Let me tell all my wise investor according to me one should apply this CBI IPO for long term point of view,because this will not let anybody give any higher return on the day of listing.
While we believe that CBI can offer value to its shareholders in the longer term by adopting business practices in line with its larger and more efficient peers like SBI, PNB and Bank of Baroda, there are certain structural issues that the bank needs to address. It will thus be a matter of time before the bank can command valuations in line with its peers. At the current stage, we prefer other PSU banks over CBI and would request investors to evaluate the performance of the latter over a period of time before investing in the stock. We, therefore, recommend investors to *AVOID* the IPO.
Central Bank has one of the lowest market cap to deposit ratio amongst other PSU banks, indicating enough headroom to improve. The share is offered at 1.24 times price to book at the higher band, one of the lowest amongst the PSU banks. We recommend apply to this issue with short term & long term perspective.
MARKET IS HEADING FOR A BIG CRASH !!! By the time CBI will list it would be mid August. I feel there is not much upside to this stock..Can go down the IPO price as its overly valued at the upper price band. We should AVOID This IPO.
Hello Friends,Whosoever is advising that one should not apply in CBI IPO if u r not applying in full 1 lakh.I want to convey them every issue is getting oversubsribed 30 to 40 times,it doesn't mean we should not apply,we won't get it,we have to see in which category we r applying ,so don't hesitate apply,happy investing...
pls dont apply if cant apply in full i.e. 1 lac. permium wd probably drop down as us market is on verge of crashing. yestreday us market lost 2% which is highest loss in 5 months. careful guys...though some premium like 20% would be there