Kotak Mahindra Bank Limited: Comprehensive Guide to IPO, Share Price, Products, and Financials
Kotak Mahindra Bank Limited is a renowned banking institution in India, known for its range of financial products and services. This blog provides an in-depth look at the bank’s IPO, share price history, current financial standings, and product offerings.
IPO Launch Details
Kotak Mahindra Bank Limited launched its Initial Public Offering (IPO) on 27th February 2004. The IPO was priced at Rs. 10 per share.
Products Offered by Kotak Mahindra Bank
Kotak Mahindra Bank Limited offers a wide range of products, including:
- Personal Banking
- Corporate Banking
- Loans (Home Loans, Personal Loans, Vehicle Loans)
- Credit Cards
- Insurance Services
- Investment and Wealth Management
Financial Details
As of the end of the fiscal year 2023, Kotak Mahindra Bank Limited has shown robust financial health.
- Total Revenue: Rs. 58,576 crores
- Net Profit: Rs. 8,926 crores
- Total Assets: Rs. 5.2 lakh crores
Value of Rs. 10,000 Invested 5 Years Ago
If you had invested Rs. 10,000 in Kotak Mahindra Bank Limited 5 years ago (in October 2018) when the share price was approximately Rs. 1,000 per share, here is the potential value of your investment today:
Investment in 2018: Rs. 10,000 / Rs. 1,000 per share = 10 shares
Value in 2023: 10 shares x Rs. 1,850 per share = Rs. 18,500
Your Rs. 10,000 investment from 5 years ago would now be worth Rs. 18,500, representing an 85% return on investment.