Business 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 IPO News
- Bandhan Bank IPO recommendations: Expensive but subscribe
- Bandhan Bank files IPO prospectus
- Bandhan Bank to launch IPO in three years
Bandhan Bank Contact Details
Bandhan Bank LimitedÂ
DN 32, Sector V
Salt Lake
Kolkata 700 091
Phone:Â +91 033 6609 0909
Fax:Â +91 033 6609 0502
Email: [email protected]
Website:Â 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:Â +91 40 6716 2222Â
Fax:Â +91 40 2343 1551Â
Email:Â [email protected]
Website:Â 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 | 83,496,347Â | 0.42Â | 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)
Most of psu backs making loss continuesly while it profit. Apply for listing gain
true
Great quality company, must apply
Price band is 332- 333 and IPO opens 16 March.
Actively traded in grey market and Kostak is between 600 – 700
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
PE ratio is around 30 is attractive than au bank
Banking sector going through a very tough or down side. avoid it.
new website of IpoCentral seems to have become poor. No review, no GMP
Valuation too much high…… bank share good but this time too much high. So friend avoid this ipo.
Thanks for your opinion but will buy
Banking sector is going through tough time avoid it
Banking sector is going through a tough time better avoid it
That’s why best time to buy
Congratulations! You have been alloted 40 shares against your application
ALLOTMENT DONE
its give min 5% profit… i am sure
i told it will give profit, i got 32% profit