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Bandhan Bank’s IPO subscribed 42% on Day 1

Updated At : 06:24 AM Mar 16, 2018 IST

New Delhi, March 15

Bandhan Bank’s Rs 4,473 crore IPO was subscribed 42% on the first day of bidding today. The portion reserved for qualified institutional buyers (QIBs) was oversubscribed 1.26 times, non-institutional investors 1% and retail investors 12%.

The IPO received bids for 3,50,05,200 shares against the total issue size of 8,34,96,347 shares, data available with the NSE till 1730 hours showed.

The bank yesterday raised Rs 1,342 crore from anchor investors and is looking to raise a total amount of Rs 4,473 crore. — PTI

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Bandhan Bank’s IPO subscribed 42% on Day 1

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