Wednesday, August 10, 2016

RBL Bank IPO to open on Aug 19th

RBL Bank Ltd is entering in the capital markets with an initial public offering (IPO) consisting of a fresh issue aggregating up to Rs 1100.00 Cr and an offer for sale of up to 17,568,408 equity shares. The price band for the issue has been fixed at Rs 224 at lower level and Rs 225 at upper level.

RBL Bank Ltd is a Mumbai based private sector bank offering banking products and services to large corporations, SMEs, agricultural customers, retail customers and development banking & low income customers.

The issue opens on Aug 19, 2016 and closes for subscription on Aug 23, 2016. The equity shares of the issue are proposed to be list on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE).