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Tuesday, August 30, 2016

RBL Bank lists at a premium of 21.87% Wednesday Aug 31,2016

 

RBL Bank listed at a premium of 21.87 % on the NSE  on Wednesday Aug 31,2016

It listed at Rs. 274.20 on the NSE, a gain of Rs. 49.20 or 21.87 per cent against the offer price of Rs. 225. 



RBL Bank’s IPO was subscribed 69.62 times, with the qualified institutional buyers (QIBs) portion getting subscribed 85.08 times, non-institutional investors chunk 198.06 times and retail investors portion 5.70 times, as per data available with the NSE. 



Price band for the IPO was fixed at Rs. 224-225 per share. 

The IPO garnered around Rs. 60,000 crore.

 It attracted over 1.02 million applications. 



Note

YES Bank was the last private lender to hit the capital markets in 2005.

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