RBL Bank IPO

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RBL Bank LogoRBL Bank IPO

RBL Bank (formerly Ratnakar Bank) is one of India’s fastest growing private sector banks. The bank offer a comprehensive range of banking products and services customized to cater to the needs of large corporations, small and medium enterprises (SMEs), agricultural customers, retail customers and development banking & financial inclusion (low income) customers. As of March 31, 2016, RBL Bank had 197 interconnected branches and 362 interconnected ATMs spread across 16 Indian states and union territories serving approximately 1.90 million customers.
With operations started in 1943 as Ratnakar Bank, the company has a long history in India. While it started as a small, regional bank in Maharashtra with just two branches in Kolhapur and Sangli, it has now transformed into a national player. Much of this transformation took place since 2010 and under this growth strategy, RBL Bank acquired certain Indian businesses of the Royal Bank of Scotland (RBS) in FY2014. The acquisition included RBS’s business banking, credit card and mortgage portfolio businesses. In the last six years, RBL Bank has raised four rounds of funding and roped in several prominent investors such as CDC Group, Asian Development Bank (ADB), International Finance Corporation (IFC), Norwest Venture Partners (NVP), and domestic private equity fund Faering Capital India.

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Subscription Dates 19-23 August 2016
Price Band INR224-225 per share
Fresh Issue Size INR832.5 crore
Offer For Sale 16,909,628 shares (INR380.5 crore at upper price)
Total IPO size INR1,213 crore (at upper price)
Minimum bid (lot size) 65 shares
Face Value  INR10 per share
Retail Allocation 35%
Listing On BSE, NSE

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Fresh issue size INR832.5 crore
Augment the bank’s Tier-I capital base to meet future capital requirements INR832.5 crore
 

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Name of shareholder Equity Shares Percentage (%)
CDC Group PLC 15,823,857 4.75
Asian Development Bank 14,350,000 4.31
International Finance Corporation 12,717,250 3.82
Norwest Venture Partners X FII-Mauritius 12,515,162 3.76
Faering Capital India Evolving Fund 11,975,980 3.60
Galileo Investments Limited 11,940,000 3.59
Cartica Capital 2 Ltd 11,310,000 3.40
GPE 10,418,032 3.13
Unit Trust of India Investment Advisory Services Limited A/C Ascent India Fund III 10,403,100 3.13
Asia Capital Financial Opportunities Pvt Ltd 10,109,475 3.04
Total 121,562,856 36.53

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RBL Bank’s consolidated financial performance (in INR crore)

  FY2012 FY2013 FY2014 FY2015 FY2016
Total revenue 532.2 1,005.7 1,612.5 2,356.4 3,234.8
Total expenses 418.2 846.1 1,433.8 1,996.3 2,692.4
Profit after tax 65.1 92.8 92.6 207.1 292.4

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RBL Bank IPO Subscription Details

Category Shares offered Subscription (no. of times, at 7:30 PM)
Day 1 Day 2 Day 3
QIB  10,864,515 0.66 4.27 85.08
NII  8,111,221 0.19 1.07 198.05
Retail  18,926,183 0.86 3.25  5.65
Total  37,901,919 0.66 3.08 69.59

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RBL Bank IPO Allotment Status

RBL Bank IPO allotment status is now available on Link Intime’s website. Click on this link to get allotment status.

You can also check your IPO allotment status from your mobile at
http://eipo.linkintime.co.in/ipo/ 
http://linkintime.co.in/ipo[/vc_column_text][vc_row_inner][vc_column_inner width=”1/2″][td_block_9 custom_title=”Articles about RBL Bank” header_color=”#96d668″ tag_slug=”RBL Bank”][vc_separator][td_block_text_with_title custom_title=”RBL Bank Contact Details”]RBL Bank Ltd
One Indiabulls Centre, Tower 2B,
6th Floor, 841, Senapati Bapat Marg, Lower Parel (W)
Mumbai 400 013

Phone: +91 22 4302 0600
Fax: +91 22 4302 0520
Email: [email protected]
Website: www.rblbank.com

[/td_block_text_with_title][/vc_column_inner][vc_column_inner width=”1/2″][td_block_text_with_title custom_title=”What we are reading”]Business Standard: RBL Bank IPO okayed with buyback rider

