Draft Prospectus with SEBI

Red Herring Prospectus

RBL Bank IPO Rating

RBL Bank Ltd IPO (RBL Bank IPO) Detail

Aug 19, 2016 - Aug 23, 2016

IPO Detail

IPO News

IPO Events

Allotment Status

Basis of Allotment

1098
4.1
Rating:

Incorporated in 1943 as a regional bank in Maharashtra, RBL Bank Ltd is a

Mumbai India based private sector bank offering range of banking products and
services to large corporations, SMEs, agricultural customers, retail customers and
development banking & financial inclusion (low income) customers.
As of March 31, 2016, RBL had 197 branches and 362 ATMs spread across 16
Indian states serving over 1.9 million customers.Information in this paragraph is
taken from chittorgarh.com, India's No. 1 IPO Investment Portal.
RBL acquired certain Indian businesses of the Royal Bank of Scotland (RBS),
including the RBS's business banking, credit card and mortgage portfolio
businesses, in 2014.
RBL's business segments consist of corporate and institutional banking,
commercial banking, branch and business banking, agribusiness banking,
development banking and financial inclusion and treasury and financial markets
operations.Discuss this IPO on Chittorgarh.com, the most active IPO discussion
forum.
RBL's Competitive Strengths:
1. Client focused approach to business resulting in growing brand recognition
2. Robust multi-channel distribution system
3. Partnerships that expand reach in rural markets
4. Growing net interest and non-interest income
5. Risk management and balance sheet focus
6. Modern and scalable information technology systems infrastructure
7. Focus on operational quality and scalability
Company Promoters:
RBL is a professionally managed company and does not have an identifiable
promoter in terms of the SEBI Regulations and the Companies Act, 2013.
Consequently, it has no 'promoter group' nor any 'group companies' in terms of the
SEBI Regulations.
Company Financials:

Particulars
Total Assets
Total Revenue
Profit After Tax
(PAT)

Summary of financial Information

For the year/period ended (in Rs. Million)
31-Mar-16 31-Mar-15 31-Mar-14 31-Mar-13 31-Mar-12
391,600.91 271,036.49 181,970.77 129,622.74 72,072.67
32,348.50 23,564.94 16,125.88 10,057.61 5,322.16
2,968.02

2,084.51

928.88

925.28

657.43

Objects of the Issue:

The public issue comprises a fresh Issue and an offer for sale by the selling
shareholders. Information in this section is taken from chittorgarh.com, India's No
1 IPO Investment Portal.
1. The Offer for Sale
RBL Bank will not receive any proceeds from the Offer for Sale.
2. The Fresh Issue
The proceeds from the fresh issue will be utilised towards the following objects:
A. Augment capital base to meet Bank's future capital requirements ;
B. Enhance their visibility and brand name among existing and potential
customers.;
C. General corporate purposes.
Issue Detail:
Issue Open: Aug 19, 2016 - Aug 23, 2016
Issue Type: Book Built Issue IPO
Issue Size:
Fresh Issue of [.] Equity Shares of Rs 10 aggregating up to Rs 832.50 Cr
Offer for Sale of 16,909,628 Equity Shares of Rs 10 aggregating up to Rs [.]
Cr
Face Value: Rs 10 Per Equity Share
Issue Price: Rs. 224 - Rs. 225 Per Equity Share
Market Lot: 65 Shares
Minimum Order Quantity: 65 Shares
Listing At: BSE, NSE
RBL Bank IPO Prospectus

RBL Bank IPO News Alerts

1.
Tuesday, August 23, 2016 12:00:00 AM
RBL Bank Ltd IPO - Close
2.

Friday, August 19, 2016 12:00:00 AM

RBL Bank Ltd IPO - Open

Company Contact Information

RBL Bank Ltd
RBL Bank Ltd,
1 st Lane, Shahupuri,
Kolhapur - 416 001
Phone: +91 231 6650 214
Fax: +91 231 2657 386
Email: ipo@rblbank.com
Website: http://www.rblbank.com
RBL Bank IPO Registrar
Link Intime India Private Ltd Report
Link Intime India Private Ltd,
C-13 Pannalal Silk Mills Compound,
LBS Marg, Bhandup West, Mumbai 400078
Phone: +91-22-25963838
Fax: +91-22-25946969
Email: rbl.ipo@linkintime.co.in
Website: http://www.linkintime.co.in
RBL Bank IPO Lead Manager(s)
1. Axis Bank Limited Report
2. Citigroup Global Markets India Private Limited Report
3. HDFC Bank Limited Report
4. ICICI Securities Limited Report
5. IDFC Securities Limited Report
6. IIFL Holdings Limited Report
7. Kotak Mahindra Capital Company Limited Report
8. Morgan Stanley India Company Pvt Ltd Report
9. SBI Capital Markets Limited Report
RBL Bank Limited (formerly known as The Ratnakar Bank limited) is a
scheduled commercial bank headquartered in the Kolhapur region of Maharashtra.
Founded in August 1943, RBL is one of the oldest private sector banks in India.
The Bank currently services approximately 19,00,000 customers and has a total
business size of over Rs. 45,000 Crores. It offers a range of banking products and
services categorized largely in 5 verticals - Corporate & Institutional Banking,
Commercial Banking, Retail Banking, Agri & Development Banking and
Financial Markets.[2] As of July 2015, ICRA has reaffirmed the rating of [ICRA]
A1+ to the Rs 2,250 Crore (Enhanced from Rs. 1,500 Crore) Certificates of
Deposits Programme of RBL Bank. It has also reaffirmed the rating of
[ICRA]MAA- with stable outlook on the Fixed Deposit Programme and the rating
of [ICRA] A1+ to the Short Term Fixed Deposits Programme of the bank. [3]
RBL Bank (formerly Ratnakar Bank Limited) is all set to hit the primary market
with its initial public offering (IPO) Issue Size Rs 1212.97 Crores opens on Aug

