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27-Mar2018

Bandhan Bank makes stellar debut on the BSE

Bandhan Bank has debuted at Rs 485.00 on the BSE, up by 110 points or 29.33% from its issue price of Rs 375.

The scrip is currently trading at Rs 468.90, up by 93.90 points or 25.04% from its issue price. It has touched a high and low of Rs 494.80 and Rs 455.00 respectively. So far 77,36,000 shares were traded on the counter.

The offering was subscribed 14.6 times. The issue price was fixed at Rs 375 per share i.e. at upper end of price band of Rs 370 - 375 apiece.

Bandhan Bank is an Indian banking and financial services company headquartered in Kolkata, West Bengal. Bandhan, which started as a micro-finance company in 2001, received banking licence by Reserve Bank of India in 2014.


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