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Bandhan Bank, has received Sebi’s approval to raise approx Rs.2,500 crore via an initial share sale.
The bank had filed draft papers with Sebi on January 1 and obtained observations from Sebi on February 28. Sebi’s observations are important for any company to launch public issues like IPo and rights issue.
As per the draft papers, Bandhan Bank IPO comprises fresh issue of up to 9,76,63,910 equity shares and an offer for sale of up to 1,40,50,780 scrips by IFC and up to 75,65,804 shares by IFC FIG Investment Company.
Furthermore, the book running lead managers to the issue are :Kotak Mahindra Capital Company Ltd, Axis Capital Ltd, Goldman Sachs (India) Securities Pvt Ltd, JM Financial Institutional Securities and J P Morgan India Private Ltd.
