Bandhan Bank Limited which is tapping the capital markets with its simultaneous issue completed allocation to anchor investors. The company is issuing 9,76,63,910 new shares and selling 1,40,50,780 shares through the offer for sale route. The price band is Rs 370-375.

The company allotted 3,57,84,147 shares to 65 anchor investors comprising of 94 entities. The price band is Rs 370-375 and the issue is valued at a price earnings multiple of 36.45 to to 36.95 times based on March 2017 earnings of Rs 10.15. the price to book is even more at 9.23 times based on the NAV of Rs 40.60.

There is a fancy for the stock and once that happens, valuations go for a toss. The issue has opened on Thursday the 15th of March and would close on Monday the 19th of March.

The full list of anchor investors is given below: –