 "banks, credit, recapitalisation")
The bad news in India has been banks. The good news in India is Au Small Finance Bank.
The bank was not in existence a year ago. The day it listed, it was valued in excess of Rs 15 billion. The promoter’s holding of 32 per cent was now worth more than Rs 50 billion.
When much of the country’s banking is being considered bad news, why was Au Small Finance Bank’s IPO subscribed 54 times? When a number of IPOs gradually lose their pricing froth, why did Au Small Finance Bank move from an offer price of
The bank was not in existence a year ago. The day it listed, it was valued in excess of Rs 15 billion. The promoter’s holding of 32 per cent was now worth more than Rs 50 billion.
When much of the country’s banking is being considered bad news, why was Au Small Finance Bank’s IPO subscribed 54 times? When a number of IPOs gradually lose their pricing froth, why did Au Small Finance Bank move from an offer price of
Disclaimer: These are personal views of the writer. They do not necessarily reflect the opinion of www.business-standard.com or the Business Standard newspaper
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