AU Small Finance Bank share price: Sharekhan maintains Buy rating with a revised price target of Rs 1500
AU Small Finance Bank has announced its plans to raise equity funds via Qualified Institutional Placement (QIP). According to some analysts, QIP is likely of size Rs 600-700 cr (floor price of Rs 1,181.06 per share; may offer a discount up to 5%). AU Small Finance Bank Management had earlier indicated in its Q3 concall that it may go for capital raising in Q4.
AU Small Finance Bank’s Tier 1/CRAR ratio was at 16.3%/18.8% in Q3, while including profits stood at 20.3%/23.5% and is comfortable: Reuters