Bandhan Bank Limited is a commercial bank focused on serving under banked and underpenetrated markets in India. The Company has a banking license that permits it to provide banking services pan-India across customer segments.

It 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.

Issue Highlights

Issue opens

Thursday, March 15, 2018

Issue closes

Monday, March 19, 2018

Issue Size

Fresh Issue of 97633910 equity share + Offer for sale of 21616584 equity shares (Rs. 4413 Crs. – Rs. 4473 Crs.)

Price Band

Rs. 370/- to Rs. 375/- per share

Bid Lot

40 Equity Shares and in multiples thereafter

Face Value

Rs. 10/- per share




Karvy Computershare Private Limited


Compulsorily ASBA Mode

Issue Break up

Category Issue Size Allocation Issue Size (Rs. in Crs) Issue Size (Rs. in Crs)
  Lower Band Upper Band
QIB 50% 2207 2237
NIB 15% 662 671
Retail 35% 1545 1566
Total 100% 4413 4473


Object of the Issue

Offer for Sale
The Selling Shareholders will be entitled to the respective portion of the proceeds of the Offer for Sale net of their proportion of Issue related expenses. The Bank will not receive any proceeds from the Offer for Sale. Other than listing fees, payment of Issue expenses will be shared proportionately as mutually agreed amongst our Bank and the Selling Shareholders and in accordance with applicable law, upon the successful completion of the Issue and such payments shall be made as stipulated in the Cash Escrow Agreement. In the event the Issue is withdrawn or not completed for any reason whatsoever, all Issue related expenses shall be borne by the Bank.

The Fresh Issue
In terms of the RBI New Bank Licensing Guidelines, the Equity Shares of the Bank are required to get listed on the stock exchanges within three years from the date of commencement of business of the Bank, i.e., on or before August 22, 2018. In light of the above, since the Bank is required to get listed on the stock exchanges on or before August 22, 2018, the Bank

Retail payment chart - Bandhan Bank Limited

No. of Shares Cut off price per share = Rs.375 Per Share Total Amount (Rs.)
40 375 15000
80 375 30000
120 375 45000
160 375 60000
200 375 75000
240 375 90000
280 375 105000
320 375 120000
360 375 135000
400 375 150000
440 375 165000
480 375 180000
520 375 195000