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Bandhan Bank Ltd.
Issue Open Date 15-Mar-18  
Issue Closing Date 19-Mar-18  
Application Money 100  
Allotment Money  
Price Band 370 - 375  
Minimium Application No. 40  
Issue Size (Shares) 119280494  
Market Lot 1  
Objective
The objects of the Fresh Issue are to augment our Bank’s Tier-I capital base to meet our Bank’s future capital requirements.Further, the proceeds from the Issue will also be used towards meeting the expenses in relation to the Issue.Our Bank expects to receive the benefits of listing the Equity Shares on the Stock Exchanges
Category No. of Shares No. of Shares Subscription Ratio
  Offered / Reserved Bid For  
Non-Institutional Investors   17892075   248599360   13.89  
Qualified Institutional Buyers   23856099   922627480   38.67  
Retail Individual Investors   41748173   50295760   1.20  
Business Description
OverviewWe are a commercial bank focused on serving underbanked and underpenetrated markets in India. We have a banking licensethat permits us to provide banking services pan-India across customer segments. We currently offer a variety of asset andliability products and services designed for micro banking and general banking, as well as other banking products and servicesto generate non-interest income.We were incorporated on December 23, 2014 and began operations on August 23, 2015 when Bandhan Financial ServicesLimited (“BFSL”), our ultimate parent company, transferred its entire microfinance business to us and we simultaneouslycommenced general banking activities. Bandhan Konnagar was formed in 2001 as a non-governmental organisation (“NGO”)providing microfinance services to socially and economically disadvantaged women in rural West Bengal. BFSL started itsmicrofinance business in 2006 and the NGO transferred its microfinance business to BFSL in 2009 and thereby the entiremicrofinance business was undertaken by BFSL. By the time BFSL transferred its microfinance business to us, it was India’slargest microfinance company by number of customers and size of loan portfolio. We believe that the “Bandhan” brand isinstrumental to our success.Our strength lies in microfinance, including a network of 2,022 doorstep service centres (“DSCs”) and 6.77 million micro loancustomers that BFSL transferred to us, which we have grown to 2,546 DSCs and over 9.47 million micro loan customers as ofSeptember 30, 2017. To complement our micro loan business, since obtaining our banking license we have also focusedparticularly on creating a strong general banking business. To this end, we launched our general banking business on August23, 2015 by opening a greenfield network of 501 bank branches and 50 automated teller machines (“ATMs”), which as ofSeptember 30, 2017 we have grown to 864 bank branches and 386 ATMs, together serving over 1.87 million general bankingcustomers. Our distribution network is particularly strong in East and Northeast India, with West Bengal, Assam and Bihartogether accounting for 57.75% and 58.13% of our branches and DSCs, respectively, though our focus is to expand acrossIndia.We currently offer a variety of asset and liability products and services designed for micro banking and general banking. Ourasset products consist of retail loans including a substantial portfolio of micro loans, as well as micro, small and mediumenterprise (“SME”) loans and small enterprise loans. As of September 30, 2017, 97.14% of our Gross Advances were in prioritysector lending (“PSL”) compliant with the Reserve Bank of India (“RBI’s”) PSL requirements. Our liability products consistof savings accounts, current accounts and a variety of fixed deposit accounts. Since beginning banking operations, we havebuilt a strong base of current account and savings account deposits, which together stood at ?71,700.39 million as of September30, 2017, a CASA ratio of 28.18%. We believe that our CASA ratio provides us a stable source of low-cost funding, allowingus to provide cost-effective loans to our target customer base. Moreover, as of September 30, 2017, our retail-to-total depositratio stood at 76.09%.In addition to our loan and deposit products, we also offer other banking products and services to generate non-interest incomeand cater towards the additional needs of our customers. These products and services include debit cards, internet banking,mobile banking, EDC-POS terminals, online bill payment services and the distribution of third-party general insurance productsand mutual fund products. In addition, because our PSL portfolio significantly exceeds the RBI’s PSL requirements, wegenerate PSL certificates that we are able to sell to other banks, providing us with an additional stream of non-interest income.
Promoter's Holding
Total Share Capital   981483046  
Offered to Public   119280494  
Promoter's Holding (Pre-Issue)   89.62  
Promoter's Holding (Post-Issue)   82.28  
Address
D N-32
Sector- V
Salt Lake City

Kolkata,
West Bengal,
700091
Phone : 91-033-66090909/27062396
Email : companysecretary@bandhanbank.com
Website : www.bandhanbank.com
Registrar
Karvy Fintech Pvt Ltd.-(Karvy Computuershare Pvt Ltd.)
105-108
Arunachal Building
19
Barakhamba Road
New Delhi
Listed at
BSE, NSE
Lead Manager
Axis Capital Ltd.
Goldman Sachs (India) Securities Pvt Ltd
JM Financial Institutional Securities Ltd.
JP Morgan India Pvt Ltd
Kotak Mahindra Capital Co Ltd
Promoters
Bandhan Financial Holdings Ltd.
Bandhan Financial Services Ltd.
Financial Inclusion Trust
North East Financial Inclusion Trust
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