RBL Bank Subscription Detail of Subscription from Aug 19 to Aug 23.As per the analyst this will be good IPO to stay invested in ever after listing. The growth says the story and it will be seen after its appearance on BSE and NSE. As per grey market it is around 15-20% listing gain. So small investors should remain investing with listing gain.
Company has good growth in last few years. They are in the business
since 1943. RBL Bank looks very strong as per the financials. PAT is
increasing YOY from 65 crores (March 2012) to Rs. 208 Crores (March
2016). The growth is on the cards and IPO fund will give more boost to
their business. Revenues is also 4 times then 2012. It was 532 crore in
March 2012 and now in March 2015 it increased to 2356 crores. Good
company to invest in.
RBL Bank Subscription: The Subscription is around 70 times of overall IPO. Its been superb for RBL Bank and it will give more confidence to them in the listing as well.
RBL Bank IPO Detail:
RBL Bank Subscription: The Subscription is around 70 times of overall IPO. Its been superb for RBL Bank and it will give more confidence to them in the listing as well.
| Day | QIB | NII | RII | Total |
| Day 1 | 0.67 | 0.20 | 0.86 | 0.66 |
| Day 2 | 4.28 | 1.08 | 3.26 | 3.08 |
| Day 3 | 85.08 | 198.06 | 5.70 | 69.62 |
RBL Bank IPO Detail:
- IPO Open: Aug 19, 2016
- IPO Close: Aug 23, 2016
- IPO Size: Offer for Sale of 16,909,628 Equity Shares of Rs 10
- Face Value: Rs 10 Per Equity Share
- Price Band: Rs. 224 - Rs. 225
- Listing on: BSE & NSE
- Shares: Apply for 65 Shares (Minimum Lot Size)
- Amount: Rs. 14,625
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