Bandhan Bank Ltd (IPO) - Equity Chapters

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Wednesday, 14 March 2018

Bandhan Bank Ltd (IPO)




INFORMATION :

Date of Issue : 15th march 2018 to 19th march 2018
Issue Price : Rs 370 - Rs 375 per equity share
Number of Shares : 40 Shares
Allotment Date :  26th march,2018 or above
Initiation of Refunds : 23rd march,2018 or above
Credit of equity shares to demat account : 26th march,2018 or above
Commencement of trading (listing date) : 27th march,2018
Face Value : Rs 10 per equity share
Issue type : Book built issue IPO
Issue size  : 119,280,494 equity shares of Rs. 10 aggregating up to Rs. 4,473.02 Crore
Listing at : BSE & NSE

DETAILS OF COMPANY :

The Kolkata based bank had filed draft papers with SEBI on 1st January and obtained observation from the regulator on 28th february,2018. Finally Bandhan bank has received market regulator SEBI's go ahead to raise an estimated amount of over Rs. 2,500 Crore through and initial share sale. 

IMPORTANT :

Listing of the shares would give a huge premium to the retailers.