19, 2016 And closes on Aug 23, 2016, price band has been fixed between Rs. 224
and Rs. 225 per equity share.[1]
Contents

1 History

2 Financial Performance

3 Operations

4 Sectors

5 Products & Services

6 Initiatives

7 Awards & Recognition

8 Acquisitions

9 External links

10 References
History
In August 1943, Ratnakar Bank was incorporated as a small, regional bank in
Maharashtra with two branches in Kolhapur and Sangli. It was founded by a group
of eminent patriotic personalities to cater to the needs of small and medium
business merchants in the Kolhapur-Sangli belt. In August 1959, the Bank was
categorised as a "Scheduled Commercial Bank" within the meaning of the Reserve
Bank of India Act, 1934. In the banking circles, RBL Bank was often known as the
NH4 Bank,[4] since a majority of its business came from cities in and around the
1,235-kilometer-long National Highway that connected four of the 10 most
populous cities in India from Pune to Chennai.[citation needed]
In 2007, State Bank of Mauritius bought a 4.8% stake in the bank. Other
shareholders included Centrum Group and Indocean Fund.[5] In July, 2010, RBL
Bank underwent a transformation[6] during the difficult economic period following
the global financial crisis as well as the economic slowdown that followed in
India. The Bank inducted Mr. Vishwavir Ahuja[7] as the Managing Director &
CEO to transform the institution from an old private sector bank to a new-age
bank. The Bank also revamped the management by inducting professionals from
the banking, finance, agriculture and other related fields. Since then, RBL has
raised Rs. 700 Cr. in January 2011 and Rs. 328 Cr. in April 2014.[8][9] Investors
include World Bank body International Finance Corporation[10] Gaja Capital,
Norwest Venture Partners India,[11] Aditya Birla PE, Emerging India Fund, IDFC
Spice Fund and Ascent Capital and Capvent.[citation needed]
Financial Performance
Over the last three years, RBL has infused capital of over Rs. 1,500 Cr, from
domestic and global investors, taking the TIER 1 capital to approximately Rs.
2,000 Cr. In the year 2015-16, RBL registered a profit of INR 292 Cr, up 40% &
paid a dividend of 15%. As per the results declared in the fiscal year 2014-15,
RBL had a balance sheet growth of 49% and a 4-year CAGR of 70%.[12][13]
Operations
As of March 2016, RBL Bank has grown to a network of 193 branches and 362
ATMs[14] across 13 Indian states and Union Territories. In 2014, the bank
announced its plan to issue an IPO.[15]
Sectors
As a full service bank, RBL services large corporations, small and medium
enterprises (SMEs), agricultural customers, retail customers and development
banking & financial inclusion (low income) customers.[citation needed]
Products & Services

Accounts

Fixed Deposits

Credit Cards

Loans

Insurance

Internet Banking

Mobile Banking

Investment Services

Demat
Initiatives

Indias first credit card in association with the Indian Golf Union
(IGU)[16]

Shmart e-Wallet[17]

India Startup Club - With the Indian Governments campaigns like

Make in India and Startup India, RBL Bank launched the India Startup
Club, to service the end-to-end banking needs of the emerging
entrepreneurial community.[18]

Saksham - A financial literacy programme in collaboration with CDC

to provide education to 25,000 individuals and 300 villages in four
districts of Madhya Pradesh.[19] Another Saksham programme was run
in Ahmedabad in 2013.[20]

Swadhaar FinAccess (SFA) - In collaboration with Swadhaar

Information and Management Services, RBL Bank started a financial
literacy programme in Gujarat and Mumbai, which held a classroom
based financial literacy course for women from low income
communities.

Banking Partner for Delhi Daredevils [21]

Umeed 1000 Cyclathon - Held in 2015, this was a fundraiser event

in association with IIMPACT, the NGO established by alumni of IIM
Ahmedabad. Cycling enthusiast Jasmeet Singh cycled with few bank
employees for 1000 km. The Mumbai to Bangalore route raised Rs.23
Lakhs for children suffering from Retinoblastoma - a deadly form of
eye cancer. And Mumbai to Delhi route raised Rs.37 Lakhs for
providing primary education to empower young village girls in India.
[22][23][24][25]

Awards & Recognition

Featured at the 31st position in the Fortune Next 500 list of Indian
companies, 2015. Other companies included MakeMyTrip, IRCTC and
Redington.[26]

Recognised as a Global Growth Company, 2014 by World Economic

Forum[27][28]

Rated as Indias Best Bank (Growth) in the mid-sized bank segment A Business Today and KPMG study in 2012, 2013 & 2014[29]

Rated as the Fastest Growing Small Bank according to Business

World-PWC Best Bank Survey 2013 & 2014[30]

Ranked as the Best Bank in the Priority Sector Lending (Private

Sector), Dun & Bradstreet Banking Awards, 2014[31]

Rated as the Best Indian Banker (Small-Sized), Sunday Standards Best

Bankers Award, 2013[citation needed]

Winner of the Best Core Banking Project, India, 2012, Asian Banker
Technology Implementation Award[32]
Acquisitions
RBL Bank bought a part of the Indian business of the Royal Bank of Scotland
(RBS), India in 2013. The deal included business of banking and credit cards and
the mortgage portfolio, leading to 1.2 lakh customers of RBS, moving to RBL.[33]
[34][35]