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RBL Bank IPO is a book built issue of Rs 1,212.97 crores. The issue comprises of fresh issue of Rs 832.50 crore and offer for sale of 1.69 crore shares.
RBL Bank IPO bidding started from August 19, 2016 and ended on August 23, 2016. The shares got listed on BSE, NSE on August 31, 2016.
RBL Bank IPO price band is set at ₹224 to ₹225 per share. The minimum lot size for an application is 65 Shares. The minimum amount of investment required by retail investors is ₹14,625.
Axis Bank Limited, Citigroup Global Markets India Private Limited, Hdfc Bank Limited, ICICI Securities Limited, Dam Capital Advisors Ltd (Formerly Idfc Securities Ltd), Iifl Securities Ltd, Kotak Mahindra Capital Company Limited, Morgan Stanley India Company Pvt Ltd and SBI Capital Markets Limited are the book running lead managers of the RBL Bank IPO, while Link Intime India Private Ltd is the registrar for the issue.
Refer to RBL Bank IPO RHP for detailed information.
| IPO Date | August 19, 2016 to August 23, 2016 |
| Listing Date | August 31, 2016 |
| Face Value | ₹10 per share |
| Price Band | ₹224 to ₹225 per share |
| Lot Size | 65 Shares |
| Total Issue Size | 53,909,628 shares (aggregating up to ₹1,212.97 Cr) |
| Fresh Issue | 37,000,000 shares (aggregating up to ₹832.50 Cr) |
| Offer for Sale | 16,909,628 shares of ₹10 (aggregating up to ₹[.] Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
RBL Bank IPO offers 37,901,919 shares. 10,864,515 (28.66%) to QIB, 8,111,221 (21.40%) to NII, 18,926,183 (49.93%) to RII. 291,172 RIIs will receive minimum 65 shares and (sNII) and (bNII) will receive minimum 910 shares. (in case of oversubscription)
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | - | NA |
| QIB Shares Offered | 10,864,515 (28.66%) | NA |
| NII (HNI) Shares Offered | 8,111,221 (21.40%) | |
| Retail Shares Offered | 18,926,183 (49.93%) | 291,172 |
| Total Shares Offered | 37,901,919 (100%) |
Investors can bid for a minimum of 65 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 | 65 | ₹14,625 |
| Retail (Max) | 13 | 845 | ₹190,125 |
| Lot Size Calculator | |||
Incorporated in 1943 as a regional bank in Maharashtra, RBL Bank Ltd is a Mumbai India based private sector bank offering range of banking products and services to large corporations, SMEs, agricultural customers, retail customers and development banking & financial inclusion (low income) customers.
As of March 31, 2016, RBL had 197 branches and 362 ATMs spread across 16 Indian states serving over 1.9 million customers.Information in this paragraph is taken from chittorgarh.com, India's No. 1 IPO Investment Portal.
RBL acquired certain Indian businesses of the Royal Bank of Scotland (RBS), including the RBS's business banking, credit card and mortgage portfolio businesses, in 2014.
RBL's business segments consist of corporate and institutional banking, commercial banking, branch and business banking, agribusiness banking, development banking and financial inclusion and treasury and financial markets operations.Discuss this IPO on Chittorgarh.com, the most active IPO discussion forum.
RBL's Competitive Strengths:
1. Client focused approach to business resulting in growing brand recognition
2. Robust multi-channel distribution system
3. Partnerships that expand reach in rural markets
4. Growing net interest and non-interest income
5. Risk management and balance sheet focus
6. Modern and scalable information technology systems infrastructure
7. Focus on operational quality and scalability
| Particulars | For the year/period ended (in Rs. Million) | ||||
|---|---|---|---|---|---|
| 31-Mar-16 | 31-Mar-15 | 31-Mar-14 | 31-Mar-13 | 31-Mar-12 | |
| Total Assets | 391,600.91 | 271,036.49 | 181,970.77 | 129,622.74 | 72,072.67 |
| Total Revenue | 32,348.50 | 23,564.94 | 16,125.88 | 10,057.61 | 5,322.16 |
| Profit After Tax (PAT) | 2,968.02 | 2,084.51 | 928.88 | 925.28 | 657.43 |
The public issue comprises a fresh Issue and an offer for sale by the selling shareholders. Information in this section is taken from chittorgarh.com, India's No 1 IPO Investment Portal.
1. The Offer for Sale
RBL Bank will not receive any proceeds from the Offer for Sale.
2. The Fresh Issue
The proceeds from the fresh issue will be utilised towards the following objects:
A. Augment capital base to meet Bank's future capital requirements ;
B. Enhance their visibility and brand name among existing and potential customers.;
C. General corporate purposes.
[Dilip Davda] Bank has continued to outperform on Y-o-Y with modern business practices and governance in place. Banking counters are now gauged on asset quality aspects. Considering this, issue may be considered by investors for long term investment. Read detail review...
The RBL Bank IPO is subscribed 69.62 times on August 23, 2016 6:18:00 PM. The public issue subscribed 5.70 times in the retail category, 85.08 times in the QIB category, and 198.06 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| QIB | 85.08 |
| NII | 198.06 |
| Retail | 5.70 |
| Total | 69.62 |
| Listing Date | August 31, 2016 |
| BSE Script Code | 540065 |
| NSE Symbol | RBLBANK |
| ISIN | INE976G01028 |
| Final Issue Price | ₹225 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| BSE |
|---|
| ₹225.00 |
| ₹273.70 |
| ₹273.70 |
| ₹305.00 |
| ₹299.30 |
| NSE |
|---|
| ₹225.00 |
| ₹274.20 |
| ₹274.20 |
| ₹305.50 |
| ₹299.40 |
RBL Bank Ltd
RBL Bank Ltd,
1 st Lane, Shahupuri,
Kolhapur - 416 001
Phone: +91 231 6650 214
Email: ipo@rblbank.com
Website: http://www.rblbank.com
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: rbl.ipo@linkintime.co.in
Website: https://linkintime.co.in/initial_offer/public-issues.html
Lead Manager Reports
RBL Bank IPO is a main-board IPO of 53,909,628 equity shares of the face value of ₹10 aggregating up to ₹1,212.97 Crores. The issue is priced at ₹224 to ₹225 per share. The minimum order quantity is 65 Shares.
The IPO opens on August 19, 2016, and closes on August 23, 2016.
Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
The RBL Bank IPO opens on August 19, 2016 and closes on August 23, 2016.
RBL Bank IPO lot size is 65 Shares, and the minimum amount required is ₹14,625.
You can apply in RBL 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 RBL Bank IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the RBL Bank IPO allotment status.
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