What was IPO price of HDFC Bank?
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What was IPO price of HDFC Bank?
In March 1995 HDFC Bank launched Rs 50-crore initial public offer (IPO) (5 crore equity shares at Rs 10 each at par) eliciting a record 55 times oversubscription.
Best Ways To Invest Rs 1000-5000 Every Month To Get Higher Return
- Recurring Deposits. The best way to invest in small amounts regularly is to look at recurring deposits.
- Monthly Income Plan (MIP)
- Systematic Investments Plan (SIP)
- Stock market.
- Monthly Income Scheme (MIS)
- Chit Funds.
Why to invest in HDFC?
The primary reason for investors/MF to invest in HDFC Bank is that it offers compelling growth and good corporate governance. HDFC Bank has been able to report return on equity (ROE) above 15\% consistently owing to its focussed approach towards retail lending and limited exposure to a heavily indebted Indian company.
What is IPO in HDFC Bank?
Initial Public Offers (IPOs) provide investors an opportunity to buy into emerging growth stories. Invest in IPOs with HDFC Bank’s ASBA (Application Supported By Blocked Amount) facility.
How can I sell IPO shares in HDFC Securities?
IPO allocated shares are credited directly to your HDFC demat account and available for you to sell them on date of list at the exchanges. You can check the IPO Allotment Status on HDFC Sec website using following steps: Login to HDFC Securities website. Go to: IPO >> Order Book.
How can I withdraw my IPO from HDFC Bank?
To cancel you application; login to HDFC Sec website, visit Order Book under IPO section, choose the IPO application you would like to cancel and place the request for cancellation. After successful processing of your withdrawal request, the money will be unblocked in your bank account.
When HDFC Bank IPO was listed on stock exchanges?
19 May 1995: HDFC Bank IPO was listed on stock exchangesIPO issue price = ₹ 10 per shareAmount invested = ₹ 10000Number of stocks bought = 100018-April-2011: Stock was split in 1:5 ratio. So an original holding of 1000 stocks would become 5000 stocks.22-May-2019: Stock was split in 1:2 ratio.
What is the value of rs14860 invested in HDFC Bank after 21 years?
So after 21 years Rs14860 invested in HDFC BANK have turned into Rs 2203400. That is a whopping 148 times the original investment.This is an excellent example of benefits of long term investment in good companies.
What is the value of HDFC Bank stock after 21 years?
It was listed in 1995 at around Rs40/share. HDFC bank stock had a stock-split on 14 Jul 2011 in the ratio of 1:5 resulting in 1 stock of face value 10 splitting into 5 stocks of face value 2. So after 21 years Rs14860 invested in HDFC BANK have turned into Rs 2203400.
What is the value of Rs 10000 investment in stocks?
That Rs 10,000 investment would now have been worth Rs 2.97 crore at a compounded annual growth rate (CAGR) of 39 per cent. is a now a multibagger. Since January 1990, Rs 10,000 investment in this stock would have grown to Rs 2.01 crore at a growth of 32 per cent annually. Investment in cement maker would have made you Rs 1.93 crore. (See table)