Bandhan Bank has become one of the top 50 most valuable publicly traded institutions in India. The market capitalization of the bank touched Rs 64,000 crore, which is the 50th rank. Tata Consultancy Services is the most valuable company in India, followed by Reliance Industries and HDFC Bank. Bandhan Bank had raised Rs 4500 crore through an IPO in March after setting the pricing at Rs375 per share. That was at the upper end of a price range of Rs 370 to Rs 375 per share. The IPO had attracted orders worth 14.63 times the number of available shares. The shares had gained 42.81%, outstripping CNX Bank Nifty which rose 3.8% in that period. As of 31 December, the bank’s deposits and gross advances stood at Rs25,294 crore and Rs24,364 crore, respectively.
