Bandhan Bank IPO Subscription Status
Bandhan Bank IPO was subscribed 14.56 times when bidding closed on 19 Mar 2018: QIB 38.68x, NII 13.89x, Retail 1.06x.
The Bandhan Bank IPO has been subscribed 14.56x times overall. Retail investors have shown interest with bids for 1.06x the shares available. The Non-Institutional Investor (NII) category has been subscribed 13.89x. Qualified Institutional Buyers (QIBs) have subscribed 38.68x. Data last updated on 12 Nov, 03:11 PM.
The IPO subscription period has ended. Given the strong demand, the allotment process is expected to be highly competitive. The issue opened on 15 Mar, 2018 and closes on 19 Mar, 2018. The shares are expected to list on stock exchanges on 27 Mar, 2018.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
Live bidding
Shares bid against shares offered, category by category, as published by the exchanges. Summary splits NII into bHNI (above ₹10 lakh) and sHNI (₹2–10 lakh); switch to Detailed for the exchange's own sub-category rows.
| Category | Bid details | Times |
|---|---|---|
| QIB | - of - - | 38.68x |
| NII | - of - - | 13.89x |
| Retail | - of - - | 1.06x |
| TOTAL | - - | 14.56x |
Bandhan Bank IPO allotment probability
Your odds of an allotment in each category at the current subscription.
Odds = allotment slots ÷ applications, or the subscription multiple where counts aren't available. Retail and HNI allotment is by lottery; QIB is proportionate. Not investment advice.
Subscription insights
What the current book is saying, read off the category numbers above.
Retail Allotment
Subscription is above 1x. While a lottery is guaranteed, your probability of allotment is approximately 94.3% for a single lot.
Institutional Backing
Massive institutional interest with QIBs subscribing 38.68x. This often signals long-term confidence from professional funds.
Day-wise subscription history
End-of-day subscription across the 3-day bidding window. On phones, tap a day for the category split.
| Date | Total | ||
|---|---|---|---|
|
19 Mar 2018
Day 3 |
14.56x | ▼ | |
|
QIB38.68x
BHNI-
SHNI-
Retail1.06x
|
|||
|
16 Mar 2018
Day 2 |
0.89x | ▼ | |
|
QIB2.33x
BHNI-
SHNI-
Retail0.33x
|
|||
|
15 Mar 2018
Day 1 |
0.42x | ▼ | |
|
QIB1.26x
BHNI-
SHNI-
Retail0.12x
|
|||
Bandhan Bank IPO dates
From the bidding window to listing. Today is 14 November.
- Open 15 Mar 2018
- Close 19 Mar 2018
- Allotment 22 Mar 2018
- Refund/credit 23 Mar 2018
- Listing 27 Mar 2018
Anchor investor allocation
Shares allotted to anchor investors the working day before the issue opened.
What does this subscription data mean?
IPO subscription data tells you how much demand exists for the shares being offered, broken down by investor category. Understanding each category helps you gauge the real sentiment behind the numbers:
- 01 QIB (Qualified Institutional Buyers) — includes mutual funds, FIIs, insurance companies, and banks. QIBs do deep due diligence before bidding. A QIB subscription above 10x is a strong institutional endorsement. Watch QIB numbers closely on the final day — they often hold back and flood in after 3 PM.
- 02 NII / HNI (Non-Institutional Investors) — high-net-worth individuals bidding above ₹2 lakh. NII allotment is proportionate (not lottery), so higher NII subscription means smaller per-lot allotment. Big HNI (B-HNI) bids above ₹10 lakh; Small HNI (S-HNI) bids ₹2–10 lakh.
- 03 Retail — individual investors bidding up to ₹2 lakh. When retail is below 1x, everyone who applied gets full allotment. When oversubscribed, SEBI mandates a computerised lottery — only 1 lot per successful applicant regardless of how many lots you apply for.
- 04 Overall Subscription — a blended multiple across all categories. A total subscription above 10x is considered strong; above 50x is exceptional and usually predicts strong listing gains.
Data sourced from BSE/NSE. Subscription numbers are updated during bidding hours (10 AM – 5 PM IST) on active subscription days.
Frequently asked
What is the current subscription status of Bandhan Bank IPO?
As of IPO close date (19 Mar, 2018), the Bandhan Bank IPO is subscribed 14.56x times. Retail category is 1.06x, and NII is 13.89x subscribed.
When is the allotment date for Bandhan Bank IPO?
The allotment for Bandhan Bank IPO is expected to be finalized on 22 March, 2018.
What is the GMP of Bandhan Bank?
The Grey Market Premium (GMP) for Bandhan Bank is currently ₹32.5, indicating a potential listing gain of 9%.
When will Bandhan Bank IPO list on the stock market?
Bandhan Bank is scheduled to list on BSE and NSE on 27 March, 2018.
What are the chances of getting allotment in Bandhan Bank IPO?
The retail category is oversubscribed at 1.06x, meaning allotment is by lottery. Statistically, approximately 1 in 2 applicants will receive allotment. Applying with multiple family member accounts (each at minimum lot size) improves your cumulative odds.
What does QIB subscription of 38.68x mean for Bandhan Bank IPO?
Strong — QIBs (mutual funds, FIIs, insurance companies) have subscribed 38.68x, indicating high institutional conviction. Heavy QIB demand is historically one of the strongest predictors of a positive listing.
How to check Bandhan Bank IPO allotment status?
After the allotment date (22 Mar, 2018), you can check your Bandhan Bank IPO allotment status on IPO Guru's allotment checker, on the BSE/NSE website using your PAN or application number, or through your broker's app.
Explore Bandhan Bank IPO further
Track every stage of this IPO, from subscription to listing.
It has listed — go back to the fundamentals.
Live grey market premium, Kostak and Subject to Sauda, with the day-wise trend.
What brokers and analysts are saying about this issue, in one place.
Check with your PAN whether shares were credited to your demat account.
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Not investment advice. Subscription figures are as published by BSE/NSE and change until bidding closes.
