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Sunday, August 14, 2016

The price band for upcoming IPO of RBL Bank is fixed at Rs.224/- to Rs.225/- per equity share. The gap between lower end of price band and its upper end is rather unusual at Re.1/- only. The bid lot would therefore be 65 equity shares and in multiples thereof

RBL Bank (earlier known as Ratnakar Bank) is coming up with an IPO of equity shares which opens for subscription from August 19, 2016. The IPO would be open for subscription till August 23, 2016

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.

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