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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 ₹225.00 per share . The lot size for an application is 65. The minimum amount of investment required by an retail is ₹14,560 (65 shares). 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 Date | August 19, 2016 to August 23, 2016 |
| Listing Date | August 31, 2016 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹224 to ₹225 per share |
| Issue Price Final | ₹225 per share |
| Lot Size | 65 Shares |
| Sale Type | Fresh Capital-cum-Offer for Sale |
| Total Issue Size | 5,39,09,628 shares (aggregating up to ₹1,212.97 Cr) |
| Fresh Issue | 3,70,00,000 shares (aggregating up to ₹832.50 Cr) |
| Offer for Sale | 1,69,09,628 shares of ₹10 (aggregating up to ₹380.47 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | 33,28,08,976 shares |
| Share Holding Post Issue | 36,98,08,976 shares |
RBL Bank IPO offers total 5,39,09,628 shares. Out of which 2,69,54,813 (50.00%) allocated to QIB, 1,07,81,926 (20.00%) allocated to QIB, 80,86,445 (15.00%) allocated to NII, 1,88,68,370 (35.00%) allocated to RII and 1,61,72,887 (30.00%) allocated to Anchor investors.
| Investor Category | Shares Offered | Maximum 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%) |
RBL Bank IPO opens on August 19, 2016, and closes on August 23, 2016.
| IPO Open Date | Fri, Aug 19, 2016 |
| IPO Close Date | Tue, Aug 23, 2016 |
| Tentative Listing Date | Wed, Aug 31, 2016 |
| Cut-off time for UPI mandate confirmation | 5 PM on Tue, Aug 23, 2016 |
Investors can bid for a minimum of 65 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| 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
| Particulars | For the year/period ended (in Rs. Million) | ||||
|---|---|---|---|---|---|
| 31-Mar-16 | 31-Mar-15 | 31-Mar-14 | 31-Mar-13 | 31-Mar-12 | |
| Total Assets | 391,600.91 | 271,036.49 | 181,970.77 | 129,622.74 | 72,072.67 |
| Total Revenue | 32,348.50 | 23,564.94 | 16,125.88 | 10,057.61 | 5,322.16 |
| Profit After Tax (PAT) | 2,968.02 | 2,084.51 | 928.88 | 925.28 | 657.43 |
The Company RBL Bank IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (₹ in crores) |
|---|---|---|
| 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 |
[Dilip Davda] Bank has continued to outperform on Y-o-Y with modern business practices and governance in place. Banking counters are now gauged on asset quality aspects. Considering this, issue may be considered by investors for long term investment. Read detail review...
| Listing Date | August 31, 2016 |
| BSE Script Code | 540065 |
| NSE Symbol | RBLBANK |
| ISIN | INE976G01028 |
| Final Issue Price | ₹225 per share |
| BSE Listing Group | B |
RBL Bank Ltd.
RBL Bank Ltd,
1 st Lane, Shahupuri,
Kolhapur - 416 001
Kolhapur, Maharashtra
Phone: +91 231 6650 214
Email: ipo@rblbank.com
Website: http://www.rblbank.com
MUFG Intime India Pvt.Ltd.
Phone: +91-22-4918 6270
Email: rbl.ipo@linkintime.co.in
Website: https://linkintime.co.in/Initial_Offer/public-issues.html
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 ₹1,212.97 Crores. The issue is priced at ₹225 per share. The minimum order quantity is 65.
The IPO opens on August 19, 2016, and closes on August 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 August 19, 2016 and closes on August 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 Wednesday, August 31, 2016.
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