Bandhan Bank makes strong debut; ends at 27% premium against issue price

The stock listed at Rs 499, a 33% premium against its issue price of Rs 375 per share on the National Stock Exchange.

Bandhan Bank has made a strong debut at the bourses on Tuesday. The stocks listed at Rs 499, a 33% premium against its issue price of Rs 375 per share on the National Stock Exchange (NSE). On the BSE, the stock listed at Rs 485, 29% higher against its issue price.

Bandhan Bank stock ended at Rs 477 on the BSE and NSE. A combined 35.11 million shares changed hands on the counter on both the exchanges.

Bandhan Bank with a market value of Rs 571.59 billion stands at 53rd position in overall market capitalisation ranking, the BSE