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Open
19 Aug 2016
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Close
23 Aug 2016
3
Allotment
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Listing
Wed, Aug 31, 2016
Price Band
₹224 to ₹225
Issue Size
5,39,09,628 shares (agg. up to ₹1,213 Cr)
Lot Size
65 Shares
Listing Date
Wed, Aug 31, 2016
✦ AI Insight
Live Subscription
| Category | Subscription (times) |
|---|---|
| Total | 48.95x |
Objects of the Issue
| # | 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 |
About RBL Bank IPO
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 system3. Partnerships that expand reach in rural markets4. Gro
Contact Details
RBL Bank Ltd. AddressRBL Bank Ltd1 st Lane, ShahupuriKolhapur, Maharashtra, 416001+91 231 6650 214ipo@rblbank.comVisit Website