank IPO Message Board

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1469 Comments

789. Ali laskar |   Link |May 9, 2018 11:58:30 AM
Ok
788. KNSHAH |   Link |Apr 12, 2018 10:50:12 PM
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.
788.1. Nikunj Padia |   Link |Apr 12, 2018 11:13:16 PM
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.
787. gaurvagrwl |   Link |Apr 12, 2018 8:53:58 PM
Upcoming ipo?
786. Paras securities and consultant pvt Ltd |   Link |Apr 9, 2018 8:38:54 PM
Next target befor result 525-530.
786.1. unkill bacardi |   Link |Apr 11, 2018 1:41:15 PM
today it reach to 527...
785. unkill bacardi |   Link |Apr 11, 2018 1:29:32 PM
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 ?
784. JSP |   Link |Apr 10, 2018 4:27:39 PM
Please let me know any fresh target of Bandhan Bank for Quartely Result??
Also let me know exact date of Quarterly Result.
783. Nisha Sharma |   Link |Apr 10, 2018 3:50:33 PM
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.
782. Iqbal |   Link |Apr 8, 2018 11:55:04 AM
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................????
781. Nikunj Padia |   Link |Apr 2, 2018 10:48:52 AM
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. 
781.4. KNSHAH |   Link |Apr 7, 2018 7:48:24 PM
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
781.5. Nikunj Padia |   Link |Apr 7, 2018 8:06:06 PM
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.
780. Meet m shah |   Link |Apr 3, 2018 11:48:21 AM
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...!
780.2. sauravk |   Link |Apr 3, 2018 7:37:12 PM
Top Contributor Top Contributor (200+ Posts, 400+ Likes)
These are high pedigree companies. Buy and forget. Target 770-820 in 6 months.
780.3. NarenGoud |   Link |Apr 5, 2018 12:25:20 PM
Touched 511.65 today.
779. NarenGoud |   Link |Apr 5, 2018 10:07:57 AM
Bandhan Bank is rocking today. Any target? Should I hold or exit?
778. Samim Ahammad |   Link |Apr 1, 2018 8:01:50 PM
Bandhan bank jaisai ipo aana chaye
777. kiah |   Link |Apr 1, 2018 12:18:58 PM
Bandhan bank short term target?
776. Mayur Nakar |   Link |Mar 29, 2018 2:44:21 PM
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


776.1. AKH |   Link |Mar 30, 2018 1:35:43 PM
IPO Mentor IPO Mentor (900+ Posts, 700+ Likes)
आखिर कहना क्या चाहते होे ?
775. IPO GRUP |   Link |Mar 30, 2018 12:25:39 AM
SANDHAR GMP NOW AT REPORT 35 TO 36 AND LISING 50 ++. DEFINET
774. Avenue |   Link |Mar 29, 2018 12:47:08 PM
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
773. Cool Sunshine |   Link |Mar 27, 2018 11:53:56 AM
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.
773.12. Cool Sunshine |   Link |Mar 27, 2018 6:07:37 PM
@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.
773.13. sugreev |   Link |Mar 29, 2018 11:01:49 AM
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.
772. NRI Investor |   Link |Mar 28, 2018 9:30:14 AM
Top Contributor Top Contributor (200+ Posts, 300+ Likes)
It is going upward and it will go upside til 550+ in week time. Buy and HOLD for long term.
772.2. sugreev |   Link |Mar 29, 2018 10:56:25 AM
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
772.3. sugreev |   Link |Mar 29, 2018 11:00:23 AM
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.
771. suresh pp |   Link |Mar 28, 2018 9:01:34 PM
I have 1090 share alloted hold or sell ?pls. Info.
770. Market lover |   Link |Mar 28, 2018 9:12:16 AM
It should be downward criteria today
No more buyer seen in pre market
What should I do
Sell or hold??
770.1. Pokemongo |   Link |Mar 28, 2018 8:25:41 PM
Top Contributor Top Contributor (400+ Posts, 300+ Likes)
sell half when in doubt