RBL Bank IPOWith 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.
| 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 |
| Fresh issue size | INR832.5 crore |
| Augment the bank’s Tier-I capital base to meet future capital requirements | INR832.5 crore |
| 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 |
|
RBL Bank’s consolidated financial performance (in INR crore) |
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| 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 |
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 |
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
Articles about RBL Bank
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
What we are reading
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
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)
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
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)
Good information, price band will be near 224 and 225
Iske baad kaun sa ipo aa raha h?
agar meri rbl ipo me allotment aa jati h toh kya mein isko hold karke rakho ya sold out same day par kar do?
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
Finally something good for investment where allotment can be get. What is grey market saying?
RBL IPO actively traded in grey market. GMP around 50 and kostak (application) rate around 900.
Grey premium has moved up in RBL, now trading at 55 – 60. Announcement on HPL IPo to be made soon
Should I sell my application what are the chances of getting allotment
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.
sell to me if u get allotmnt aat 2000 profit before listing
call 8863805714
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.
Rightly said sir, good if we get allotment but no problem if not. Which new ipo are available next month?
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.
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
between 35 to 50 Rs.
is anybody ready to purchase my application of 195 rbl ipo share in grey market
call me 8863805714
Hello Mr. Vikas Call Me 9782842263
if ready than contact me on 8425071456
GMP is going down in RBL. Fully subscribed in retail and GMp at 35 now.
Below 35 now!! It is entering in the danger zone. If stock markets go down, this 30 something may also evaporate.
Till what time the RBL ipo application is open today?
Too late dear, some banks allow till 3 but I usually apply on first or second day.
RBL GMP has reduced lekin abhi bhi 40 ke upar hai. Kisi ko Rajkot ya Jaipur mein bechna ho to batana.
Can I sell my application after closing of subscription and before listing? I want to sell my three applications.
Yes, you can sell anytime before listing. Kostak for RBL Bank is around 750/-. Get in touch with your local broker.
where to sell rbl at Rs. 750/- or more before listing if i will get allotment?
plz call me 8863805714
i will buy ur shares
where r u from ?
i have 130 shares of rbl what rate u are offerring
U CAN CALL ME ANYTIME
8863805714
bhai shahab alotment kab aayegi
Tonight or early morning tomorrow buddy. Otherwise, 30 ko to ayega hi.
allocated 1 from 6 applied
how to check allotment status
to check ipo on go to online link intime and select ipo which ipo to buy
Where is this information from? I don’t see any update on linkintime site
Check your bank accounts. If the lien is removed, you are lucky winner 🙂
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 ??
amt deducted from bank ac
I want to Sell 65 share of RBL.
price ?
Hi Maulik Call Me 9782842263
356 price but sell 31st or 1 date
HI I HAVE 2 LOTS OF RBL SHARE ANY INTERESTED TO BUY
2/3
Call Me Imran 9782842263
Got 1/1
i want to sale 2 lots of RBL, What is the price offering
Hi Nirav You Want 2 Lots RBL Bank to Sell If Series Call Me 9782842263
i got 1 lot 65shares
No page on ICICI Prudential IPO? It is the next IPO for investment.
ICICI Pru still to get sebi clearance, L&T Technology and GNA Axles are next IPOs
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..
[…] RBL (formerly Ratnakar Bank) was a turnaround case as career banker Vishwavir Ahuja saw the potential in overhauling operations at the regional bank. With fresh funding from the likes of CDC Group, Asian Development Bank (ADB), International Finance Corporation (IFC) and Norwest Venture Partners (NVP), the bank embarked on a new journey and this institutional presence was a major factor behind the success of IPO. […]