RBL Bank Limited

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RBL Bank Limited Name of the Issue: RBL Bank Limited 1 Type of Issue (IPO / FPO) IPO 2 Issue Size (Rs. Cr) 1212.97* * Bank has made a pre-IPO placement of 25,000,000 Equity Shares to certain investors at Rs. 195 per Equity share Source: Prospectus dated August 24, 2016 3 Grade of issue along with name of the rating agency Name Not Applicable Grade Not Applicable 4 Subscription Level (Number of times) 69.92 *Notes 1) The above figures are net of cheque returns, after technical rejections and withdrawals and excluding investment by Anchor Investors 2) Amount of subscription includes all bids received within the price band of Rs. 224 to Rs. 225 per Equity Share Source: Basis of allotment 5 QIB Holding (as a % of outstanding capital) as disclosed to stock exchanges Particulars %age (i) On Allotment (1) 3.24% (ii) at the end of the 1st Quarter immediately after the listing of the issue (September 30, 2016) * 24.39% (iii) at the end of 1st FY (March 31, 2017) * 21.55% (iv) at the end of 2nd FY (March 31, 2018) * 32.50% (v) at the end of 3rd FY (March 31, 2019) 43.42% Source: (1) Basis of Allotment (excluding pre-issue QIB holding) * Stock exchange filings 6 Financials of the issuer Standalone (In Rs. Crore) Parameters 1st FY (FY 2017) 2nd FY (FY 2018) 3rd FY (FY 2019) Net Sales/ Income from operations 3713.16 4507.57 6,300.71 Net Profit 446.05 635.09 866.95 Paid-up equity share capital 375.2 419.67 426.71 Reserves excluding revaluation reserves 3959.41 6263.36 71,197.00 (1) Financials not disclosed as reporting for the fiscal year has not been completed Consolidated (In Rs. Crore) Parameters 1st FY (FY 2017) 2nd FY (FY 2018) 3rd FY (FY 2019) Net Sales/ Income from operations 3713.16 4561.48 6302.08 Net Profit 446.81 631.69 857.83 Paid-up equity share capital 375.2 419.67 426.71 Reserves excluding revaluation reserves 3960.17 6259.95 7107.17 7 Trading Status in the scrip of the issuer Company's Equity Shares are listed on both the BSE Limited and the National Stock Exchange of India Limited ("NSE"). Particulars Status (i) at the end of 1st FY (FY 2017) Frequently traded (ii) at the end of 2nd FY (FY 2018) Frequently traded (iii) at the end of 3rd FY (FY 2019) Frequently traded 8 Change in Directors of issuer from the disclosures in the offer document Particulars Name of the Director Appointed / Resigned During year ended March 31, 2017 Mr. Rajesh Kumar Cessation Appointment as executive Mr. Rajeev Ahuja Director During year ended March 31, 2018 Mr. Rajesh Kumar Cessation Mr Girish Godbole Cessation During year ended March 31, 2019 (1) Mr. Vijay Mahajan Appointed as Additional Director Appointed as Non-Executive Mr. Prakash Chandra Independent Director Mr Narayan Ramachandran Cessation Completed his tenure of eight Mr. Vimal Bhandari years Mr. Rama Bijapurkar Cessation 9 Status of implementation of project/ commencement of commercial production The objects of the Fresh Issue were to augment Bank’s Tier-I capital base to meet Bank’s future capital requirements which are expected to arise out of growth in Bank’s assets, primarily Bank’s (i) Details of Estimated Schedule of Implementation of Projects forming part of Objects of the Issue loans/advances and investment portfolio, and to ensure compliance with Basel III and other RBI guidelines..The Bank currently proposes to deploy the Net Proceeds in the Fiscal 2017 (ii) Actual implementation Utilised for Capital augumentation (iii) Reasons for delay in implementation, if any Not Available* *Since the fiscal year has not been completed 10 Status of utilization of net proceeds from fresh issue (i) as disclosed in the offer document (in Rs. crores) 764.25 (ii) Actual utilization 764.25 (iii) Reasons for deviation, if any NA 11 Comments of monitoring agency, if applicable Not Applicable (a) Comments on use of funds (b) Comments on deviation, if any, in the use of proceeds of the issue from the objects stated in the offer document (c) Any other reservations expressed by the monitoring agency about the end use of funds 12 Pricing Data Issue Price (Rs.) 225 Designated Stock Exchange NSE As at the end of FY 2017 Close of 30th calendar day Close of 90th calendar day At close of listing day i.e. Price parameters from listing day (Sep 30, 2016) from listing day (Nov 29, August 31, 2016 (1) 2016) (1) High (during the Low (during Closing Price year) the year) Market Price