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Ritesh Oswal Profile picture
Ritesh Oswal
@Riteshoswal001
“In learning you will teach, and in teaching you will learn.” - Phil Collins. Retweets are not endorsements
Aug 17, 2020 • 15 tweets • 4 min read
The next HDFC Bank is HDFC Bank.

So many people trying to find the next HDFC Bank.

HDFC Bank came out with its IPO in 1995 at an issue price of ₹10. The issue was over subscribed 55 times and the stock listed at ₹40, a huge premium for a bank that was just a year old. 1/n Someone who had invested ₹10,000 in the IPO would have got 1,000 shares. After 2 splits, the investor would now have 10,000 shares. At the CMP, the worth of these would be ₹1.03 crore. That is a staggering 1000 times in a span of 25 years, translating into a CAGR of 32%. 2/n