Bandhan Bank To Offer About 12 Crore Shares In IPO

Bandhan Bank Ltd will offer about 11.93 crore shares under its initial public offering, according to a public filing on Monday.

The Kolkata-based bank, which is owned by Bandhan Financial Holdings Ltd, said the IPO will comprise a fresh issue of up to 9.77 crore shares, while selling shareholders are offering up to 2.16 crore shares. 

Kotak Mahindra Capital, Axis Capital, Goldman Sachs (India) Securities, JM Financial Institutional Securities and J.P. Morgan India are the lead book running managers of the IPO.