RBL Bank IPO
RBL Bank IPO — date, price band, lot size & details 2016
RBL Bank listed on 31 Aug 2016 at ₹274.2, 21.9% above the ₹225 issue price.
RBL Bank is a Mumbai based private sector bank serving large corporates, SMEs, farmers, retail customers and low income households. Its total income was Rs 3,234.85 crore in FY2016.
Stock price
RBL Bank is listed — here is the live share price.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
Timetable
Key dates from opening to listing. Today is 14 November.
- Open 19 Aug 2016
- Close 23 Aug 2016
- Allotment 27 Aug 2016
- Refund/credit TBA
- Listing 31 Aug 2016
Issue summary
The terms of the offer, as filed.
| IPO Dates | 19 to 23 Aug, 2016 |
|---|---|
| Price Band | ₹224 – ₹225 |
| Face Value | ₹10 |
| Lot Size | 65 Shares |
| Issue Size | ₹1212.97 Cr |
| Sale Type | Fresh capital cum OFS |
| Listing On | BSE, NSE |
| Registrar | MUFG Intime India Private Limited |
| Min Investment | ₹ 14,625 |
Share of the offer set aside for each investor category, as stated in the offer document.
What will it cost me?
Bidding is in multiples of 65 shares at the ₹225 cut-off. Drag to size your application.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 65 | ₹14,625 |
| Retail (max) | 13 | 845 | ₹1,90,125 |
| S-HNI (min) | 14 | 910 | ₹2,04,750 |
| S-HNI (max) | 68 | 4,420 | ₹9,94,500 |
| B-HNI (min) | 69 | 4,485 | ₹10,09,125 |
Strengths & risks
Drawn from the offer document — the case for and against, side by side.
Strengths · 4
- 01Total income rose from Rs 1,612.59 crore in FY2014 to Rs 3,234.85 crore in FY2016.
- 02Profit after tax rose from Rs 92.67 crore in FY2014 to Rs 292.49 crore in FY2016.
- 03Total assets grew from Rs 18,197.08 crore in FY2014 to Rs 39,160.09 crore in FY2016.
- 04Rs 764.25 crore of the issue was to augment Tier I capital.
Risks · 5
- 01Total borrowing rose from Rs 3,895.54 crore in FY2014 to Rs 10,536.22 crore in FY2016.
- 02Fast loan growth can bring bad loans later; net worth was Rs 2,988.24 crore against assets of Rs 39,160.09 crore.
- 03With 197 branches it is small against larger private banks, so deposit costs can be higher.
- 04Rs 380.47 crore of the issue went to selling shareholders.
- 05It has no identifiable promoter, so control rests with institutional shareholders; profit was Rs 207.18 crore in FY2015.
Three years of numbers
All figures in ₹ crore, as reported in the RBL Bank offer document.
| Metric | 31 Mar 2016 | 31 Mar 2015 | 31 Mar 2014 |
|---|---|---|---|
| Assets | 39,160.09 | 27,103.65 | 18,197.08 |
| Total Income | 3,234.85 | 2,356.49 | 1,612.59 |
| Profit After Tax | 292.49 | 207.18 | 92.67 |
| NET Worth | 2,988.24 | 2,229.40 | 2,013.70 |
| Reserves and Surplus | 2,663.51 | 1,935.95 | 1,612.16 |
| Total Borrowing | 10,536.22 | 6,962.70 | 3,895.54 |
See how this IPO compares — view listing performance of all mainboard IPOs.
Where the money goes
₹832.50 Cr of the issue is earmarked to named objects.
RBL Bank IPO Anchor Investors
25 anchor investors across 17 fund houses committed ₹363.89 Cr a day before the issue opened.
Anchor investors bid a day before the issue opens and are locked in after allotment, so a book weighted towards domestic mutual funds is generally read as a stronger signal than one filled by short-horizon funds. Browse every anchor investor scheme or fund house we track.
About the company
It offers banking products and services to large corporations, SMEs, agricultural customers, retail customers, and development banking and financial inclusion customers.
As of 31 March 2016 it had 197 branches and 362 ATMs across 16 states, serving over 1.9 million customers.
The IPO was Rs 1,212.97 crore, with Rs 832.50 crore of fresh issue and Rs 380.47 crore of offer for sale, at Rs 225, the top of the Rs 224 to Rs 225 band. The fresh money was to augment its Tier I capital for growth and Basel III.
Interested in this IPO? Check the live subscription status or browse all upcoming mainboard IPOs.
The bankers & the filings
Who is running the book, and the documents this page is built from.
RBL Bank IPO Documents
Read the filings this page is built from.
Lead Manager Track Record
How the book-running lead managers on this issue have priced their past IPOs, measured on listing day.
SBI Capital Markets Ltd.
141 issues handledBest listing: Bajaj Housing Finance (+114.3%). Weakest: ICICI Securities (-16.3%).
Axis Capital
255 issues handledBest listing: Latent View Analytics (+160.0%). Weakest: Shriram Properties (-23.7%).
ICICI Securities
221 issues handledBest listing: Latent View Analytics (+160.0%). Weakest: Bannari Amman Spinning Mills (-25.2%).
Kotak Mahindra Capital Company Limited
204 issues handledBest listing: Premier Energies (+120.0%). Weakest: Puravankara Projects (-22.5%).
IIFL Capital Services Limited
146 issues handledBest listing: Unicommerce eSolutions (+117.6%). Weakest: ICICI Securities (-16.3%).
Dam Capital Advisors Ltd
70 issues handledBest listing: Go Colors (+89.9%). Weakest: Metro Brands (-12.6%).
HDFC Bank Limited
34 issues handledBest listing: G R Infraprojects (+105.0%). Weakest: Precision Camshafts (-11.3%).
Morgan Stanley India Co. Pvt. Ltd
36 issues handledBest listing: Nykaa (+79.4%). Weakest: KSK Energy Ventures (-12.5%).
Citigroup Global Markets India Pvt. Ltd
74 issues handledBest listing: Tata Technologies (+140.0%). Weakest: Puravankara Projects (-22.5%).
Listing gain compares the listing-day opening price with the issue price, using the IPOs on IPO Guru that this lead manager has taken to market. A strong record reflects how the banker has priced past issues — it is not a forecast for this one. See every issue they have handled on the lead managers page.
Company contact
Frequently asked
What is the GMP of RBL Bank?
The current Grey Market Premium is ₹0.
What is the RBL Bank IPO price band?
₹224 to ₹225, on a face value of ₹10.
When is the allotment?
The basis of allotment is 27 August 2016, with listing on 31 August 2016.
How do I check allotment status?
On the IPO Guru allotment page or on the registrar's site — MUFG Intime India Private Limited.
Every number here traces back to a filing.
IPO Guru tracks GMP, subscription and allotment for every Mainboard and SME issue. Every number on this page is sourced from the RHP, BSE & NSE.
Not investment advice. Grey market premium is an unofficial, unregulated indicator and is not a forecast.
