@prashant patwardhan Yes sir, It hasn't given dividend yet, but as it's PAT needed to be adjusted being PSU, company should either disbursed their amount among investor (in dividend/bonus, etc.) or do expansion. As it's NBFC like company, the PAT should be disbursed as dividend only (same as PFC, REC). One another valid point that you have mentioned, some portion is going to fresh issue, which any way going to help their working capital and improve PAT, Which is another positives.
Only possible negative that can be foreseen is, it is much possible, almost sure that, it will list positive, but may not be that much positive listing due to large issue. But, don't underestimate it, as fans of PSUs and dividend earning companies are raising day by day in retailers. So, yes, as of now, many positives to bet on 💰💰👍👍