Alpha Ideas: RBL Bank Employees hit the Jackpot

Business Today: In the fast lane

CDC Group: CDC announces US$28m investment into Ratnakar Bank in India

[/td_block_text_with_title][td_block_ad_box spot_id=”custom_ad_1″][vc_separator][td_block_text_with_title custom_title=”Registrar of RBL Bank IPO “]Link Intime India Private Limited
C-13 Pannalal Silk Mills Compound,
LBS Marg, Bhandup West, Mumbai – 400 078
Maharashtra, India

Phone: +91 22 2596 3838
Fax: +91 22 2594 6969
Email: [email protected]
Website: http://www.linkintime.co.in[/td_block_text_with_title][/vc_column_inner][/vc_row_inner][td_block_ad_box spot_id=”custom_ad_5″][vc_separator color=”vista_blue”][td_block_text_with_title custom_title=”Listing Performance of RBL Bank IPO”]IPO Opening Date: 19 August 2016

IPO Closing Date: 23 August 2016

Finalisation of Basis of Allotment: 26 August 2016

Initiation of refunds: 29 August 2016

Transfer of shares to demat accounts: 30 August 2016

Listing Date: 31 August 2016

Listing Price on NSE: INR274.2 per share (Return of 21.9% over allotment price)

Closing Price on NSE: INR299.95 per share (Return of 33.3% over allotment price)[/td_block_text_with_title][/vc_column][vc_column width=”1/3″][vc_widget_sidebar sidebar_id=”td-default”][/vc_column][/vc_row]

RBL Bank IPO
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52 thoughts on “RBL Bank IPO

  • September 2, 2016 at 4:55 PM
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    What is the future of RBL IPO…Should I hold it for a time period or sale…what would be the maximum price of RBL IPO…? Pls suggest..

    Reply
  • September 1, 2016 at 9:56 PM
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    No page on ICICI Prudential IPO? It is the next IPO for investment.

    Reply
    • September 2, 2016 at 3:37 PM
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      ICICI Pru still to get sebi clearance, L&T Technology and GNA Axles are next IPOs

      Reply
  • August 29, 2016 at 7:08 PM
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    i want to sale 2 lots of RBL, What is the price offering

    Reply
    • August 29, 2016 at 8:36 PM
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      Hi Nirav You Want 2 Lots RBL Bank to Sell If Series Call Me 9782842263

      Reply
  • August 29, 2016 at 3:48 PM
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    HI I HAVE 2 LOTS OF RBL SHARE ANY INTERESTED TO BUY

    Reply
  • August 29, 2016 at 2:29 PM
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    I want to Sell 65 share of RBL.
    price ?

    Reply
    • August 29, 2016 at 8:37 PM
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      Hi Maulik Call Me 9782842263

      Reply
    • August 30, 2016 at 10:57 AM
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      356 price but sell 31st or 1 date

      Reply
  • August 29, 2016 at 1:57 PM
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    allocated 1 from 6 applied

    Reply
    • August 29, 2016 at 2:29 PM
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      how to check allotment status

      Reply
      • August 30, 2016 at 10:59 AM
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        to check ipo on go to online link intime and select ipo which ipo to buy

        Reply
    • August 29, 2016 at 2:49 PM
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      Where is this information from? I don’t see any update on linkintime site

      Reply
      • August 29, 2016 at 3:44 PM
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        Check your bank accounts. If the lien is removed, you are lucky winner 🙂

        Reply
        • August 30, 2016 at 2:27 PM
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          Thanks, I am also new to this, if the allotment is done and we don’t want to sell still we have to do hold daily ??

          Reply
      • August 29, 2016 at 11:16 PM
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        amt deducted from bank ac

        Reply
  • August 26, 2016 at 4:15 PM
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    bhai shahab alotment kab aayegi

    Reply
    • August 26, 2016 at 6:58 PM
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      Tonight or early morning tomorrow buddy. Otherwise, 30 ko to ayega hi.

      Reply
  • August 25, 2016 at 6:54 AM
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    Can I sell my application after closing of subscription and before listing? I want to sell my three applications.

    Reply
    • August 25, 2016 at 11:58 AM
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      Yes, you can sell anytime before listing. Kostak for RBL Bank is around 750/-. Get in touch with your local broker.

