As per bank’s disclosure submitted to exchanges,
After allotment of preferential shares, the book value per share for the period 31 MAR 2024 will increase from 45.49 to 47.36 . An increase of 4.11%.
Effective price to book at today’s price (76.40 / 47.36) = 1.61
This P/B ratio is looking reasonable , assuming 20% -22 % loan growth for the next 5 years and with superb asset quality.
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