The stock listed at Rs 485, a sharp gain of 29.33 per cent from the issue price on BSE.
Net interest margin (NIM) of the bank in the current quarter stood at 10.69 per cent against 9.32 per cent in the corresponding period of the previous year. (Photo: File)
New Delhi: Shares of Bandhan Bank made a stellar debut at the bourses on Tuesday, surging 33 per cent against the issue price of Rs 375.
The stock listed at Rs 485, a sharp gain of 29.33 per cent from the issue price on BSE.
On NSE, shares of the company opened the day at Rs 499, a premium of 33 per cent.
The company has a market valuation of Rs 56,914.69 crore.
The Rs 4,473-crore initial public offer of Bandhan Bank was subscribed 14.62 times during March 15-19.
The price band for the offer was fixed at Rs 370 to Rs 375.
Kotak Mahindra Capital Company, Axis Capital, Goldman Sachs (India) Securities, JM Financial and J P Morgan India managed the issue.
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