Bandhan Bank IPO
Bandhan Bank Limited (BANDHANBNK) · mainboard IPO on NSE and BSE · 100% Book Building. Listed on 27 March 2018.
Listed 27 Mar
Subscribed 14.6x
Listing gain +33.1%
Issue details
Price band
₹370–375
Issue price
₹375
Lot size
40 shares
Min. retail bid
₹15,000
Max. retail bid
13 lots (₹1,95,000)
Issue size
₹4,473 Cr
Face value
₹10
Bidding
15 Mar – 19 Mar 2018
Listing
27 Mar 2018
Retail quota
35%
Registrar
Karvy Computershare Private Limited
Listing day
Listed at
₹499
+33.1% vs issue price ₹375
Day's high
₹499
+33.1% · low ₹455 (+21.3%)
Day's close
₹477
+27.2% · traded ₹4,389 Cr
Subscription status
| Category | Shares offered | Shares bid for | Subscribed | |
|---|---|---|---|---|
| QIB (institutions) | 2,38,56,099 | 92,26,27,480 | 38.7x | |
| NII (HNI) total | 1,78,92,075 | 24,85,99,360 | 13.9x | |
| Retail | 4,17,48,173 | 5,02,95,760 | 1.20x | |
| Total | 8,34,96,347 | 1,22,15,22,600 | 14.6x |
Bids on NSE and BSE together, as published by NSE. Shares offered exclude the anchor portion. 4% of all shares bid for were at the cut-off price.
Past IPOs with similar demand
Earlier mainboard IPOs whose QIB, NII and retail subscription and size were closest to Bandhan Bank's, and how they listed.
| IPO | QIB | NII | Retail | Total | Size | Listing gain | Day high |
|---|---|---|---|---|---|---|---|
| Larsen & Toubro InfotechJul 2016 | 19.9x | 10.8x | 7.39x | 11.7x | ₹1,242 Cr | -6.1% | 0.0% |
| Future Supply Chain SolutionsDec 2017 | 12.4x | 11.2x | 3.28x | 7.56x | ₹650 Cr | 0.0% | +5.3% |
| HDFC Standard Life Insurance CompanyNov 2017 | 16.6x | 2.29x | 0.94x | 4.90x | ₹8,695 Cr | +6.9% | +27.2% |
| Newgen Software TechnologiesJan 2018 | 15.6x | 5.52x | 5.18x | 8.25x | ₹428 Cr | +3.7% | +8.9% |
| Laurus LabsDec 2016 | 10.5x | 3.58x | 1.67x | 4.57x | ₹1,334 Cr | +14.5% | +16.4% |
| Sheela FoamDec 2016 | 14.5x | 3.35x | 0.44x | 5.09x | ₹548 Cr | +17.8% | +41.4% |
Lead managers and their listing record
| Book running lead manager | Mainboard IPOs since 2019 | Avg listing gain | Listed at a premium |
|---|---|---|---|
| Kotak Mahindra Capital Company | 83 | +20.8% | 76% |
| Axis Capital | 107 | +20.4% | 73% |
| Goldman Sachs (India) Securities | 16 | +18.4% | 69% |
| JM Financial | 109 | +22.8% | 75% |
| and J.P. Morgan India | — | — | — |
Offer documents (NSE)
Frequently asked
What is the Bandhan Bank IPO price band and lot size? ₹370–375 per share, with a lot of 40 shares, so the smallest retail bid is ₹15,000.
How many times has it been subscribed? 14.6x overall: QIB 38.7x, NII 13.9x, retail 1.20x.
How did it list? It opened at ₹499, +33.1% against the issue price of ₹375, and closed its first day +27.2%.
Other IPOs of 2018
Dinesh EngineersGarden Reach Shipbuilders & EngineersAavas FinanciersIrcon InternationalHDFC Asset Management CompanyTCNS Clothing Co.Varroc EngineeringRITES
All 2018 IPOs →
Important: The AI listing estimates on Flash Finance are statistical estimates drawn from
how past Indian IPOs have listed. They are not a forecast of what any IPO will do, not a recommendation to apply, buy or sell,
and not investment advice. Listing prices depend on market conditions on the listing day and can differ widely from any
estimate; past patterns may not repeat. Subscription figures are as published by NSE (bids on NSE and BSE together) and can be
revised. Flash Finance is not a SEBI-registered investment adviser or research analyst. Read the issue's Red Herring
Prospectus and consult a SEBI-registered adviser before you invest.
