Bandhan Bank shares made a strong debut on the bourses with the stock opening at Rs 485, a premium of 28.33 per cent against its issue price of Rs 375 on the BSE. On NSE, the stock listed at Rs 499, a premium of 33 per cent.

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The stock incurred further gains, touching at intraday high of 494.80 on the BSE.  

Bandhan Bank IPO, which was India's biggest ever initial public offering (IPO) by a bank, was oversubscribed by 14.6 times.

Bulk of the demand in the IPO came from institutional investors. The qualified institutional buyer (QIB) portion of the issue was subscribed 39 times. The non-institutional investor portion, commonly referred to as high-networth individual (HNI) quota, was subscribed 14 times, with most of the bids in the segment coming from 'corporates'. The retail portion, however, failed to garner much demand with the portion seeing just 1.2 times subscription.   

The bank proposed to raise Rs 4500 crore from the IPO, primarily to raise capital base and allow part exit of one of its existing shareholders IFC. 

After migrating from only micro-financing activity, the bank now adopted a unique model of entering normal banking services after getting the in-principle license from the RBI. 

This retail banking network has grown to 864 bank branches and 386 ATMs as of 30 September 2017. 

The bank's network is particularly strong in east and northeast India, with West Bengal, Assam and Bihar together accounting for 57.75 per and 58.13 per cent of branches and door step services (DSC) respectively.