RBL Bank shares list at Rs 274.2, a 22% premium to listing price
The listing price is a 22 % premium to issue price of Rs 225 a share
Abhijit Lele |
Last Updated at August 31, 2016 10:35 IST
The shares of private sector lender RBL, formerly known as Ratnakar Bank, on Wednesday debuted on the National Stock Exchange at Rs 274.2 per share, a 22% premium over the offer price. The price band for RBL's Initial Public Offer (IPO), the first by a private bank in a decade, was fixed at Rs 224-225 per share. The IPO opened for subscription on August 19 through August 23, with an issue price of Rs 225 a share.
The company's IPO was subscribed a staggering 70 times over. Yes Bank was the last private lender to hit the capital markets in 2005. Taking into account state-run banks ...
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First Published: Wed, August 31 2016. 10:23 IST