The strong presence in niche customer segments, AU SFB's profitability is superior to most conventional banks. Despite the migration to SFB, its total revenue has increased by 35.99% to Rs. 14,305.21 million for the financial year 2017 from Rs. 10,519.50 million for the financial year 2016.
Taking into consideration, its Diversified Product Portfolio and Revenue Streams and presence in Rural and Semi-Urban Markets with Focus on Low and Middle Income Customers and plan to set up an additional 162 branches and 7 central processing centers during the financial year 2018. We recommend to SUBSCRIBE for this IPO.
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About Rudra Shares and Stock Brokers
RUDRA is one of the growing & dynamic brokerage houses with a strong presence in the Retail and HNI broking segment. With over 25 years of experience and lead by a team with outstanding managerial acumen, RUDRA is a professionally managed company supported by over 100 professionals, including Chartered Accountants, MBAs and other senior executives. RUDRA can thereby cater to its clients' short-term as well as long-term financial needs through a comprehensive bouquet of investment services. RUDRA offers a diverse range of financial services, including institutional and retail brokerage of Equity, Currency, Commodities, Derivatives, Online Trading, Depository Services, Fixed Deposits, IPOs and Mutual Funds Distribution, and Wealth Advisory & Research. RUDRA is looking to become one of the biggest broking houses. RUDRA Securities Limited, is a member of National Stock Exchange of India Limited, Bombay Stock Exchange Limited, MCX Stock Exchange, and Depository Participant of Central Depository Services (I) Limited. RUDRA can be approached online at www.rudrashares.com.
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