The firecracker on the bourses today is obviously RBL Bank, the swanky new debutant, making a grand entry.

As against the issue price of Rs.225, the stock got listed at Rs.273.70, going up to an intra day high at Rs.298.30, making one wonder if it would actually cross Rs.300-mark today itself.

The IPO, the first from a private sector bank after a decade had got a resounding response. The Rs.1213 crore IPO was subscribed 69.62 times.

In our New Issue Analysis section we had given a complete go-ahead for the IPO. Our verdict has been, “RBL Bank is a very attractive investment opportunity. Industry leading and consistent growth being demonstrated for the past 5 fiscals, despite challenging macros, coupled with strong management team at the helm, make this issue very unique, in the financials space. The pricing is also right, both from listing gains and medium term points of view. The issue is a subscribe