Wednesday, March 07, 2018

Bandhan Bank gets SEBI's Go Ahead for 2500 Crore IPO

Bandhan Bank files DRHP in January to SEBI and they were waiting for the go ahead. Kolkata based public sector bank secured their way to the initial public offer from SEBI. It will be one of the biggest ipo of banking sector about Rs.2500 crore. In April 2014 Bandhan Bank got the banking license from Reserve Bank of India.

As per DRHP the ipo comprises fresh issue of 97,663,910 equity shares and offer for sale of 14,050,780 shares by International Finance Corporation (IFC) and 7,565,804 shares by IFC FIG Investment Company.

The shares will be listed on NSE and BSE. The issue will be the biggest and a good one for the investors. The ipo lead managers will be Kotak Mahindra Capital Company Ltd, Axis Capital Ltd, Goldman Sachs (India) Securities Pvt Ltd, JM Financial Institutional Securities and JP Morgan India Private Ltd.