Bandhan Bank files DHRP for IPO

Bandhan Bank

Bandhan Bank filed draft papers with markets regulator Sebi for initial public offer (IPO), according to reports.

Report says that the company is planning to raise INR 2,500 crore.

Kotak Mahindra Capital Company Ltd, Axis Capital Ltd, Goldman Sachs (India) Securities Pvt Ltd, JM Financial Institutional Securities and J P Morgan India Private Ltd are the book running lead managers to the issue, says report.

The company is proposing initial public offering of up to 119,280,494 equity shares of face value of INR 10 each.