Details of the very soon to be launched IPO of RBL Bank


This is a last and final call for all investors who want to enter in or exit from shares of private sector RBL Bank (Ratnakar Bank) as the bank will launch its initial public offer (IPO) very soon.

If you want to buy shares of RBL Bank, this is the last chance as the IPO is likely to see huge demand from investors and will be heavily oversubscribed and hence, investors will not get desired quantity. Those who want to sell also, this is the last chance as all shares will go for one year lock-in, meaning you can’t sell shares. Unlisted shares of the bank have been traded in Rs 45 to Rs 230 per share range in the past 3-4 years.

For buying and selling physical/demat unlisted/delisted shares of RBL Bank and all other companies at best rates and quality service, please contact call on 8108234400 or email on

RBL Bank will become the first bank to list on stock exchanges in nearly six years. The bank’s FY 2016 EPS is Rs 9. FY 2016 book value is Rs 90. Expected IPO price is near Rs 225 per share.

RBL Bank received a conditional approval from capital markets regulator Securities and Exchange Board of India (Sebi) for the IPO last month. The bank is said to have conducted roadshows across Asia-Pacific, the US and the UK. The bank, which is looking to raise Rs 1,300-1,500 crore after meeting all regulatory and statutory requirements, has now begun marketing the IPO to domestic investors as well.

Kotak Investment Banking, Citigroup Global Markets, Axis Capital, Morgan Stanley India, ICICI Securities, IIFL Holdings, IDFC Securities, SBI Capital Markets and the investment banking division of HDFC Bank are the merchant bankers managing the issue.

On 21 December 2015, RBL Bank reportedly raised Rs 488 crore in a pre-IPO round of fundraising. The private lender raised the funds from international investors, including the Asian Development Bank (ADB) and the UK government’s development finance arm CDC Group Plc, among others. Shares were issued to these investors at Rs 195 per share.

Over the last three years, global and local private equity and development funds have invested more than Rs 1400 crore in the bank in three tranches. Housing Development Finance Corp. Ltd (HDFC), Norwest Venture Partners, Samara Capital, Beacon Capital, Faering Capital, TVS Shriram, Cartica Capital, Ascent Capital, Aditya Birla Private Equity, IDFC’s Spice Fund and ICICI’s Emerging India Fund are among its shareholders.

Though RBL Bank is an old private sector bank established in 1943, it has accelerated its growth under a new management, led by managing director and chief executive officer Vishwavir Ahuja since 2010. In the last three years, the bank has shed its regional image, opened branches and attracted new investors.


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