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.