JM Aggressive Hybrid Fund, the topper in the category, delivered 55.48% return in the last one year. Bank of India Mid & Small Cap Equity & Debt Fund gave 47.28% return in the said period.
Suryoday SFB IPO subscription status: Suryoday Small Finance Bank IPO subscribed 62% so far on Day 2 indiatimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from indiatimes.com Daily Mail and Mail on Sunday newspapers.
NEW DELHI: The initial public offering (IPO) of Suryoday Small Finance Bank opened for bidding on Wednesday alongside the issue of Nazara Technologies. Analysts seem to have mixed views on the issue, with some pointing to the significant risks that it carries.
The company seeks to raise Rs 581 crore. The primary purpose of the IPO is to meet RBI’s listing requirement within three years of starting banking operations. Unfortunately, it’s being forced to launch its issue amid a pandemic that has left it with more than a few chinks in the armour.
Rajiv Mehta, Lead Analyst for Institutional Equities at Yes Securities, said he does not have a positive view on this IPO for various reasons. He said the company’s asset quality has been impacted severely by Covid-19 and the overall stress remains inadequately addressed. At the same time, its loan-assets diversification is not credible enough, he said.
Suryoday SFB IPO subscription status: Suryoday SFB IPO subscribed 42% on Day 1 indiatimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from indiatimes.com Daily Mail and Mail on Sunday newspapers.