RBL Bank IPO

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 Dates19-23 August 2016
Price BandINR224-225 per share
Fresh Issue SizeINR832.5 crore
Offer For Sale16,909,628 shares (INR380.5 crore at upper price)
Total IPO sizeINR1,213 crore (at upper price)
Minimum bid (lot size)65 shares
Face Value INR10 per share
Retail Allocation35%
Listing OnBSE, NSE
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Fresh issue sizeINR832.5 crore
Augment the bank’s Tier-I capital base to meet future capital requirements INR832.5 crore
 
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Name of shareholderEquity SharesPercentage (%)
CDC Group PLC15,823,8574.75
Asian Development Bank14,350,0004.31
International Finance Corporation12,717,2503.82
Norwest Venture Partners X FII-Mauritius12,515,1623.76
Faering Capital India Evolving Fund11,975,9803.60
Galileo Investments Limited11,940,0003.59
Cartica Capital 2 Ltd11,310,0003.40
GPE10,418,0323.13
Unit Trust of India Investment Advisory Services Limited A/C Ascent India Fund III10,403,1003.13
Asia Capital Financial Opportunities Pvt Ltd10,109,4753.04
Total121,562,85636.53
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RBL Bank’s consolidated financial performance (in INR crore)

 FY2012FY2013FY2014FY2015FY2016
Total revenue532.21,005.71,612.52,356.43,234.8
Total expenses418.2846.11,433.81,996.32,692.4
Profit after tax65.192.892.6207.1292.4
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RBL Bank IPO Subscription Details

CategoryShares offeredSubscription (no. of times, at 7:30 PM)
Day 1Day 2Day 3
QIB 10,864,5150.664.2785.08
NII 8,111,2210.191.07198.05
Retail 18,926,1830.863.25 5.65
Total 37,901,9190.663.0869.59
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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/ 
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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: ipo@rblbank.com
Website: www.rblbank.com

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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: rbl.ipo@linkintime.co.in
Website: http://www.linkintime.co.in

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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)

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52 COMMENTS

  1. 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..

  2. 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

  3. 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.

  4. 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.

      • 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.

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