RBL Bank Ltd IPO (RBL Bank IPO) Detail

Incorporated in 1943 as a regional bank in Maharashtra, RBL Bank Ltd is a Mumbai India based private sector bank offering range of banking products and services to large corporations, SMEs, agricultural customers, retail customers and development banking & financial inclusion (low income) customers.
As of March 31, 2016, RBL had 197 branches and 362 ATMs spread across 16 Indian states serving over 1.9 million customers.Information in this paragraph is taken from chittorgarh.com, India's No. 1 IPO Investment Portal.
RBL acquired certain Indian businesses of the Royal Bank of Scotland (RBS), including the RBS's business banking, credit card and mortgage portfolio businesses, in 2014.
RBL's business segments consist of corporate and institutional banking, commercial banking, branch and business banking, agribusiness banking, development banking and financial inclusion and treasury and financial markets operations.Discuss this IPO on Chittorgarh.com, the most active IPO discussion forum.
RBL's Competitive Strengths:
1. Client focused approach to business resulting in growing brand recognition
2. Robust multi-channel distribution system
3. Partnerships that expand reach in rural markets
4. Growing net interest and non-interest income
5. Risk management and balance sheet focus
6. Modern and scalable information technology systems infrastructure
7. Focus on operational quality and scalability

Company Promoters:

RBL is a professionally managed company and does not have an identifiable promoter in terms of the SEBI Regulations and the Companies Act, 2013. Consequently, it has no 'promoter group' nor any 'group companies' in terms of the SEBI Regulations.

Company Financials:

Summary of financial Information

Particulars	For the year/period ended (in Rs. Million)
	31-Mar-16	31-Mar-15	31-Mar-14	31-Mar-13	31-Mar-12
Total Assets	391,600.91	271,036.49	181,970.77	129,622.74	72,072.67
Total Revenue	32,348.50	23,564.94	16,125.88	10,057.61	5,322.16
Profit After Tax (PAT)	2,968.02	2,084.51	928.88	925.28	657.43

Objects of the Issue:

The public issue comprises a fresh Issue and an offer for sale by the selling shareholders. Information in this section is taken from chittorgarh.com, India's No 1 IPO Investment Portal.
1. The Offer for Sale
RBL Bank will not receive any proceeds from the Offer for Sale.
2. The Fresh Issue
The proceeds from the fresh issue will be utilised towards the following objects:
A. Augment capital base to meet Bank's future capital requirements ;
B. Enhance their visibility and brand name among existing and potential customers.;
C. General corporate purposes.

Issue Detail:

  »»  Issue Open: Aug 19, 2016 - Aug 23, 2016
  »»  Issue Type: Book Built Issue IPO
  »»  Issue Size:
    ›  Fresh Issue of [.] Equity Shares of Rs 10 aggregating up to Rs 832.50 Cr
    ›  Offer for Sale of 16,909,628 Equity Shares of Rs 10 aggregating up to Rs [.] Cr
  »»  Face Value: Rs 10 Per Equity Share
  »»  Issue Price: Rs. 224 - Rs. 225 Per Equity Share
  »»  Market Lot: 65 Shares
  »»  Minimum Order Quantity: 65 Shares
  »»  Listing At: BSE, NSE

Issue Subscription Detail / Current Bidding Status

	Number of Times Issue is Subscribed (BSE + NSE)
As on Date & Time	QIB	NII	RII	Total
Shares Offered / Reserved	10,864,515	8,111,221	18,926,183	37,901,919
Day 1 - Aug 19, 2016 17:00 IST	0.6700	0.2000	0.8600	0.6600
Day 2 - Aug 22, 2016 17:00 IST	4.2800	1.0800	3.2600	3.0800
Day 3 - Aug 23, 2016 18:18 IST	85.0800	198.0600	5.7000	69.6200