RBL Bank IPO Issue size, listing, price band, net profit, EPS, revenues, NPAs, and other details you need to know

RBL Bank is all set to hit the primary capital market with planning to raise aroud Rs 1212 crore. The issue comprises fresh issue of equity shares by the bank aggregating up to Rs 832.5 crore and an offer for sale up to 16,909,628 equity shares. he shares will be listed on both BSE and NSE.

RBL Bank IPO price band has been fixed between Rs. 224 and Rs. 225 per equity share.

RBL Bank (formerly Ratnakar Bank Limited) is all set to hit the primary market with its initial public offering (IPO) of equity shares soon, after the capital markets regulator late last month cleared the private lender’s public issue.

The book running lead managers to the issue are Kotak Mahindra Capital Company, Axis Capital, Citigroup Global Markets India, Morgan Stanley India, HDFC Bank, ICICI Securities, IDFC Securities, IIFL Holdings and SBI Capital Markets.
The bank had filed the draft prospectus with the regulator on June 23, 2015.
Kolhapur-based RBL Bank had raised Rs. 488 crore in pre-IPO preferential placement of shares last December. The exercise was in accordance with its IPO document filed with the Securities and Exchange Board of India (Sebi) in June 2015. The shares were placed with international investors, including the Asian Development Bank (ADB) and CDC Group Plc.

The bank earned a net profit of Rs. 292.48 crore on revenues of Rs. 3,234.85 crore for the financial year 2015-16, up from Rs. 208.45 crore and Rs. 2,356.5 crore in the preceding financial year.

The diluted EPS was Rs.9.43 for 2015-16 as against Rs. 7 in 2014-15 (Diluted earnings per share reflect the potential dilution that could occur if contracts to issue equity shares were exercised or converted during the period).

Deposits and advances stood at Rs. 24,348 crore and Rs. 21,229 crore, respectively, as of March 31, 2016.

As of March 2016, RBL Bank had 197 branches and 362 ATMs across 13 Indian states.
The corporate office of RBL Bank is at One Indiabulls Centre, Tower 2B, 6th Floor, Lower Parel (W), Mumbai, while the registered office is at Shahupuri, Kolhapur.

RBL Bank IPO Issue Detail:

  • Price Band: Rs. 224-225 per share
  • Issue Open: Opens on Aug 19, 2016 And closes on Aug 23, 2016
  • Issue Type: Book Built Issue IPO
  • Bid Lot: 65 equity shares or multiples thereof
  • Overall Issue Size: 5,39,09,628–5,40,74,806 shares
  • Face Value: Rs. 10 Per Equity Share
  • Retail Portion: 35 percent of the public issue (1,88,68,370 – 1,89,26,183 shares)
  • Listing on: BSE and NSE

Summary of RBL Bank:

  • Type: Private Bank
  • Industry: Banking & Financial services
  • Founded: August 1943
  • Key people: Vishwavir Ahuja, MD and CEO
  • Net income: ₹207 crore (US$31 million) (2015)
  • Number of employees: 3411 (as on February 2016)
  • Website: http://www.rblbank.com/