If grey market is giving 10% + premium, it is advisable to sell it off in grey market
Market is very volatile and ''trend is down.
Also NBFC/MFI conversion into regular bank has not been very successful. Recent example is IDFC bank. IDFC IPO was reasonably successful but after demerging IDFC bank from IDFC combined market capitalization has reduced drastically. Recently IDFC has made itself open for getting bought by other banks as IDFC bank is finding it extremely difficult to survive on its own.
Let us continue to explore possibility of listing gains in Bandhan Bank but for investment one need to think not twice but multiple times.
8. Jainvipul| Link| Bookmark|
March 3, 2018 12:07:48 PM
Top Contributor (400+ Posts, 300+ Likes)
Bandhan bank 119,280,494 total share If price 375 than ipo size is 4473 cr
7. Jainvipul| Link| Bookmark|
March 3, 2018 12:06:28 PM
Top Contributor (400+ Posts, 300+ Likes)
* 900 branches across 33 states * more than 1 cr. account holders * Advance Deposit Ratio 0.76 * RoE 26 % * NIM 10 % * CAR 26 % against minimum 13 % RBI requirement
????Some interesting facts about bandhan bank as per DRHP
Bank has posted the EPS of 1 paisa only ( not rupee ) during March 2015 however on operational basis it was loss making ! 2017 EPS is 10
In DRHP there is a long list of peers group never seen before !
They are icici ,hdfc ,axis ,kotak ,yes ,indusind ,idfc , rbl ,equitas ,ujjivan ,au, bajaj finance, gruh finance...
All these have different P/E , P/B,RoNW and other parameters making us difficult to compare.So the only thing left for investors like us is GMP to take decision for subscription.Let''''s see what is the price band.