Bandhan Bank, which got listed on the bourses today, settled at a premium of 27.16% over its issue price.  At the NSE, stock closed at Rs 476.85 a share as against issue price of Rs 375 a share.

Shares recorded a high of Rs 499 and a low of Rs 455 after opening at Rs 499 that is 33.07% premium over its issue price.

Bandhan Bank is a commercial bank focused on serving underbanked and underpenetrated markets in India. It has a banking license that permits to provide banking services pan-India across customer segments. It currently offers a variety of asset and liability products and services designed for micro banking and general banking, as well as other banking products and services to generate non-interest income.