considering an eps of 10 it is coming at high pe of 37.5. I think it could list in red.Better to avoid.Aster is digging every day new low.Today 162.6.Next would be galaxy.
As per this report issue price comes to around 209 and not 330+ ** Private sector lender Bandhan Bank has received markets regulator Sebi''s go ahead to raise an estimated amount of over Rs 2,500 crore through an initial share sale. The Kolkata-based bank had filed draft papers with Sebi on January 1 and obtained "observations" from the regulator on February 28, as per the latest update with the markets watchdog. Sebi''s "observations" are very important for any company to launch public issues like initial public offer (IPO) and rights issue. According to the draft papers, Bandhan Bank''s IPO comprises fresh issue of up to 9,76,63,910 equity shares and an offer for sale of up to 1,40,50,780 scrips by International Finance Corporation (IFC) and up to 75,65,804 shares by IFC FIG Investment Company.
Peer group in RHP is given as mainstream banks. And I''m aware that the operation have evolved to full banking since almost 2 years.
But seeing the background of the company, wouldn''t it be better to compare with MFIs or small finance companies rather than big and established banks?
And another related question to those who have the industry knowledge - will it be able to compete in such an already crowded space? Banks today are looking like mobile service providers a decade back - too many to be able to survive.
Any thoughts would be greatly appreciated. Thanks.
Alongwith Bandhan Bank Ltd , Sandhar Technologies, the auto component maker, also received regulatory approval . The question is whether Sandhar will be fortunate this time . This is the second time the company is obtaining regulatory approval. First time the approval was allowed to lapse.
There will be confirmed allotment in retail as retail size is 1400 crore. If you have spare money and long horizon, you can apply. Listing gain will not too much or it will depend on QIB participation. HNI numbers will not driving force for this IPO.
No possibility of firm allotment. As per available quantity for retailers, about 10 L applications can be allotted one lot but as per present trend there will be at least 20 L applications. So two times subscription. Moreover, if price is reduced, subscription will further increase.