Bookbuilding IPO | ₹1,213 Cr | Listed at BSE, NSE | Fri, Aug 19, 2016 - Tue, Aug 23, 2016
RBL Bank IPO is a book build issue of ₹1,212.97 crores. The issue is a combination of fresh issue of 3.70 crore shares aggregating to ₹832.50 crores and offer for sale of 1.69 crore shares aggregating to ₹380.47 crores.
RBL Bank IPO bidding started from Aug 19, 2016 and ended on Aug 23, 2016. The shares got listed on BSE, NSE on Aug 31, 2016.
RBL Bank IPO price band is set at ₹225 per share. The lot size for an application is 65. The minimum amount of investment required by an retail is ₹14,625 (65 shares) (based on upper price). The lot size investment for sNII is 14 lots (910 shares), amounting to ₹2,04,750, and for bNII, it is 69 lots (4,485 shares), amounting to ₹10,09,125.
Axis Bank Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue.
Refer to RBL Bank IPO RHP for detailed Information.
IPO Open
Fri, Aug 19, 2016
IPO Close
Tue, Aug 23, 2016
Issue Price
₹225 per share
Market Cap (Pre-IPO)
₹8,320.70 Cr
| IPO Date | 19 to 23 Aug, 2016 |
| Listed on | Wed, Aug 31, 2016 |
| Face Value | ₹10 per share |
| Price Band | ₹224 to ₹225 |
| Issue Price | ₹225 per share |
| Lot Size | 65 Shares |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 5,39,09,628 shares (agg. up to ₹1,213 Cr) |
| Fresh Issue | 3,70,00,000 shares (agg. up to ₹833 Cr) |
| Offer for Sale | 1,69,09,628 shares of ₹10 (agg. up to ₹380 Cr) |
| Share Holding Pre Issue | 33,28,08,976 shares |
| Share Holding Post Issue | 36,98,08,976 shares |
| BSE Script Code / NSE Symbol | 540065 / RBLBANK |
| ISIN | INE976G01028 |
RBL Bank IPO comprises a total issue size of 5,39,09,628 shares. Out of which, 2,69,54,813 (50.00%) are allocated to QIB, 80,86,445 (15.00%) allocated to NII 1,88,68,370 (35.00%) allocated to RII.
| Investor Category | Shares Offered | % of Total Issue | Max Allottees |
|---|---|---|---|
| QIB Shares Offered | 2,69,54,813 | 50.00% | NA |
| − Anchor Investor Shares Offered | 1,61,72,887 | 30.00% | NA |
| − QIB (Ex. Anchor) Shares Offered | 1,07,81,926 | 20.00% | NA |
| NII (HNI) Shares Offered | 80,86,445 | 15.00% | NA |
| Retail Shares Offered | 1,88,68,370 | 35.00% | 2,90,282 |
| Total Shares Offered | 5,39,09,628 | 100.00% |
Investors can bid for a minimum of 65 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 65 | ₹14,625 |
| Retail (Max) | 13 | 845 | ₹1,90,125 |
| S-HNI (Min) | 14 | 910 | ₹2,04,750 |
| S-HNI (Max) | 68 | 4,420 | ₹9,94,500 |
| B-HNI (Min) | 69 | 4,485 | ₹10,09,125 |
Incorporated in 1943 as a regional bank in Maharashtra, RBL Bank Ltd is a Mumbai India based private sector bank offering range of banking products and services to large corporations, SMEs, agricultural customers, retail customers and development banking & financial inclusion (low income) customers.
As of March 31, 2016, RBL had 197 branches and 362 ATMs spread across 16 Indian states serving over 1.9 million customers.Information in this paragraph is taken from chittorgarh.com, India's No. 1 IPO Investment Portal.
RBL acquired certain Indian businesses of the Royal Bank of Scotland (RBS), including the RBS's business banking, credit card and mortgage portfolio businesses, in 2014.
RBL's business segments consist of corporate and institutional banking, commercial banking, branch and business banking, agribusiness banking, development banking and financial inclusion and treasury and financial markets operations.Discuss this IPO on Chittorgarh.com, the most active IPO discussion forum.
RBL's Competitive Strengths:
1. Client focused approach to business resulting in growing brand recognition
2. Robust multi-channel distribution system
3. Partnerships that expand reach in rural markets
4. Growing net interest and non-interest income
5. Risk management and balance sheet focus
6. Modern and scalable information technology systems infrastructure
7. Focus on operational quality and scalability
| Period Ended |
|---|
| Amount in ₹ Crore |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | To augment our Bank’s Tier-I capital base to meet ourBank’s future capital requirements which are expected to arise out of growth in our Bank’s assets, primarily ourBank’s loans/advances and investment portfolio, and to ensure compliance with Basel III and other RBI guidelines | |
| 2 | To achieve the benefit of listing equity shares on the exchange |
The RBL Bank IPO is subscribed 69.62 times on August 23, 2016 6:18:00 PM (Day 3). The public issue subscribed 5.7 times in the retail category, 85.08 times in the QIB category, and 198.06 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 85.08 | 1,08,64,515 | |
| NII | 198.06 | 81,11,221 | |
| Retail | 5.7 | 1,89,26,183 | |
| Total | 69.62 | 3,79,01,919 |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Fees of the GCBRLMs and BRLMs, underwriting commission, brokerage and selling commission, Commission/processing fee to the SCSBs for processing ASBAForms procured by the Designated Intermediaries (other than the SCSBs themselves) and submitted to SCSBs, and Brokerage and selling commission for Non Syndicate Registered Brokers(2), CDPs, RTAs and SCSBs | 30.31 |
| 2 | Advertising and marketing expenses, printing and stationery, distribution, postage etc. | 17.25 |
| 3 | Fees to the Registrar to the Issue | 1.83 |
| 4 | Fees of other advisors to the Issue | 8.29 |
| 5 | Listing fees and other regulatory expenses | 5.12 |
| 6 | Miscellaneous | 5.45 |
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹225.00 | ₹225.00 |
| Open | ₹273.70 | ₹274.20 |
| Low | ₹273.70 | ₹274.20 |
| High | ₹305.00 | ₹305.50 |
| Last Trade | ₹299.30 | ₹299.40 |
Lead Manager Reports
RBL Bank IPO is a main-board IPO of 5,39,09,628 equity shares of the face value of ₹10 aggregating up to ₹1,213 Crores. The issue is priced at ₹225 per share. The minimum order quantity is 65.
The IPO opens on Fri, Aug 19, 2016, and closes on Tue, Aug 23, 2016.
MUFG Intime India Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in RBL Bank IPO using UPI as a payment gateway. Zerodha customers can apply in RBL Bank IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in RBL Bank IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The RBL Bank IPO opens on Fri, Aug 19, 2016 and closes on Tue, Aug 23, 2016.
RBL Bank IPO lot size is 65, and the minimum amount required for application is ₹14,625.
You can apply in RBL Bank IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for RBL Bank IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the RBL Bank IPO allotment status.
The RBL Bank IPO listing date is on Wed, Aug 31, 2016.
