NEW DELHI: The newly-listed Bandhan Bank climbed over 4 per cent early Friday ahead of its March quarterly results due later in the day.At 11.32 am, the bank traded at Rs 515 on the BSE, up 4.08 per cent.
The Kolkata-based private lender made a dream market debut exactly a month ago as the scrip got listed at Rs 499 on the NSE, a 33 per cent premium to the issue price of Rs 375.The bank's Rs 4,473-crore IPO, which concluded last month, was subscribed 14.62 times.For FY17 and FY16, it had a total income of Rs 4,320 crore and Rs 1,731 crore, respectively, and profit after tax (PAT) at Rs 1,111.95 crore and Rs 275.24 crore.Bandhan Bank is a commercial lender focused on serving under-banked and under-penetrated markets in India.
Incorporated on December 23, 2014, the lender started its operations on August 23 in 2015.