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02-Jan2018

Bandhan Bank files DRHP with SEBI for IPO

Kolkata-based private sector lender Bandhan Bank has filed a Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) for its proposed Initial Public Offer (IPO) to raise an estimated amount of over Rs 2,500 crore. The equity shares are proposed to be listed on BSE and NSE.

The IPO consists of a fresh issue of up to 9,76,63,910 equity shares and an offer for sale of up to 1,40,50,780 scrips by International Finance Corporation (IFC) and up to 75,65,804 shares by IFC FIG Investment Company.

Kotak Mahindra Capital Company, Axis Capital, Goldman Sachs (India) Securities, JM Financial Institutional Securities and J P Morgan India are the book running lead managers to the issue.

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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