Shares in the Bandhan Bank IPO are being issued in a price band of Rs370-375 apiece. Photo: Indranil Bhoumik/MintNew Delhi: Bandhan Bank’s Rs 4,473 crore initial public offering (IPO) saw a subscription of 42% on the first day of bidding on Thursday. The Bandhan Bank IPO received bids for 35,005,200 shares against the total issue size of 83,496,347 shares, NSE data showed. The Bandhan Bank IPO is of up to 119,280,494 shares comprising fresh issue of up to 97,663,910 and an offer for sale of up to 21,616,584 shares, including anchor portion of 35,784,147 shares. Kotak Mahindra Capital Co. Ltd, Axis Capital Ltd, Goldman Sachs (India) Securities, JM Financial and JP Morgan India are managing the Bandhan Bank IPO.

Source: Mint March 15, 2018 21:00 UTC