MUMBAI, Aug 11: RBL Bank initial public offering (IPO) will open for subscrption on August 19, 2016. The Issue will close on August 23, 2016 The IPO consists of a fresh issue of shares totalling up to Rs 832.5 crore besides an OFS of up to 169,09,628 shares by a few selling shareholders. The price band for the IPO has been fixed between Rs 224 and Rs 225 per equity share. The Bank made a pre-IPO placement of 25,000,000 equity shares to the following investors at a price of Rs 195 per equity shares: CDC Group PLC (1,600,000 equity shares), DVI Fund (Mauritius) Limited (3,690,231 equity shares) and Rimco (Mauritius) Limited (3,301,521 equity shares) on October 31, 2015; and to Asian Development Bank (14,350,000 equity shares), CDC Group PLC (680,682 equity shares)and DVI Fund (Mauritius) Limited (1,377,566 equity shares) on December 16, 2015. The shares would be listed on the BSE and the NSE. The book running lead managers to the issue are Kotak Mahindra Capital Company, Axis Capital, Citigroup Global Markets India, Morgan Stanley India, HDFC Bank, ICICI Securities, IDFC Securities, IIFL Holdings and SBI Capital Markets. (AGENCIES)
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