Bandhan Bank IPO released today with Rs 370 to 375 price band for each share.

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Bandhan Bank IPO opens today to raise Rs. 4473cr with share price 370  to 375

source: images.financialexpress.com

Bandhan Bank's projected initial public offering (IPO) to lift Rs4, 473cr will release on Thursday, March 15. The stock has put on offer up to 119,280,494 equity shares, made of a new issue of up to 97,663,910 equity shares and a bid for auction of 14,050,780  stocks by issuing authority IFC and approximately 7,565,804 shares by sister concern FIG together, the “selling shareholders” and equity shares offered by the promoting shareholders, the offered shares (Offer for Sale).

The charge band for the bid has been fixed at Rs370-Rs375 per equity share. Bids can be made for the lowest lot of 40 shares and in multiples of 40 shares after that.

The shares are being accessible during the Red Herring Prospectus dated March 7, 2018. The shares are planned to be listed on the BSE and the NSE.

source: static-news.moneycontrol.com

The shares can be booked on registered bids are Kotak Mahindra Capital, Axis Capital, Goldman Sachs (India) Securities, JM Financial, and added JP Morgan India. Karvy Computer share is the registered authorities for the issue.

The bid/issue time will shut on March 19, 2018.