Ipo Update Bandhan Bank

Ipo update bandhan bank

Bandhan Bank is a banking sector based organization operating from Kolkata. The company focuses on micro banking and normal banking services through more than 2500 doorstep service center and 860 bank branches and 386 ATMs service more than 1.87 million customers.

Ipo update bandhan bank

 The company has a strong presence in east and north east india.

Date of establishment:  Bandhan bank was incorporated in 2014.

Product & Service Offering:  The company offers microfinance as well as banking services.

Promoters of Bandhan Bank: The Promoters of the Bank are Bandhan Financial Services Private Limited (BFSL), BFSL, FIT and NEFIT.

Customer segment:  Bandhan bank focuses on retail banking and microfinance system.

The company has a strong presence through its distribution network in West bengal, Assam and bihar.

Ipo update bandhan bank

Company serves 1.87 million customers in north east and east india

Objects of the Issue:

The Issue comprises of a Fresh Issue and an OFS.

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.

Company Financials:

Particulars

For the year/period ended (in Rs.

million)

 

31-Mar-17

31-Mar-16

31-Mar-15

   

Total Assets

302,360.90

197,565.00

5,268.88

   

Total Revenue

43,201.23

17,312.54

79.53

   

Profit After Tax

11,119.52

2,752.47

5.76

   

Bandhan Bank IPO - बने रहें या निकल जाएं? - CNBC Awaaz