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 consist of fresh issue of equity shares by the bank aggregating up to Rs 832.5 crore and an OFS up to 16,909,628 equity shares
RBL Bank Limited (formerly known as The Ratnakar Bank limited) is a scheduled commercial bank headquartered in the Kolhapur region of Maharashtra. Founded in August 1943, RBL is one of the oldest private sector banks in India. The Bank currently services approximately 19,00,000 customers and has a total business size of over Rs. 45,000 Crores. It offers a range of banking products and services categorized largely in 5 verticals - Corporate & Institutional Banking, Commercial Banking, Retail Banking, Agri & Development Banking and Financial Markets
As of March 2016, RBL Bank has grown to a network of 193 branches and 362 ATMsacross 13 Indian states and Union Territories. In 2014, the bank announced its plan to issue an IPO
The IPO is proposed in a price band of Rs.224 to Rs.225 per equity share. The company has pre-IPO placement of 2.5 crore equity shares to few investors at a price of Rs 195 per share
Kotak Mahindra Capital, Axis Capital, Citigroup Global Markets India and Morgan Stanley India are leading book running lead managers. Other book running lead managers include HDFC Bank, ICICI Securities, IDFC Securities, IIFL Holdings and SBI Capital Markets
RBL Bank Limited (formerly known as The Ratnakar Bank limited) is a scheduled commercial bank headquartered in the Kolhapur region of Maharashtra. Founded in August 1943, RBL is one of the oldest private sector banks in India. The Bank currently services approximately 19,00,000 customers and has a total business size of over Rs. 45,000 Crores. It offers a range of banking products and services categorized largely in 5 verticals - Corporate & Institutional Banking, Commercial Banking, Retail Banking, Agri & Development Banking and Financial Markets
As of March 2016, RBL Bank has grown to a network of 193 branches and 362 ATMsacross 13 Indian states and Union Territories. In 2014, the bank announced its plan to issue an IPO
The IPO is proposed in a price band of Rs.224 to Rs.225 per equity share. The company has pre-IPO placement of 2.5 crore equity shares to few investors at a price of Rs 195 per share
Kotak Mahindra Capital, Axis Capital, Citigroup Global Markets India and Morgan Stanley India are leading book running lead managers. Other book running lead managers include HDFC Bank, ICICI Securities, IDFC Securities, IIFL Holdings and SBI Capital Markets
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