Bandhan Bank becomes eighth most valued Indian bank after bumper IPO

Bandhan Bank becomes eighth most valued Indian bank after bumper IPO

Photo: Mint

Shares of Bandhan Bank Ltd listed at a 27% premium on the bourses on Tuesday, and made a mark to be the eighth most valued bank, overtaking the likes of Bank of Baroda and Punjab National Bank after its Rs4,470 crore initial public offer (IPO), the largest ever by a bank, was subscribed 14.63 times last week.

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