IPO: Bandhan Bank Limited
Company& Business Profile
Incorporated in 2014, Bandhan Bank Limited is Kolkata, West Bengal based commercial bank focused on micro banking and general banking services. Bandhan Bank has a license to provide banking services pan-India across customer segments. Bank offer a variety of asset and liability products and services designed for micro banking and general banking, as well as other banking products and services to generate non-interest income.
With the a network of 2,546 doorstep service centres (DSCs) and 9.47 million micro loan customers, the bank has strong very hold in microfinance. Bandhan bank has 864 bank branches and 386 ATMs serving over 1.87 million general banking customers. Banks distribution network is strong in East and Northeast India, with West Bengal, Assam and Bihar.
Objects of the Issue
The Issue comprises of a Fresh Issue and an Offer for Sale.
Fresh Issue
The object of the fresh issue is to augment Bank’s Tier-I capital base to meet Bank’s future capital requirements.
Offer for Sale
The Selling Shareholders will be entitled to the respective portion of the proceeds of the Offer for Sale.
Listing:
The equity shares of the company are proposed to be listed on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE).
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