Bandhan Bank IPO subscribed 14.62 times

The initial public offer of Bandhan Bank was subscribed 14.62 times on the last day of bidding today.

The IPO to raise Rs 4,473 crore received bids for 1,22,08,89,720 shares against the total issue size of 8,34,96,347 shares, according to the data available with the NSE till 1930 hrs.

Qualified institutional buyers (QIBs) category was subscribed 38.67 times, non institutional investors 13.89 times and retail investors 1.18 times, merchant banking sources said.

Helped by the robust subscription, the IPO has collected over Rs 45,000 crore (minus anchor portion).

The price band for the IPO was fixed at Rs 370-375.

The public offer is of up to 119,280,494 shares comprising of fresh issue of up to 97,663,910 shares and an offer for sale of up to 21,616,584 shares (including anchor portion of 35,784,147 shares).

Kolkata-based Bandhan Bank on Wednesday raised Rs 1,342 crore from anchor investors.

Kotak Mahindra Capital Company, Axis Capital, Goldman Sachs (India) Securities, JM Financial and JP Morgan India are managing the issue.

(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)