Bandhan Bank makes stellar debut, shares up over 27 pc

March 27, 2018 17:10

Shares of Bandhan Bank made a stellar debut at the bourses today and ended over 27 per cent higher against its issue price of Rs 375. The stock listed at Rs 485, a sharp gain of 29.33 per cent over the issue price on BSE. Intra-day, it jumped 32.90 per cent to Rs 498.40. It finally ended at Rs 477.20, up 27.25 per cent.

On NSE, shares of the company zoomed 27.16 per cent to settle at Rs 476.85. In terms of equity volume, 139.07 lakh shares of the company were traded on BSE and over 9 crore shares changed hands on NSE during the day.

The company's market valuation stood at Rs 56,920.65 crore. The Rs 4,473-crore initial public offer of Bandhan Bank was subscribed 14.62 times during March 15-19. The price band for the offer was fixed at Rs 370 to Rs 375. Kotak Mahindra Capital Company, Axis Capital, Goldman Sachs (India) Securities, JM Financial and J P Morgan India managed the issue. PTI

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