Bandhan Bank Limited has filed the Draft Red Herring Prospectus with SEBI for an Initial Public Offer (IPO) of 11.9 crore equity shares next fiscal.
The bank stated that, it proposes to offer up to 11,92,80,494 equity shares of face value of Rs.10 each at a price which will be determined by a book building process including premium.
Further it stated that, the IPO will consist of a fresh issue of up to 9,76,63,910 equity shares and an Offer for Sale of up to 1,40,50,780 equity shares by International Finance Corporation (IFC) and up to 75,65,804 equity shares by IFC FIG Investment Company.
