Bandhan Bank Limited - IPO

Bandhan Bank Limited

Introduction:

Incorporated in 2014, Bandhan Bank Limited is Kolkata, West Bengal based commercial bank focused on micro banking and general banking services. Bandhan Bank has a license to provide banking services pan-India across customer segments. Bank offer 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.

With the a network of 2,546 doorstep service centres (DSCs) and 9.47 million micro loan customers, the bank has strong very hold in microfinance. Bandhan bank has 864 bank branches and 386 ATMs serving over 1.87 million general banking customers. Banks distribution network is strong in East and Northeast India, with West Bengal, Assam and Bihar.

Company Promoters:

The Promoters of the Bank are BFHL, BFSL, FIT and NEFIT.

1. Bandhan Financial Services Private Limited (BFSL) is a non-banking financial institution for purposes
of carrying out non-banking financial activities without accepting public deposits.

2. BFSL was accorded in-principle approval by the RBI on April 9, 2014 for setting up a bank in the private sector. The promoter of BFHL is BFSL.

3. FIT is an irrevocable charitable trust with objectives including inter alia eliminating functional illiteracy in India by making education economically relevant.

4. NEFIT is an an irrevocable charitable trust with objectives including inter alia eliminating illiteracy in India by making education available to the underprivileged.

Issue Details :

• Issuer: Bandhan Bank Limited 

• Issue Type: 100% Book Built Issue IPO 

• Issue Open: Thursday, Mar 15, 2018   

• Issue Close : Monday, Mar 19, 2018

• Face Value : Rs 10 Per Equity Share 

• Issue price : Rs 370 - Rs 375 Per Equity Share

• Minimum Order Quantity : 40 Shares 

• Symbol : BANDHANBNK

• Listing At : BSE, NSE 

• Maximum amount for Retail : Rs. 2 Lakhs 

• For Prospectus : Click Here

Standalone Financial Statements as Restated :

Particulars		Years
		31-3-17	31-3-16	31-3-15
Total Assets		302360.90	197565	5268.88
Total Revenue		43201.23	17312.54	79.53
Profit After Tax		11119.52	2752.47	5.76
EPS		10.15	3.40	0.01
Diluted EPS		10.15	3.40	0.01