We at Jainam Wealth recommend our investors to “SUBSCRIBE” the AU Small Finance Bank Ltd IPO considering that the company having a diversified product portfolio, small finance bank license, presence in rural and semi-urban markets with 269 branches and 121 asset centers, experienced management, strong risk management with gross NPA of 1.61% in FY17; capital adequacy of 23.21% and robust financial such as NIM (%) 9.70%; ROE (%) 21.70%; ROA (%) 3.40% in FY17. Company available at P/BV of 5x of FY17 Book Value on upper price band.
Price Band Rs.355 - 358. Issue open on 28th June and close to 30th June. Market Lot 41 Shares.
Jainam Research was incorporated in 2003 with the vision to be the most preferred organization providing all financial services across the country. The foundation is on "Value" Systems - "Value" addition to Corporate, Retails and HNI Individuals through superior Wealth Creation Practices.
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