Bandhan Bank shares fell sharply after ET reported that Bandhan Financial Services is exploring long-term investor exits. Options under con...

Bandhan Financial Services is looking at ways for its investors to exit. The company has hired an investment banker to explore options. Thi...

The stock fell 20 per cent to hit low of Rs 451.20 on BSE.

Bandhan on Tuesday made a dream market debut. The scrip got listed at Rs 499 on the NSE, a 33 per cent premium to the issue price of Rs 375.

Bandhan Bank’s Rs 4,470-crore initial public offer, the largest ever by a bank, was subscribed 14.6 times last week.

This retail banking network has grown to 864 bank branches and 386 ATMs as of 30 September 2017.

The bank's retail banking network has grown to 864 branches and 386 ATMs as of 30 September 2017.

The IPO received bids for 1,22,10,47,920 shares as against the total issue size of 8,34,96,347.

Investors bade for 4,22,90,520 shares against the total issue size of 8,34,96,347 shares.

Brokerage Centrum Wealth Research has subscribe rating on the issue.

Bandhan Bank’s IPO seems to be steeply priced at pricebook (P/B) multiple of 4.9.

The bank would also offer fresh issue of 9.76 crore shares to the public.

The bank plans to sell up to 9.76 crore fresh equity shares raising close to Rs 4,500 crore.

Sale will be a combination of up to 9.76 crore fresh equity shares and an offer for sale of up to 1.40 crore shares.

The equity shares are proposed to be listed on BSE and NSE.

It started operations on August 23, 2015, and RBI mandated it to go public within three years.

The bank, which received universal banking license in 2014, is mandated to be listed by 2018.