LIVE TV
ZEE Business
ZEE BUSINESS
हिंदी में पढ़ें  हिंदी में पढ़ें
Live TV
Live TV
  • Home
  • Budget 2021
  • Personal Finance
    • PPF
    • Mutual Funds
    • Income tax
    • EPFO
    • Income Tax Calculator
    • Personal Loan Calculator
    • Car Loan Calculator
    • Home Loan Calculator
    • SIP calculator
    • SWP Calculator
    • MF Returns Calculator
    • Lumpsum Calculator
  • India
    • Companies
    • Property
    • Startups
    • Uidai
  • Economy
    • Aviation
  • Tech
    • Mobiles
    • Apps
  • Auto
    • Cars
    • Bikes
  • Markets
    • Commodities
    • Currency
  • Jobs
  • Indian Railways
  • World
    • Economy
    • Politics
    • Markets
  • videos
  • photos
  • Authors
  • More ...
    • VIDEOS
    • PHOTOS
Read in App
Business News » India News

Bandhan Bank shares make smart debut, gain 33% against issue price

  • Twitter
  • Facebook
  • Linkedin
  • whatapp
  • View in App
Bandhan Bank shares make smart debut, gain 33% against issue price
Bandhan Bank IPO, which was India's biggest ever initial public offering (IPO) by a bank, was oversubscribed by 14.6 times. Image source: Reuters
Written By: ZeeBiz WebTeam
Updated: Tue, Mar 27, 2018
10:06 am
ZeeBiz WebDesk
RELATED NEWS
Kotak shares valuable information for investors | Yes Bank, Bandhan Bank, Tata Power, FPIs, MFs Kotak shares valuable information for investors | Yes Bank, Bandhan Bank, Tata Power, FPIs, MFs
Bandhan Bank Share Price: On strong results, stock market experts put buy call; check why Bandhan Bank Share Price: On strong results, stock market experts put buy call; check why
Stocks in Focus on October 8: TCS, Vedanta, Wipro, Bandhan Bank to RBL Bank; here are the 5 Newsmakers of the Day Stocks in Focus on October 8: TCS, Vedanta, Wipro, Bandhan Bank to RBL Bank; here are the 5 Newsmakers of the Day
Stock Market Closing Bell Today: Sensex soars 600 points, Nifty ends at highest closing in seven months; Bandhan Bank, Sobha shares rise Stock Market Closing Bell Today: Sensex soars 600 points, Nifty ends at highest closing in seven months; Bandhan Bank, Sobha shares rise
Stock Market: Bandhan Bank share price today jumps 4.5 pct; experts say buy - check money-making strategy Stock Market: Bandhan Bank share price today jumps 4.5 pct; experts say buy - check money-making strategy

Bandhan Bank shares made a strong debut on the bourses with the stock opening at Rs 485, a premium of 28.33 per cent against its issue price of Rs 375 on the BSE. On NSE, the stock listed at Rs 499, a premium of 33 per cent.

The stock incurred further gains, touching at intraday high of 494.80 on the BSE.  

Bandhan Bank IPO, which was India's biggest ever initial public offering (IPO) by a bank, was oversubscribed by 14.6 times.

Bulk of the demand in the IPO came from institutional investors. The qualified institutional buyer (QIB) portion of the issue was subscribed 39 times. The non-institutional investor portion, commonly referred to as high-networth individual (HNI) quota, was subscribed 14 times, with most of the bids in the segment coming from 'corporates'. The retail portion, however, failed to garner much demand with the portion seeing just 1.2 times subscription.   

The bank proposed to raise Rs 4500 crore from the IPO, primarily to raise capital base and allow part exit of one of its existing shareholders IFC. 

After migrating from only micro-financing activity, the bank now adopted a unique model of entering normal banking services after getting the in-principle license from the RBI. 

This retail banking network has grown to 864 bank branches and 386 ATMs as of 30 September 2017. 

The bank's network is particularly strong in east and northeast India, with West Bengal, Assam and Bihar together accounting for 57.75 per and 58.13 per cent of branches and door step services (DSC) respectively. 

Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.

TAGS:
Bandhan Bank
RELATED NEWS
Kotak shares valuable information for investors | Yes Bank, Bandhan Bank, Tata Power, FPIs, MFs Kotak shares valuable information for investors | Yes Bank, Bandhan Bank, Tata Power, FPIs, MFs
Bandhan Bank Share Price: On strong results, stock market experts put buy call; check why Bandhan Bank Share Price: On strong results, stock market experts put buy call; check why
Stocks in Focus on October 8: TCS, Vedanta, Wipro, Bandhan Bank to RBL Bank; here are the 5 Newsmakers of the Day Stocks in Focus on October 8: TCS, Vedanta, Wipro, Bandhan Bank to RBL Bank; here are the 5 Newsmakers of the Day
Stock Market Closing Bell Today: Sensex soars 600 points, Nifty ends at highest closing in seven months; Bandhan Bank, Sobha shares rise Stock Market Closing Bell Today: Sensex soars 600 points, Nifty ends at highest closing in seven months; Bandhan Bank, Sobha shares rise
Stock Market: Bandhan Bank share price today jumps 4.5 pct; experts say buy - check money-making strategy Stock Market: Bandhan Bank share price today jumps 4.5 pct; experts say buy - check money-making strategy

LATEST NEWS

PUBG Mobile 1.3 beta update: APK download link for global version - Check all details here!

Yes Bank Share price: This is what Choice Broking highlights

Car sector seeks more UK government support as output tumbles

In Chat with Anil Singhvi, Affle India MD says company has improved margin on quarter-on quarter basis, justifies dilution of stake in company

SBI SME Gold Loan: Get this SBI business loan up to RS 50 lakh at 'attractive' rate without any financial document

Stocks to Buy With Anil Singhvi: Lumax Auto Technologies is a top pick for Sandeep Jain today | Money Making Tip

World's BIGGEST Music Reality Show! Zee brings Indian Pro Music League today with Salman Khan as brand ambassador

Ind vs Eng: Special feeling to play in front of my home crowd, says Axar

SSC Delhi Police SI Paper 1 2021 result to be announced today on ssc.nic.in —Here is how you can check it

Indian Pro Music League Grand Opening: Salman Khan's 'mega selfie' on world's biggest music league with Riteish Deshmukh, Genelia D'Souza, Shraddha Kapoor, others now viral on social media

  • India News
  • World News
  • Companies News
  • Market News
  • Personal Finance News
  • Technology News
  • Automobile News
  • Small Business News
  • Income Tax Calculator
  • Live TV
  • Videos
  • Photos
  • Author
  • Rss Feed
  • Advertise with us
  • Privacy Policy
  • Legal Disclaimer

Latest Trending Updates

  • EPFO
  • Budget 2020
  • Income Tax Return
  • Auto Expo 2020
  • Home Loan
  • Business News

Trending Topics

  • Income Tax
  • income Tax Calculator
  • 7th Pay Commission
  • Reserve Bank of India
  • GST
  • Latest Business News

Follow us on

zeebiz
zeebiz

Partner Sites

  • Zee News
  • Hindi News
  • Marathi News
  • Bengali News
  • Tamil News
  • Malayalam News
  • Gujarati News
  • Telugu News
  • Kannada News
  • DNA
  • WION
Copyright © Zee Media Corporation Ltd. All rights reserved