The initial public offering of private sector lender RBL Bank garnered 66 per cent subscription today on the first day of the issue.
The public issue received bids for 2.51 crore shares as against 3.79 crore on offer, as per the information available with the stock exchanges till 17 hours.
The quota reserved for retail investors witnessed a subscription of 87 per cent, while the high networth individuals (HNIs) portion subscribed 19.22 per cent.
Besides, shares reserved for qualified institutional buyers (QIBs) saw a subscription of 66.22 per cent.
The company, yesterday, raised Rs 364 crore by allotting over 1.61 crore shares to anchor investors at Rs 225 apiece.
The share sale, accounting for 10-11 per cent stake, would give the bank a valuation of over Rs 12,000 crore.
Kotak Mahindra Capital, Axis Capital, Citigroup, Morgan Stanley are global merchant bankers for the deal, while HDFC Bank, ICICI Securities, IDFC Securities, IIFL and SBI Caps are the lead managers for the local market.
The public issue received bids for 2.51 crore shares as against 3.79 crore on offer, as per the information available with the stock exchanges till 17 hours.
The quota reserved for retail investors witnessed a subscription of 87 per cent, while the high networth individuals (HNIs) portion subscribed 19.22 per cent.
Besides, shares reserved for qualified institutional buyers (QIBs) saw a subscription of 66.22 per cent.
The company, yesterday, raised Rs 364 crore by allotting over 1.61 crore shares to anchor investors at Rs 225 apiece.
The share sale, accounting for 10-11 per cent stake, would give the bank a valuation of over Rs 12,000 crore.
Kotak Mahindra Capital, Axis Capital, Citigroup, Morgan Stanley are global merchant bankers for the deal, while HDFC Bank, ICICI Securities, IDFC Securities, IIFL and SBI Caps are the lead managers for the local market.
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