(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