Axis Bank Limited

CLOSED

OFS · IPO Guide

Floor Price

₹689.52

Lot Size

1Shares

Min. Investment

₹690

Subscription

1.69x

Expert Rating

Neutral

Axis Bank has shown improvements in financials in current fiscal. At CMP its fully priced and difference of CMP and floor price is around 2%. So. we suggest NEUTRAL for this OFS.

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Disclaimer

No financial information whatsoever published herein, should be construed as an offer to buy or sell securities, or as information to make investment decisions, or as an official confirmation of any transaction. All matter published herein is purely for educational and informational purposes only and under no circumstances should be used for making investment decisions. Readers must consult a qualified financial advisor prior to making any actual investment decisions.

Start Date	Feb 12, 2019
Close Date	Feb 13, 2019
Offer Size	—
Offer Size for Retail Investors	Base Offer Size 0 shares
Offer Size for Non Retail Investors	Base Offer Size 0 shares
Face Value	Rs 2/- Per Equity Share
Floor Price	Rs 689.52/- Per Equity Share
Lot Size	1
Tick Price	0.05
Min Bid Quantity	1
Allocation Methodology	Price Priority
Non Retail Clearing Price	Rs 695/-
Retail Clearing Price	Rs 695/-
Selling Member	ICICI Securities Ltd, Morgan Stanley India Pvt Ltd and Citigroup Global Markets India Pvt Ltd
Seller Promoter	Dr. Anil Jindal, Mr. Sunil Jindal, Mr. Bishan Bansal, Mr. Raju Bansal, BTL Industries Limited, BTL Portfolio Limited

Axis Bank Limited

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