      Reply
      • August 26, 2016 at 7:30 PM
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        where to sell rbl at Rs. 750/- or more before listing if i will get allotment?

        Reply
        • August 29, 2016 at 11:37 AM
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          plz call me 8863805714
          i will buy ur shares
          where r u from ?

          Reply
          • August 29, 2016 at 3:55 PM
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            i have 130 shares of rbl what rate u are offerring

    • August 29, 2016 at 11:36 AM
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      U CAN CALL ME ANYTIME
      8863805714

      Reply
  • August 23, 2016 at 5:46 PM
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    RBL GMP has reduced lekin abhi bhi 40 ke upar hai. Kisi ko Rajkot ya Jaipur mein bechna ho to batana.

    Reply
  • August 23, 2016 at 3:02 PM
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    Till what time the RBL ipo application is open today?

    Reply
    • August 23, 2016 at 5:29 PM
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      Too late dear, some banks allow till 3 but I usually apply on first or second day.

      Reply
  • August 23, 2016 at 2:42 PM
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    Below 35 now!! It is entering in the danger zone. If stock markets go down, this 30 something may also evaporate.

    Reply
  • August 22, 2016 at 1:36 PM
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    GMP is going down in RBL. Fully subscribed in retail and GMp at 35 now.

    Reply
  • August 21, 2016 at 2:51 PM
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    if ready than contact me on 8425071456

    Reply
  • August 21, 2016 at 2:49 PM
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    is anybody ready to purchase my application of 195 rbl ipo share in grey market

    Reply
    • August 29, 2016 at 8:33 PM
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      Hello Mr. Vikas Call Me 9782842263

      Reply
  • August 19, 2016 at 11:18 PM
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    Plz can any one tell the listing price of RBL, I am small investor, to make some money n not to risk my capital n I want to sell at listing day if shares allotted. Thanks

    Reply
    • August 20, 2016 at 3:04 PM
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      between 35 to 50 Rs.

      Reply
  • August 19, 2016 at 9:22 AM
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    Anchor investor list is good which means demand from institutional investors is strong for this ipo. sell on listing day if one gets allotment, there will be selling pressure, 35% for retail.

    Reply
  • August 17, 2016 at 4:43 PM
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    This is good Ipo but gmp suggest that upside in the case of allotment is limited to some 3k. Not much scope of improvement after listing. This is not equitas or ujjivan, better to sell the application in grey market.

    Reply
    • August 18, 2016 at 4:36 PM
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      Rightly said sir, good if we get allotment but no problem if not. Which new ipo are available next month?

      Reply
  • August 16, 2016 at 1:52 PM
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    Grey premium has moved up in RBL, now trading at 55 – 60. Announcement on HPL IPo to be made soon

    Reply
    • August 16, 2016 at 8:44 PM
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      Should I sell my application what are the chances of getting allotment

      Reply
      • August 19, 2016 at 10:02 AM
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        Sell if you prefer sureshot 800 bucks over ‘subject to allotment’ profit of 3.5k. Chances of allotment aren’t very high, we will get only one lot if we are lucky. Retail portion may get subscribed on the second day if not today.

        Reply
      • August 26, 2016 at 9:46 AM
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        sell to me if u get allotmnt aat 2000 profit before listing
        call 8863805714

        Reply
  • August 14, 2016 at 4:19 PM
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    RBL IPO actively traded in grey market. GMP around 50 and kostak (application) rate around 900.

    Reply
  • August 11, 2016 at 6:54 AM
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    Finally something good for investment where allotment can be get. What is grey market saying?

    Reply
  • August 10, 2016 at 6:22 AM
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    Good information, price band will be near 224 and 225

    Reply
    • August 26, 2016 at 7:25 PM
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      Iske baad kaun sa ipo aa raha h?

      Reply
      • August 26, 2016 at 7:26 PM
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        agar meri rbl ipo me allotment aa jati h toh kya mein isko hold karke rakho ya sold out same day par kar do?

        Reply
        • August 30, 2016 at 11:01 AM
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          bhai ji agar aache price par open hota h toh sold out kar dena nahi toh hold hi karna HOGA BUT AACHE PAR HI OPEN HOGA

          Reply

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