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Bandhan Bank Limited IPO (Bandhan Bank IPO) Detail

March 15, 2018 - March 19, 2018

Bandhan Bank IPO is a book built issue of Rs 4,473.02 crores. The issue is a combination of fresh issue of 9.77 crore shares and offer for sale of 2.16 crore shares.

Bandhan Bank IPO bidding started from March 15, 2018 and ended on March 19, 2018. The allotment for Bandhan Bank IPO was finalized on Thursday, March 22, 2018. The shares got listed on BSE, NSE on March 27, 2018.

Bandhan Bank IPO price band is set at ₹370 to ₹375 per share. The minimum lot size for an application is 40 Shares. The minimum amount of investment required by retail investors is ₹15,000.

Axis Bank Limited, Goldman Sachs (India) Securities Private Limited, J.P. Morgan India Private Limited, Jm Financial Limited and Kotak Mahindra Capital Company Limited are the book running lead managers of the Bandhan Bank IPO, while Kfin Technologies Limited is the registrar for the issue.

Refer to Bandhan Bank IPO RHP for detailed information.

Bandhan Bank IPO Details

IPO Date March 15, 2018 to March 19, 2018
Listing Date March 27, 2018
Face Value ₹10 per share
Price Band ₹370 to ₹375 per share
Lot Size 40 Shares
Total Issue Size119,280,494 shares
(aggregating up to ₹4,473.02 Cr)
Fresh Issue97,663,910 shares
(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

Bandhan Bank IPO Reservation

Bandhan Bank IPO offers 83,496,347 shares. 23,856,099 (28.57%) to QIB, 17,892,075 (21.43%) to NII, 41,748,173 (50.00%) to RII. 1,043,704 RIIs will receive minimum 40 shares and (sNII) and (bNII) will receive minimum 560 shares. (in case of oversubscription)

Investor Category Shares OfferedMaximum Allottees
Anchor Investor Shares Offered-NA
QIB Shares Offered23,856,099 (28.57%)NA
NII (HNI) Shares Offered17,892,075 (21.43%)
Retail Shares Offered41,748,173 (50.00%)1,043,704
Total Shares Offered83,496,347 (100%)

Bandhan Bank IPO Timeline (Tentative Schedule)

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

IPO Open Date Thursday, March 15, 2018
IPO Close Date Monday, March 19, 2018
Basis of Allotment Thursday, March 22, 2018
Initiation of Refunds Friday, March 23, 2018
Credit of Shares to Demat Monday, March 26, 2018
Listing Date Tuesday, March 27, 2018
Cut-off time for UPI mandate confirmation 5 PM on March 19, 2018

Bandhan Bank IPO Lot Size

Investors can bid for a minimum of 40 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.

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

About Bandhan Bank Limited

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 (Bandhan Bank IPO Objectives)

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 Review (Apply)

[Dilip Davda]  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 March 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)

Bandhan Bank IPO Prospectus

Bandhan Bank IPO Rating

Rating:Rated 4.0 stars
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Bandhan Bank IPO Listing Details

Listing Date March 27, 2018
BSE Script Code 541153
ISIN INE545U01014
Final Issue Price ₹375 per share

Pre-Open Session - NSE Pre-Open Session - BSE

Listing Day Trading Information

Price Details
Final Issue Price
Last Trade

Check IPO Performance…

Bandhan Bank Limited Contact Details

Bandhan Bank Limited
DN 32, Sector V,
Salt Lake,
Kolkata 700 091
Phone: 033 6609 0909

Bandhan Bank IPO Registrar

Kfin Technologies Limited

Phone: 04067162222, 04079611000

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 March 15, 2018, and closes on March 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 March 15, 2018 and closes on March 19, 2018.

Bandhan Bank IPO lot size is 40 Shares, and the minimum amount required is ₹15,000.

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, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.

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

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

Ranked Members of Forum  Ranked Members | Members with Most Likes



789. Ali laskar |   Link |  Bookmark |May 9, 2018 11:58:30 AM
788. KNSHAH |   Link |  Bookmark |April 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 |  Bookmark |April 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 |  Bookmark |April 12, 2018 8:53:58 PM
Upcoming ipo?
786. Paras securities and consultant pvt Ltd |   Link |  Bookmark |April 9, 2018 8:38:54 PM
Next target befor result 525-530.
786.1. unkill bacardi |   Link |  Bookmark |April 11, 2018 1:41:15 PM
today it reach to 527...
785. unkill bacardi |   Link |  Bookmark |April 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 |  Bookmark |April 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 |  Bookmark |April 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 for IPO update.
782. Iqbal |   Link |  Bookmark |April 8, 2018 11:55:04 AM
I'm not applied in this IPO ????????????????????????

This song dedicates to ???? SamBandh bank

Market tera IPOS ka mela pichhe chhuta tu bandhan bank chal akela................????
781. Nikunj Padia |   Link |  Bookmark |April 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 |  Bookmark |April 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 |  Bookmark |April 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 |  Bookmark |April 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 |  Bookmark |April 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 |  Bookmark |April 5, 2018 12:25:20 PM
Touched 511.65 today.
779. NarenGoud |   Link |  Bookmark |April 5, 2018 10:07:57 AM
Bandhan Bank is rocking today. Any target? Should I hold or exit?
778. Samim Ahammad |   Link |  Bookmark |April 1, 2018 8:01:50 PM
Bandhan bank jaisai ipo aana chaye
777. kiah |   Link |  Bookmark |April 1, 2018 12:18:58 PM
Bandhan bank short term target?
776. Mayur Nakar |   Link |  Bookmark |March 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 |  Bookmark |March 30, 2018 1:35:43 PM
IPO Mentor IPO Mentor (900+ Posts, 700+ Likes)
आखिर कहना क्या चाहते होे ?
775. IPO GRUP |   Link |  Bookmark |March 30, 2018 12:25:39 AM
774. Avenue |   Link |  Bookmark |March 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 |  Bookmark |March 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 |  Bookmark |March 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 |  Bookmark |March 29, 2018 11:01:49 AM (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 |  Bookmark |March 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 |  Bookmark |March 29, 2018 10:56:25 AM (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 |  Bookmark |March 29, 2018 11:00:23 AM (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 |  Bookmark |March 28, 2018 9:01:34 PM
I have 1090 share alloted hold or sell ?pls. Info.
770. Market lover |   Link |  Bookmark |March 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 |  Bookmark |March 28, 2018 8:25:41 PM
Top Contributor Top Contributor (400+ Posts, 300+ Likes)
sell half when in doubt