India: Bandhan Bank's $690m IPO subscribed 15 times on strong debut

India: Bandhan Bank's $690m IPO subscribed 15 times on strong debut

Bandhan Bank. Photo: Mint

Bandhan Bank Ltd’s initial public offering (IPO) to raise 44.73 billion rupees ($686 million) was subscribed nearly 15 times on Monday as the biggest market debut ever by an Indian bank drew strong interest, mainly from institutional investors.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter