Bandhan Bank IPO

Bandhan Bank IPOBusiness description - Bandhan Bank is a commercial bank focused on serving underbanked and underpenetrated markets in India. The company has a banking license that permits it to provide banking services pan-India across customer segments. The company currently offers 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.

The company’s network consists of 2,022 doorstep service centres (DSCs) and 6.77 million micro loan customers that its parent company Bandhan Financial Services Limited (BFSL) transferred to it in August 2015. The network has grown to 2,546 DSCs and over 9.47 million micro loan customers as of 30 September 2017. To complement the micro loan business, the company launched its general banking business in August 2015 by opening a greenfield network of 501 bank branches and 50 automated teller machines (ATMs). This retail banking network has grown to 864 bank branches and 386 ATMs as of 30 September 2017, serving over 1.87 million customers. Bandhan Bank’s network is particularly strong in East and Northeast India, with West Bengal, Assam and Bihar together accounting for 57.75% and 58.13% of branches and DSCs, respectively.

Promoters of Bandhan Bank - Bandhan Financial Holdings Limited, Bandhan Financial Services Limited, Financial Inclusion Trust And North East Financial Inclusion Trust
Bandhan Bank IPO details
Subscription Dates 15 - 19 March 2018
Price Band INR370 - 375 per share
Fresh issue 97,663,910 shares (INR3,613.56 - 3,662.40 crore)
Offer For Sale 21,616,584 shares (INR799.81 - 810.62 crore)
Total IPO size 119,280,494 shares (INR4,413.38 - 4,473.02 crore)
Minimum bid (lot size) 40 shares
Face Value  INR10 per share
Retail Allocation 35%
Listing On NSE, BSE
Use of funds
  • Augment Bank’s Tier-I capital base
Bandhan Bank's financial performance (in INR crore)
FY2015 FY2016 FY2017 H1 FY2018
Total revenues 7.9 1,731.3 4,320.1 2,618.1
Total expenses 5.6 1,317.7 2,615.7 1,608.8
Profit after tax 0.6 275.2 1,112.0 657.7
Net margin (%) 7.6 15.9 25.7 25.1

Bandhan Bank Contact Details

Bandhan Bank Limited 
DN 32, Sector V
Salt Lake
Kolkata 700 091

Phone: +91 033 6609 0909
Fax: 
+91 033 6609 0502
Email:
investors@bandhanbank.com
Website: www.bandhanbank.com

Registrar of Bandhan Bank IPO

Karvy Computershare Private Limited
Karvy Selenium Tower B, Plot 31-32,
Gachibowli, Nanakramguda,
Hyderabad – 500 032, Telangana

Phone: +91 40 6716 2222 
Fax:
 +91 40 2343 1551 
Email:
 bandhanbank.ipo@karvy.com
Website: www.karvycomputershare.com

Valuation of Bandhan Bank (Based on latest FY)

Earnings Per Share (EPS): INR10.15

Price/Earnings (P/E) ratio: 36.45 - 36.94

Return on Net Worth (RONW): 25.01%

Net Asset Value (NAV): INR40.60 per share

Bandhan Bank IPO Subscription Details

Category Shares offered Subscription (no. of times)
Day 1 Day 2 Day 3
QIB 23,856,099 1.25 2.33 38.67
NII 17,892,075 0.00 0.24 13.89
Retail 41,748,173 0.11 0.33 1.12
Total 83,496,347  0.42  0.88 14.58

Bandhan Bank IPO Allotment Status

Bandhan Bank IPO allotment status is now available on Karvy Computershare’s website. Click on this link to get allotment status.

Listing Performance of Bandhan Bank

IPO Opening Date: 15 March 2018

IPO Closing Date: 19 March 2018

Finalisation of Basis of Allotment: 22 March 2018

Initiation of refunds: 23 March 2018

Transfer of shares to demat accounts: 26 March 2018

Listing Date: 27 March 2018

Listing Price on NSE: INR499 per share (up 33.06% from IPO price)

Closing Price on NSE: INR476.85 per share (up 27.16% from IPO price)

Bandhan Bank IPO
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17 thoughts on “Bandhan Bank IPO

  • March 23, 2018 at 4:28 PM
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    its give min 5% profit… i am sure

    Reply
    • March 27, 2018 at 11:14 AM
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      i told it will give profit, i got 32% profit

      Reply
  • March 23, 2018 at 12:24 PM
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    Congratulations! You have been alloted 40 shares against your application

    Reply
  • March 15, 2018 at 3:36 PM
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    Banking sector is going through a tough time better avoid it

    Reply
    • March 22, 2018 at 6:33 PM
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      That’s why best time to buy

      Reply
  • March 15, 2018 at 3:35 PM
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    Banking sector is going through tough time avoid it

    Reply
  • March 13, 2018 at 7:14 PM
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    Valuation too much high…… bank share good but this time too much high. So friend avoid this ipo.

    Reply
    • March 22, 2018 at 6:34 PM
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      Thanks for your opinion but will buy

      Reply
  • March 11, 2018 at 10:46 PM
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    new website of IpoCentral seems to have become poor. No review, no GMP

    Reply
  • March 11, 2018 at 11:33 AM
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    Banking sector going through a very tough or down side. avoid it.

    Reply
  • March 5, 2018 at 10:32 PM
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    PE ratio is around 30 is attractive than au bank

    Reply
  • March 5, 2018 at 8:52 AM
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    Price band is 332- 333 and IPO opens 16 March.
    Actively traded in grey market and Kostak is between 600 – 700

    Reply
    • March 5, 2018 at 10:27 PM
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      Price band 330-333 minimum lot 45 like a au bank ipo last year profit is better than au bank. But see to how QIB and NII subscription

      Reply
  • March 5, 2018 at 8:08 AM
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    Great quality company, must apply

    Reply
  • March 3, 2018 at 11:14 PM
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    Most of psu backs making loss continuesly while it profit. Apply for listing gain

    Reply

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