December 16, 2010 5:25 pm
What is the long term prospects of this nationalized bank with operations mainly in North India?
CARE rating for this IPO was 4/5 (above average fundamentals).
The pricing, lowest NPA level and compact size makes the offer a good one.
The response is overwhelming at more than 44% in the Retail investor category.
I stopped applying after the retail limit was raised to 2 lakh …with such heavy oversubscription, you may not get allotment even with 2 lakh application.
This was a very good ipo with attractive valuation.But look at the subscription levels:)-
Probably power grid FPO was last good one…
This ipo was subscribed over forty times in retail alone till the last results came in. This shows investors faith and trust in the bank. Though few of them subscribed for listing gains. They may get atleast 15% – 25% listing gains. I too applied for this ipo.
Over a long period of time you can get very good returns.
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