This company has got potential to list like bandhan bank on various reasons. One is strong promoters, Two is attractively price, Three Good subscription by Qib, Four all financial companies list at decent premium in last two years. It may be surprise all on listing day.
if listed between 572-599 then resistance will be 599. But once if listing gets support of the Market in positive way then there will be no bar of 599. Election result of Karnatak only make affect temporary... after all good CAGR above 30% last five years net income and profit ratio gradually increase. what else investor required ?
Good anchor investor list, QIB above 16X, NII above 6X. QIB is long term investor so don't get upset with what ever the listing price.
nifty closed below 10,600 sensex down more than 300 points , closed below 34,850 and IPO came when sensex was 35,600 and nifty above 10,800. gmp down at 22-23
Indo Star IPO looks good, As on Q3FY18. At the upper end of the price band of Rs 572 the P/BV stands at 2.16, which is lowest among its peers. In last 4 years, total credit exposure and total revenue grew at a CAGR of 30% and 31.4%, respectively.