RBL Bank Ltd. IPO
IPO Timeline
Category-wise Subscription
| Category | Sub (x) | Offered | Bid For | Amt (Cr)* |
|---|---|---|---|---|
| QIB | — | 26,954,813 (50%) | — | ₹60,648 Cr |
| NII (HNI) | — | 8,086,445 (15%) | — | ₹18,195 Cr |
| Retail | — | 18,868,370 (35%) | — | ₹42,454 Cr |
| Σ Total | — | 53,909,628 (100%) | — | ₹1,212,967 Cr |
Only available investor categories are shown. Amount is auto-calculated when shares offered and issue price are available.
Issue Details
Minimum Investment (Lot-wise)
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 65 | ₹14,625 |
| Retail (Max) | 13 | 845 | ₹190,125 |
| S-HNI (Min) | 14 | 910 | ₹204,750 |
| B-HNI (Min) | 67 | 4,355 | ₹979,875 |
Financial Statements Amount in ₹ Crore
| Metric | 31-Mar-16 | 31-Mar-15 | 31-Mar-14 |
|---|---|---|---|
| Revenue | 3,235 | 2,356 | 1,613 |
| Profit After Tax | 297 | 208 | 93 |
| Total Assets | 39,160 | 27,104 | 18,197 |
Valuation & Key Ratios
Grey Market Premium (GMP)
GMP is an unofficial grey market indicator and does not guarantee actual listing price. Invest at your own risk.
Objects of the Issue
- 1 To augment our Bank’s Tier-I capital base to meet ourBank’s future capital requirements which are expected to arise out of growth in our Bank’s assets, primarily ourBank’s loans/advances and investment portfolio, and to ensure compliance with Basel III and other RBI guidelines –
- 2 To achieve the benefit of listing equity shares on the exchange –
Company Overview
Incorporated in 1943 as a regional bank in Maharashtra, RBL Bank Ltd is a Mumbai India based private sector bank offering range of banking products and services to large corporations, SMEs, agricultural customers, retail customers and development banking & financial inclusion (low income) customers.
As of March 31, 2016, RBL had 197 branches and 362 ATMs spread across 16 Indian states serving over 1.9 million customers.Information in this paragraph is taken from chittorgarh.com, India's No. 1 IPO Investment Portal.
RBL acquired certain Indian businesses of the Royal Bank of Scotland (RBS), including the RBS's business banking, credit card and mortgage portfolio businesses, in 2014.
RBL's business segments consist of corporate and institutional banking, commercial banking, branch and business banking, agribusiness banking, development banking and financial inclusion and treasury and financial markets operations.Discuss this IPO on Chittorgarh.com, the most active IPO discussion forum.
RBL's Competitive Strengths:
1. Client focused approach to business resulting in growing brand recognition
2. Robust multi-channel distribution system
3. Partnerships that expand reach in rural markets
4. Growing net interest and non-interest income
5. Risk management and balance sheet focus
6. Modern and scalable information technology systems infrastructure
7. Focus on operational quality and scalability