IDBI Bank Limited: A Comprehensive Overview
If you are an investor or someone interested in the financial sector, you have probably heard of IDBI Bank Limited. This blog post will provide you with an all-encompassing view of IDBI Bank, detailing important milestones such as its IPO launch, financial data, and much more. Let’s dive deep into the world of IDBI Bank Limited.
When Was the IPO Launched?
IDBI Bank Limited, one of India’s foremost public sector banks, launched its Initial Public Offering (IPO) on February 21, 2005. This IPO was a significant milestone in the history of the bank, symbolizing its leap into the public trading world.
IPO Price
The IPO price for IDBI Bank Limited was set at Rs 90 per share. This pricing came after a robust valuation process and was well-received by the market.
Current Share Price
As of the latest data available in October 2023, the current share price of IDBI Bank Limited is Rs 65.50 per share. It’s noteworthy to keep an eye on stock market indicators as share prices fluctuate based on market conditions.
Products and Services of IDBI Bank Limited
IDBI Bank Limited offers a comprehensive array of financial products and services tailored to cater to a diverse customer base. Below are the primary offerings:
- Corporate Banking: Services designed for corporate entities, including loans, trade finance, and treasury services.
- Retail Banking: Personal bank accounts, savings accounts, and loan products like home and personal loans.
- Investment Banking: Advisory services, underwriting, and asset management.
- NRI Banking: Specialized banking services for Non-Resident Indians.
- Digital Banking: Online and mobile banking services for enhanced customer convenience.
Financial Details
As of the fiscal year ending March 2023, IDBI Bank Limited reported the following key financial metrics:
- Total Assets: Rs 2.5 trillion
- Total Deposits: Rs 1.75 trillion
- Total Revenue: Rs 19,000 crore
- Net Profit: Rs 1,350 crore
- Capital Adequacy Ratio: 16.8%
Investment Growth Over Five Years
Wondering what could be the value of Rs 10,000 invested in IDBI Bank Limited five years ago? Let’s calculate the return:
Assuming the share price five years ago (in October 2018) was around Rs 60 per share:
If you had invested Rs 10,000 in October 2018:
- Initial Investment: Rs 10,000
- Share Price in 2018: Rs 60
- Number of Shares Purchased: 10,000 / 60 ≈ 167 shares
Now, with the current share price being Rs 65.50 per share:
- Current Value per Share: Rs 65.50
- Total Value Today: 167 shares * 65.50 ≈ Rs 10,948.50
Therefore, a Rs 10,000 investment in IDBI Bank Limited five years ago would be worth approximately Rs 10,948.50 today, reflecting a modest growth.
Final Words
IDBI Bank Limited remains a significant player in the Indian banking sector, offering a wide range of financial products and services. Its stock has shown resilience and holds potential for steady returns. Investing in IDBI Bank Limited could be a prudent decision for long-term investors looking to diversify their portfolios.
Always conduct thorough research or consult with financial advisors before making any investment decisions.
For more detailed and updated information, you can visit the official IDBI Bank Limited website.