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Shares of Bandhan Bank made a stellar debut on the bourses today, surging 33 per cent against the issue price of Rs 375.
The stock got listed at Rs 485, a sharp gain of 29.33 per cent, against the issue price on the BSE. On the NSE, shares of the company opened the day at Rs 499, a premium of 33 per cent.
The company has a market valuation of Rs 56,914.69 crore.The Rs 4,473-crore initial public offer of Bandhan Bank was subscribed 14.62 times during the issue period from March 15-19.
Price band for the offer was fixed at Rs 370 to Rs 375. Kotak Mahindra Capital Company, Axis Capital, Goldman Sachs (India) Securities, JM Financial and J P Morgan India managed the issue.
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