Recently Central Bank’s IPO was open for subscription and it left me really puzzled. On one hand it was getting very heavy subscription (which usually means there is going to be a good listing gains) and on the other hand i had some reservations about its valuations. (which i felt was too steep)
So this morning I was reading the bank’s prospectus and this line caught my attention:
“PROMOTER: The President of India acting through MoF, GoI”
Guess what was the next thing I did?
Ankur Aggarwal
sree
Sandip Chaudhuri
vbr
shobhendrasrivastava
