Bandhan Bank makes stellar debut; lists at 33% against issue price

The Rs 4,473-crore initial public offer of Bandhan Bank was subscribed 14.62 times during 15-19, March

PTI March 27, 2018 12:02:23 IST
Bandhan Bank makes stellar debut; lists at 33% against issue price

New Delhi: Shares of Bandhan Bank made a stellar debut at the bourses on Tuesday, surging 33 percent against the issue price of Rs 375.

The stock listed at Rs 485, a sharp gain of 29.33 percent from the issue price on BSE.

On NSE, shares of the company opened the day at Rs 499, a premium of 33 percent.

Bandhan Bank makes stellar debut lists at 33 against issue price

Bandhan Bank makes stellar debut; lists at 33% against issue price. Reuters image.

The company has a market valuation of Rs 56,914.69 crore.

The Rs 4,473-crore initial public offer of Bandhan Bank was subscribed 14.62 times during 15-19, March.

The price band for the offer was fixed at Rs 370 to Rs 375.

Kotak Mahindra Capital Company, Axis Capital, Goldman Sachs (India) Securities, JM Financial and J P Morgan India managed the issue.

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