June 24, 2015

RBL Bank ( Ratnakar Bank ) Profit Doubles in 2014 -15 IPO Soon

Is  RBL IPO Rate around Rs. 400 /- ?? ( PLEASE RECHECK )

Please Click :-

http://www.livemint.com/Companies/HATeNJebmkfywKj3lIX0dP/Ratnakar-Bank-Q4-profit-doubles-to-Rs207-crore-as-its-prepar.html

As per Balance Sheet ( as on 31/03 / 15 ) -Please Recheck-

Share Capital Rs. : Rs. 293 cr 44 Lakh

Reserves  : Rs.1937 cr
                 OR

RBL IPO @ Rs. 200/-

Please Click the link :-

http://www.gauravblog.com/?tag=rbl-bank-ltd-ipo-rs-200-a-listing-market-cap-of-over-rs-8000-crs


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The bank has already hired four investment banks, Kotak Mahindra Capital Co Ltd, Citigroup Inc, Standard Chartered Plc and Morgan Stanley, to manage the issue in which it is seeking to dilute 10% stake and raiseRs.1,200 crore, valuing the lender at Rs.12,000 crore.

Source / Credit

http://www.livemint.com/Companies/HATeNJebmkfywKj3lIX0dP/Ratnakar-Bank-Q4-profit-doubles-to-Rs207-crore-as-its-prepar.html


Thus ,IPO Price Works out to be around Rs. 400 Per Share ( PLEASE RECALCULATE )

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