Ratnakar Bank Limited (RBL bank) is set to be listed on the BSE and NSE with its IPO in coming days. Check for Price Band and Dates of Ratnakar Bank IPO or RBL IPO along with Company profile, Allotment Status, Listing Dates and various other important and relevant details. They have already filed an Red Herring Prospectus and received the nod for the same from SEBI. The IPO is scheduled for August 19, 2016 with a price band of Rs.224-225. The lot size for applying the IPO is for 65 shares.
The Issue mandates all investors to apply through ASBA i.e. Application supported by Blocked amount only. The maximum application amount for retail investor stood at Rs. 2 lacs.
Equity shares offering by the bank aggregating up to 8325 million (The fresh Issue) and an offer for sale of up to 16,909, 628 shares. Equity shares comprising 4,537,850 equity shares by persons and 9,505,558 equity shares by Beacon India Private Equity Fund and 3,525,000 equity shares by GPE (India) Ltd.
To meet the capital expenditure requirements which are expected to arise out of growth in our Bank’s assets, primarily our Bank’s loans/advances and investment portfolio, and to ensure compliance with Basel III and other RBI guidelines.
Company profile:
Incorporated on June 14, 1943. We are one of India’s fastest growing private sector banks in the last five years. The firm facilitates and offers a comprehensive range of banking products and services customized to cater to the needs of large corporations, small and medium enterprises, agricultural customers, retail customers and development banking & financial inclusion customers. Initially the company was operating as a small regional bank in Maharashtra with two branches in Kolhapur and Sangli. Currently, this bank has a 72-year operating history and transformed itself in the past five years from a traditional bank into a ‘New Age’ bank. The bank had started its transformation in 2010 during the difficult economic period following the global financial crisis as well as the economic slowdown that followed in India. Its Board and management envisioned a professionally governed and managed institution, built on the platforms of knowledge, sector expertise and technology.
As part of its transformation, the bank focused on three pillars while laying the foundation for growth:
1) Putting in place a robust corporate governance framework and processes, including strengthening its board of directors;
2) Broad-basing shareholder and capital base by raising institutional capital; and
3) Building its management team by attracting high quality and experienced banking professionals.
The bank have been expanding its network across India through a growing network of branches and ATMs and upgrading its traditional delivery channels with modern technology-enabled channels like phone banking, internet banking and mobile banking. As of March 31, 2015, this bank had 183 interconnected branches and 348 interconnected ATMs spread across 13 Indian states and union territories serving over 1.3 million customers.
Outlook of the Firm:
- Strong board and corporate governance
- Robust multi-channel distribution system
- Growing net interest and non-interest income
- Risk management and balance sheet focus
- Modern and scalable information technology systems infrastructure
- Focus on operational quality and scalability
- Strong shareholder and capital base
- Experienced and professional management team
Objects Of The Issue:
- To enhance visibility and brand name among existing and potential customers.
Summary Of Ratnakar Bank IPO Issue:
| Issue Open:- | Aug 19, 2016 to Aug 23, 2016 |
| Issue Type | 100% Book Building issue |
| Issue Size (Shares) | [5,39,09,628-5,40,74,806]Equity Shares |
| Issue Size in (Value) | Fresh Issue Rs 430.00 Cr. Offer for Sale of 10,227,273 Shares |
| Face Value | Rs. 10 Per Equity Share |
| Issue Price | Rs. 224 to Rs. 225 per share |
| Market lots | 65 Shares |
| Minimum Order Quantity | 65 Shares & in multiple thereof |
| Listing At | BSE, NSE |
The Public offer includes:
| Particular | Number Of Equity Shares |
| Fresh Issue of | Equity Shares aggregating up to Rs. ~832 crores |
| Offer For sale of | Up to 17,568,408 Equity Shares |
Subscription Details for Ratnakar Bank IPO
| Figs in No. of Times | ||||
| Shares Offered / Reserved | 19-Aug-16 | 22-Aug-16 | 23-Aug-16 | |
| QIB | 10,864,515 | 0.67 | 4.28 | 85.08 |
| NII | 8,111,221 | 0.20 | 1.08 | 198.06 |
| RII | 18,926,183 | 0.86 | 3.26 | 5.70 |
| Total | 37,901,919 | 0.66 | 3.08 | 69.62 |
Important dates for RBL Bank IPO Allotment Status
- The Allotment date for RBL Bank Ipo issue is expected to be Aug 26, 2016.
- The amount will get unblocked on Aug 29, 2016.
- The Shares are expected to credited in DP accounts on Aug 30, 2016.
- The Shares of Ratnakar Bank (RBL) are likely to be listed August 31, 2016 on both BSE and NSE.
Ratnakar Bank IPO Allotment Status
Ratnakar Bank IPO allotment status would be available soon after the IPO closure date. Usually the allotment comes within a week from the closing date which in this IPO yet to be announced.
