Rs 2,500 Crore expected to be raised via Bandhan Bank IPO

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On January 2, Bandhan Bank, Kolkata-based private sector lender filed draft papers with SEBI for its Initial Public Offer (IPO) to raise an approximate guessed amount of over Rs 2,500 crore. The lender said, “Bandhan Bank Ltd has filed a Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) for its proposed initial public offering of up to 11,92,80,494 equity shares of face value of Rs 10 each,” through a book building process including premium and sets to launch the IPO around March or April. Bandhan Bank was advised by Cyril Amarchand Mangaldas led by Partners Yash Ashar and Abhinav Kumar, Senior Associate Neha Samant accompanied by Associates Roshni Bhalla, Shara Madan and Bhartendu Singh. Khaitan & Co advised Goldman Sachs Securities (India), JP Morgan, Axis Capital, Kotak Mahindra Capital and JM Financial Institutional Services, the book running lead managers to the issue, as their Indian legal counsel and the Khaitan & Co was led by Partner Abhimanyu Bhattacharya, Associate Partner Subhayu Sen, Senior Associate Oishik Bagchi and Associates Richa Yadav and Devarshi Mukhopadhyay. Clifford Chance acted for book running lead managers as the international legal counsel and their team was represented by Partner Rahul […]

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