Shares in RBL Bank, which were subscribed by almost 62 times, listed today, 25 per cent higher to its IPO price.
RBL Bank, which opened its public issue on Aug 19 and closed it on Aug 23, offered the shares in the price band of Rs 224-225.
RBL Bank has a good capital adequacy of near 13 per cent, which will give the bank the opportunity to grow at a rapid pace.
At a time when the banking sector is reeling under asset quality worries, there is little to worry for RBL Bank. Net non performing assets for 2014-15 were placed at 0.57 times, which is extremely low.
Banking stocks have been rising in the last few weeks, even as investors have been dumping IT stocks.