Indian Bank IPO Allotment Status
The allotment status of Indian Bank IPO is now available here.
Investors should book profit on listing. There are many better banks available in the markets at cheaper valuations.
At Rs 91 the PE ratio of the stock works out to be 6.25 and price to book value ratio works out to be 1.66. The stock will definitely list at a premium and valuations will look stretched then.