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. [caption id=“attachment_4339175” align=“alignleft” width=“380”] Bandhan Bank makes stellar debut; lists at 33% against issue price. Reuters image.[/caption] 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.