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The price band for the Rashi IPO is fixed at ₹295 to ₹311 per equity share
Private banking stocks bore the brunt of the market sentiment, with Axis Bank, ICICI Bank, Kotak Mahindra Bank, and HDFC Bank
The bank had already garnered ₹157 Crore from anchor investors on February 6, a day preceding the IPO launch.
The rate decision by RBI was expected, but the macro outlook seems robust.
Recommendation: Buy; Target price: ₹2050
Recommendation: Reduce; Target price: ₹2100
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