RBL Bank Limited - IPO
Profile :-
RBL Bank Limited ("RBL") is one of India''s fastest growing private sector banks in the last 6 years. RBL offer a comprehensive range of banking products and services customized to cater to the needs of large corporations, small and medium enterprises ("SMEs"), agricultural customers, retail customers and development banking & financial inclusion (low income) customers. As of March 31, 2016, RBL had 197 interconnected branches and 362 interconnected ATMs spread across 16 Indian states and union territories serving approximately 1.90 million customers.
Offer Period :-
Offer Opens On: Friday, August 19,2016
Offer Closes On: Tuesday, August 23,2016
Price Band :-
Rs.224 - 225
Bid Lot :-
65 Shares and in multiple thereof
Issue Size :-
Fresh Issue of shares of Rs.832.50 Crores + Offer for Sale of up to 1,69,09,628 shares (Rs.378.78^ - Rs.380.47* Cr)
Gross Issue size :-
Rs.1,211.28^ - Rs.1,212.97* Crores
Mix :-
QIB : 50% of the offer (2,69,54,813* - 2,70,37,402^ Shares) (Rs.605.64^ - Rs.606.48* Cr)
NIB : 15% of the offer (80,86,445* - 81,11,221^ Shares) (Rs. 181.69^ - Rs.181.95* Cr)
Retail : 35% of the offer (1,88,68,370* - 1,89,26,183^ Shares) (Rs.423.95^ - Rs.424.54* Cr)
(^ Lower Price Band & * Upper Price Band)
BRLM :-
Axis Capital Ltd, Kotak Mahindra Capital, Citigroup Global, Morgan Stanley, HDFC Bank, ICICI Securities, IDFC Securities, IIFL Holdings, SBI Capital Markets
Listing :-
NSE and BSE