Bandhan Bank gets regulator’s Nod For Rs 2500 Cr IPO

Bandhan Bank Limited, an Indian banking & financial services company headquartered in Kolkata, on Monday filed the draft red herring prospects  (DRHP) with  market regular Sebi, for its proposed IPO of up to 119,280,494 equity shares of face value of Rs 10/- each.

As per the DRHP, the Bandhan Bank's IPO comprises a fresh issue of up to 97,663,910 equity shares and offer for sale  (OFS) of up to 14,050,780 shares by International Finance Corpn (IFC) and up to 7,565,804 shares by IFC FIG Investment Company, the Bank said in a statement.

The equity shares are expected to be listed on the NSE and the BSE. The IPO is considered to be the biggest banking sector offer till date.

Kotak Mahindra Capital Co Ltd, JM Financial Institutional Securities Ltd, Goldman Sachs(India) Securities Pvt Ltd, Axis Capital Ltd and JP Morgan(India) Pvt Ltd are the book-running lead managers to the public Offer.

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