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Bandhan Bank Limited is incorporated in 2014, Bandhan Bank began its operations from August 23, 2015, when Bandhan Financial Services Limited transferred in micro finance business entirely to Bandhan Bank, they simultaniously started their general banking activities too.

Their strength lies in micro finance business including a network of 2,022 doorstep service centers (“DSCs”) and 6.77 million micro loan customers that BFSL transferred to them, which they have grown to 2,546 DSCs and 9.47 million micro loan customers as of September 30, 2017.

Bharat Dynamics Limited IPO - Issue Details:

Issuer Bandhan Bank Limited (View Report)
Issue Type 100% Book Built Issue IPO
Issue Period Issue Opens: Mar 15, 2018;
Issue Closes: Mar 19, 2018
Price Brand Rs.370 - Rs.375 per Equity Share
Issue Size(Rs.) Fresh Issue of 97,663,910 Equity Shares + Offer for Sale of 21,616,584 Equity Shares (Rs.4,413* Cr - 4,473^ Cr)
Face Value Rs.10 per Equity Share
Bit Lot 40 Shares and in multiples thereof
Maximum Bid amount for Retail Rs. 2 Lakhs
QIB 50% of the issue size (Rs.2,207* Cr - 2,236^ Cr)
NIB 15% of the issue size (Rs.662* Cr - 671^ Cr)
Retail Individual Bidders 35% of the issue size (Rs.1,545* Cr - 1,566^ Cr)
Mode of Payment ASBA Mandatory (No Cheque will be accepted)
Registrar Karvy Computershare Private Limited
Listing NSE & BSE
Book Running Lead Managers Axis Capital, Kotak, Goldman Sachs, JM Financials, JP Morgan

* Lower price band; ^ Upper price band

Key Strategies:

  • Ability to identify, adapt to and capitalise on market developments, conditions, trends and opportunities
  • Maintain focus on micro lending while expanding further into other retail and SME lending
  • Continue to strengthen our liability franchise
  • Boost share of non-interest income
  • Enhance our digital platform to improve customer acquisition and retention and reduce costs
  • Enhance retail banking systems and procedures to improve efficiency


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