One can check the allotment on the below given link with PAN number or Application number or DP Client Id. All you need to do is to follow these steps
- Click on the given link See Allotment Status here
- Go to Application status
- Select IPO as Ratnakar Bank IPO
- Enter you PAN Number or Application Id or DP Client Id
It takes little time to fetch information so you need to be little patient.
Ratnakar Bank Listing Date
The Shares of Ratnakar Bank (RBL) are likely to be listed August 31, 2016 on both BSE and NSE.
Promoters Of the Company:
The Bank is a professionally managed company and does not have a promoter either in terms of the SEBI Regulations (as hereinafter defined) or in terms of the Companies Act, 2013.
Financials:
| Particulars | For the year/Period ended (Rs. in Million) | ||||
| Financial Year | 31-Mar-15 | 31-Mar-14 | 31-Mar-13 | 31-Mar-12 | 31-Mar-11 |
| Total Liabilities | 248742.46 | 161833.73 | 113566.16 | 60650.56 | 21467.38 |
| Total Assets | 271036.49 | 181970.77 | 129622.74 | 72072.67 | 32313.29 |
| Total Revenue | 23564.94 | 16125.88 | 10057.61 | 5322.16 | 2077.88 |
| Total Expenses | 19963.73 | 14338.93 | 8461.47 | 4182.81 | 1987.12 |
| Profit After Tax (PAT) | 2084.51 | 928.88 | 925.28 | 657.43 | 127.93 |
Book Running Lead Managers Details:
1) HDFC Bank limited Investment
Banking Group, Unit No. 401 & 402, 4th Floor, Tower B,
Peninsula Business Park, Lower Parel, Mumbai 400 013
Telephone: +91 22 3395 8015 Facsimile: +91 22 3078 8584
Email ID: rbl.ipo@hdfcbank.com
Website: www.hdfcbank.com
Investor Grievance ID: investor.redressal@hdfcbank.com
Contact Person: Keyur Desai / Rishi Tiwari
SEBI Registration No.: INM000011252
2) ICICI Securities Limited
ICICI Centre, H.T. Parekh Marg, Churchgate, Mumbai 400 020
Telephone: +91 22 2288 2460 Facsimile: +91 22 2282 6580
Email ID: pearl.ipo@icicisecurities.com
Website: www.icicisecurities.com
Investor Grievance ID: customercare@icicisecurities.com
Contact Person: Ayush Jain/ Vishal Kanjani
SEBI Registration No.: INM000011179
3) IDFC Securities Limited
Naman Chambers, C-32, G Block, Bandra Kurla Complex
Bandra (East), Mumbai 400 051
Telephone: +91 22 6622 2600 Facsimile : +91 22 6622 2501
Email : rbl.ipo@idfc.com
Investor Grievance Email : investorgrievance@idfc.com
Website: www.idfccapital.com
Contact Person: Akshay Bhandari
SEBI Registration No.: MB/INM000011336
4) IIFL Holdings Limited
8th Floor, IIFL Centre, Kamala City,
Senapati Bapat Marg, Lower Parel (West), Mumbai 400 013
Telephone: +91 22 4646 4600 Facsimile: +91 22 2493 1073
Email ID: rbl.ipo@iiflcap.com
Website: www.iiflcap.com
Investor Grievance ID: ig.ib@iiflcap.com
Contact Person: Pinkesh Soni/ Gururaj Sundaram
SEBI Registration No.: INM000010940
5) SBI Capital Markets Limited
202, Maker Towers ‘E’, Cuffe Parade, Mumbai 400 005, India
Telephone: + 91 22 2217 8300 Facsimile: + 91 22 2217 8332
Email ID: rbl.ipo@sbicaps.com
Website: www.sbicaps.com
Investor Grievance ID: investor.relations@sbicaps.com
Contact Person: Aditya Deshpande
SEBI Registration No.: INM000003531
Registrar To The Issue:
Link Intime India Private Limited
C-13, Pannalal Silk Mills Compound, L.B.S. Marg, Bhandup (West), Mumbai – 400 078
Maharashtra, India
Telephone: +91 22 6171 5400 Facsimile: +91 22 2596 0329
E-mail: Investor Grievance ID: rbl.ipo@linkintime.co.in
Website: www.linkintime.co.in
Contact Person: Sachin Achar
SEBI Registration No.: INR000004058
Registered Office Details:-
1st Lane, Shahupuri, Kolhapur – 416 001,
Maharashtra, India;
Telephone: +91 231 6650 214; Facsimile: +91 231 2657 386
Corporate Office: One Indiabulls Centre,
Tower 2B, 6th Floor, 841, Senapati Bapat Marg, Lower Parel (W),
Mumbai – 400 013, Maharashtra, India
Contact Person: Mr. Vinay Tripathi, Company Secretary and Compliance Officer in relation to the Issue;
Telephone: +91 22 4302 0600; Facsimile: +91 22 4302 0520
E-mail: ipo@rblbank.com;
Website: www.rblbank.com
CIN: U65191PN1943PLC007308
