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RBL Bank will get around Rs 830 crore from the IPO, which it will use to augment its tier-I capital to help fuel future growth
Citi, JM, Kotak, Morgan Stanley selected as lead bankers
The retail portion of the IPO has already been subscribed 3.25 times
It is selling new shares in a price band of Rs 224 to Rs 225 per share to raise up to Rs 833 crore to boost its capital base
It is very likely that the bank's IPO will sail through if the pricing is right and promoters leave something on the table for new investors
The lender allotted 161.7 mn shares at Rs 225 apiece to investors
Shares are commanding 20% premium
From a base of Rs 4,132 crore in FY12, the bank's loan book has grown to Rs 21,229 crore in FY16
NSE too invites final pitches from merchant bankers
The shares touched a high of Rs 305 on BSE, up 13.8% over its IPO price of Rs 268 apiece, before closing at Rs 295
The stock closed at Rs 252, compared to the initial public offer price of Rs 219
Employees likely to net around Rs 1,400 cr from ESOPs
The price band for the IPO was Rs 258-268 per share
The 21.4-million share offering saw bids for nearly 444 million shares, data provided by stock exchanges showed
Although earnings will get a fillip from lower interest costs, the company lags peers on profitability
Dilip Buildon's IPO closes Wednesday, that of SP Apparels on Thursday
The stock ended at Rs 1,172 a share, up Rs 276 on the NSE compared to its issue price of Rs 896 apiece
Investors include DSP Blackrock, Goldman Sachs India, Birla Sun Life Insurance and Morgan Stanley