rbl IPO3

(To be updated further. Last update 29/08/16)

RBL bank to list tomorrow i.e. 31-08-2016.

RBL Bank Allotment Status is out : Click to Check

RBL premium in grey market dipped down a bit on Day 2 but recovered to about a tad below 20% yesterday.

RBL BANK IPO : Day 3 ;      Overall 70 x

  • Qualified Institutional Buyers (QIBs) :  86 x
  • Non Institutional Investors                   :  199 x
  • Retail Individual Investors(RIIs)         :  5.65 x
  • Retail application wise – approx 3.64  times

RBL BANK IPO : Day 2 ;      Overall 3.08 x

  • Qualified Institutional Buyers (QIBs) :  4.28 x
  • Non Institutional Investors                   :  1.08 x
  • Retail Individual Investors(RIIs)         :  3.26 x
  • Retail application wise – approx 2 times

RBL BANK IPO : Day 1 ;      Overall .66 x

  • Qualified Institutional Buyers (QIBs) :  .67 x
  • Non Institutional Investors                   :  .2 x
  • Retail Individual Investors(RIIs)         :  .86 x

RBL BANK LIMITED  : Allotment to Anchor Investors

Allocation of 161,72,887 Equity Shares in aggregate, to Anchor Investors at Rs. 225 per Equity Share

Sr. No. Anchor Investor Name No. of  Shares Allotted % of Anchor Investor Portion (%) Bid Price (Rs.)
1 FIL INVESTMENTS MAURITIUS LIMITED 8,44,415 5.22% 225
2 GOVERNMENT PENSION FUND GLOBAL 8,44,415 5.22% 225
3 GOLDMAN SACHS INDIA FUND LIMITED 8,44,415 5.22% 225
4 GMO EMERGING DOMESTIC OPPORTUNITIES FUND, A SERIES OF GMO TRUST 8,44,415 5.22% 225
5 AUBURN LIMITED 8,44,415 5.22% 225
6 COLLEGE RETIREMENT EQUITIES FUND – STOCK ACCOUNT 4,44,470 2.75% 225
7 HSBC GLOBAL INVESTMENT FUNDS – INDIAN EQUITY 8,44,415 5.22% 225
8 RELIANCE CAPITAL TRUSTEE CO 8,44,415 5.22% 225
9 HDFC TRUSTEE COMPANY LIMITED­HDFC PRUDENCE FUND 8,44,415 5.22% 225
10 ICICI PRUDENTIAL BANKING AND FINANCIAL SERVICES FUND 6,66,705 4.12% 225
1 1 SBI MUTUAL FUND 8,44,415 5.22% 225
12 BIRLA SUN LIFE TRUSTEE COMPANY PRIVATE LIMITED A/C BIRLA SUNLIFE MIDCAP FUND 6,66,705 4.12% 225
13 LORD ABBETT SECURITIES TRUST LORD ABBETT INTL OPPORTUNITIES FUND 3,11,189 1.92% 225
14 DSP BLACKROCK INDIA T.I.G.E.R. FUND 4,44,470 2.75% 225
15 NOMURA FUNDS IRELAND PUBLIC LIMITED COMPANY- NOMURA FUNDS IRELAND – INDIA EQUITY FUND 8,44,415 5.22% 225
16 PI OPPORTUNITIES FUND — I 4,44,470 2.75% 225
17 AMUNDI FUNDS EQUITY INDIA 3,11,189 1.92% 225
18 COPTHALL MAURITIUS INVESTMENT LIMITED 6,22,248 3.85% 225
19 MERRILL LYNCH CAPITAL MARKETS SINGAPORE PTE. LTD 11,94,952 7.39% 225
20 DB INTERNATIONAL (ASIA) LTD 6,22,224 3.85% 225
21 AXIS MUTUAL FUND TRUSTEE LTD 4,44,470 2.75% 225
22 KOTAK MUTUAL FUND 4,44,470 2.75% 225
23 IDFC MUTUAL FUND 2,22,235 1.37% 225
24 SUNDARAM MUTUAL FUND 4,44,470 2.75% 225
25 MOTILAL OSWAL MUTUAL FUND 4,44,470 2.75% 225
TOTAL 1,61,72,887 100%

Related Posts :

RBL Bank IPO: Making transition to a new age bank

RBL Bank: Comparison with Peers

Brokerage  Views / Analysts / Business Newspapers:

Hindu Business Line: RBL Bank IPO; good bet for long-term investors

Business standard: RBL Bank: An interesting transformation to invest, Not cheap but attractive

Business standard: ” RBL Bank IPO Commands 20% premium in Grey market”

Live Mint: Slimmer chances of a Listing popup

Capital Market: Robust growth in the last few years 47/100 rating

HDFC Securities:  Listing of equity shares to enhance visibility and brand name

Ajcon Global:  Subscribe; “reputed Private Equity players invested which instills confidence on the operations and risk management of the Bank, f)focus on operational quality and scalability, g) strong growth in Loan Book with minimal NPAs (Gross NPAs below 1%), h) decent ROE of 11% and RoA of 1%, we recommend investors to “SUBSCRIBE” the issue.”

Angel Broking: Subscribe ; “expect the bank to avail to economies of scale and this should unearth enough scope for improvement in the cost structure, which in turn would add to the bottom-line.”

Anand Rathi Financial Services: Long-term subscribe  “The breadth of experience of RBL’ board members coupled with their in-depth knowledge of banking operations and management provides the anchor to continue building a robust and sustainable organisation.”

Prabhudas Lilladher : Subscribe ; “In FY10, bank’s operations came under helm of new management team which transformed the bank with superior growth, better branding & strong technology. RBL has been able to rebalance its portfolio from 75% corporate/SME in FY13 to 60% currently and has been able to grow retail at fast pace with CAGR of +70% increasing it to 17% of loans.”

Sushil Finance: Subscribe; ” The bank has consistently growing in net income and net interest margin (NII). With an expanding reach in rural market, RBL has enhanced its brand image. Though the return on equity is around 9%, which is quite low, yet the trend is upwards. RBL plans to grow more with continuous improvement in modern technology and operational improvement.

AUM Capital:  Subscribe; ” The Bank has  strong fundamentals with healthy asset quality, improving Cost/Income ratio, strong management with thoughtful business strategies”

Hem Securities: Subscribe; asset quality numbers are within the best in the industry

Antique Stock Broking:  Subscribe ;” issue may generate muted return for investors in the short term and, hence, is recommending subscribe rating on the issue only for investors who can hold the stock for 2-3 years. “

Dalal Street Journal: “Low level of NPAs, safer CAGR ratio, consistent growth in total income, proportional balance of deposits and advances, makes it an eye catcher. So one can go and subscribe this IPO”

Jain Matrix Investments :  Retail investors can buy with a 2-year horizon

 

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