on Designated Stock Exchange 299.40 291.20 359.65 494.55 501.00 285.90 S&P CNX Nifty 8,786.20 8,611.15 8,142.15 9,173.75 9,173.75 7,546.45 (1) Price information not disclosed as reporting for the fiscal year has not been completed As at the end of FY 2018 As at the end of FY 2019 Price parameters Low High Low High Closing price Closing price (during the (during the FY) (during the FY) (during the FY) FY) Market Price on Designated Stock Exchange 937.7 1,393.6 903.4 599.7 1,171.2 512.4 S&P CNX Nifty 10,113.7 11,130.4 9,103.5 11,623.9 11,738.5 10,030.0 Note: Note: High & Low of the closing prices have been considered 13 Basis for Issue Price As disclosed in the offer At the end of 1st FY (FY At the end of 1st At the end of 1st Accounting ratio document (1) 2017) FY (FY 2018) FY (FY 2019) Company: RBL Bank Ltd Issuer 9.6 12.59 15.70 20.25 Peer Group : Yes Bank Limited 60.39 78.89 18.46 7.40 EPS (2) Indusind Bank Limited 39.68 48.06 60.19 Not available Kotak Mahindra Bank Limited 18.91 18.57 21.54 37.78 City Union Bank Limited 7.44 8.39 9.18 9.57 DCB Bank Limited 6.86 7.01 8.02 10.53 Industry Average Not available Not available Not available Not available Issuer 23.44 39.28 59.38 29.77 Peer Group Yes Bank Limited 19.59 19.51 16.51 37.28 Indusind Bank Limited 29.14 29.65 29.85 Not available P/E Kotak Mahindra Bank Limited 40.42 46.97 32.70 35.45 City Union Bank Limited 16.85 18.07 18.79 21.58 DCB Bank Limited 14.65 24.29 20.14 8.81 Industry Average 24.13 27.70 23.60 Not available Issuer 9.79% 10.29% 9.50% 11.43% Peer Group Yes Bank Limited 18.38% 15.15% 16.44% 6.36% Indusind Bank Limited 13.20% 14.15% 15.36% Not available RoNW Kotak Mahindra Bank Limited 10.37% 12.83% 12.28% 12.53% City Union Bank Limited 14.57% 14.08% 14.22% 14.11 DCB Bank Limited 11.18% 10.26% 9.60% 11.34% Industry Average 12.92% 12.79% 13.58% Not available Issuer 92.02 122.34 159.24 176.56 Peer Group Yes Bank Limited 327.26 522.12 111.82 116.14 Indusind Bank Limited 291.02 339.71 391.18 Not available NAV per share based on balance sheet Kotak Mahindra Bank Limited 181.86 144.68 264.93 302.71 City Union Bank Limited 51.02 59.58 62.63 65.91 DCB Bank Limited 61.19 68.33 82.96 92.72 Industry Average Not available Not available Not available Not available Notes: 1) Sourced from the Prospectus dated Aug 24, 2016 (2) Basic EPS as disclosed in the Prospectus dated Aug 24, 2016 14 Any other material information Information Date Intimation regarding a Press Release dated September 30, 2016 titled "RBL Bank acquires 9.99% stake in September 30, 2016 Utkarsh Micro Finance Ltd". Informed the Stock Exchange that it has entered into an agreement with Bajaj Finance Limited on November 23, 2016 for launching a series of co-branded credit cards in partnership for the Indian market. November 23, 2016 These co-branded credit cards are proposed to be launched in December 2016. Intimation about press release " RBL Bank opens IFSC Banking Unit ( IBU) at GIFT City" April 06, 2017 Board of Directors approved issue of Debt Securities on Private Placement vide their meeting held on May May 02, 2017 02, 2017 Board of Directors approved proposal to allot 3,26,21,354 equity shares on preferential basis to one or July 07, 2017 more investors at a price of Rs. 515/- per equity share Allotment of 3,26,21,354 equity shares on preferential basis at a price of Rs. 515/- per equity share as August 09, 2017 approved vide the meeting of the Board of Directors held on July 07, 2017 RBL Bank intimates the exchange regarding the Strike on August 22, 2017 August 21, 2017 Appointment of Mr. Bhaskar Niyogi as the Chief Risk Officer (CRO) w.e.f August 22, 2017 August 22, 2017 Intimation regarding a press release dated September 07, 2017, titled "RBL Bank launches a Unique Digital September 08, 2017 Solution for LIC MF Customers ". Intimated change in the Corporate Identification Number (CIN) to reflect listing status September 28, 2017 October 03, 2017 & October 04, Intimation regarding revision in the ratings by the rating agencies 2017 Completed acquisition of more than 50% of the paid-up equity share capital of Swadhaar Finserve Private November 09, 2017 Limited (Swadhaar) thereby making it a subsidiary of the Bank Acquired additional 2.08% stake in Swadhaar FinServe Private Limited (“Swadhaar”) and thereby November 15, 2017 increased its shareholding in Swadhaar to 60.48% on November 14, 2017.
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