Day: 17 August 2016

RBL Bank (formerly called Ratnakar Bank) will open its initial public offer (IPO) on August 19, at a price band of Rs 224-225 per share. The company is planning to raise over Rs 1,200 crore.  This is the first Indian bank IPO in last 6 years. Issue Details Issue Dates :  Aug 19 to Aug 23 2016 Price Band: Rs 224 - 225 per share Bid lot: 65 equity shares or multiples thereof Overall issue size: 5.4 crore shares Face Value - Rs 10 Book Managers - Kotak Mahindra Capital, Axis Capital, CitiGroup, Morgan Stanley India, HDFC Bank, ICICI Sec, IDFC Sec, IIFL, SBI Cap Grey Market price:  In the grey market, the RBL IPO is trading at approx Rs 50 premium now (GMP) . So there is a potential listing gain for that amount.  Please note this is just an estimate price. Background RBL Bank Ltd ...