The company reported a net profit of Rs 0.40 crore in Q4FY23 company to a net loss of Rs 0.07 crore in Q4FY22, an increase of 670 per cent. The net sales increased by 9.80 per cent to Rs 4.82 crore and net profit skyrocketed by 236.36 per cent to Rs 0.74 crore in FY23 over FY22.

The company's board of directors has set July 1, 2023 as the record date for 4:1 bonus share. 

Today, the shares of the company have soared to reach a fresh 52-week high, and it has given over a 75 per cent return over the past year.

The company reported positive numbers in its quarterly results (Q4FY23) and annual results (FY23). Additionally, the company have declared a final dividend of Rs 0.36 per share (i.e., 3.60 per cent on the paid-up equity share capital) for the financial year 2022-2023. The record date/date of book closure for payment of the final dividend would be fixed and intimated in due course.

On Monday, shares of the company surged by 10 per cent and hit its upper circuit of Rs 86.27. Additionally, the scrip had a spurt in volume by more than 1.32 times.

The rise and fall of the company's share price and today it rebounded back.

The Bank offers a variety of banking services, including business and transaction banking, branch banking, corporate and institutional banking, financial markets, investment banking, corporate financing, and wealth management.

The company has a market cap of Rs 1,225 crore and reported stellar quarterly results and annual results for the year ended March 31, 2023.

The price band of the issue has been fixed at Rs 638 to Rs 672 per equity share. The issue size is Rs 567 crore at a higher price band.

On Monday, at 03:30 pm, indices ended the trading session flat with the BSE Sensex Index down 0.01 per cent at 62,970 and the NSE Nifty-50 Index up 0.14 per cent at 18,691.20. About 1,860 shares have advanced, 1,783 declined and 174 are unchanged on BSE.