Offer for sale
Special SituationWatchNotablemateriality 68 out of 100
What happened
FactOffer for sale.
Why it matters
CapitSignal interpretationAn offer for sale places existing shares into the market, so the register changes and the price is set by the floor rather than the screen.
What management said before
Prior statements by this company that CapitSignal has recorded changing.
Demand
RevisedEarlierQ1 FY26
This Q1 has seen advances growth of 27% Y-o-Y.
NowQ1 FY26
So we have grown 13% with no CD raised in the Q1.
Change
FactTarget revision
Implication
CapitSignal interpretationThe earlier statement claimed a growth of 27% Y-o-Y, while the current statement reports a growth of only 13%. This represents a significant downward revision in the growth target.confidence 100%
Watch next
Fact- Floor price versus market price
- Seller stake before and after
- Subscription across the two sessions
- We had planned that annually, we should be recovering between INR1,200 crores to INR1,500 crores for the next (management committed by FY27)
- We will soon regain our 15% to 16% retail and agri and MSME growth in the bank. (management committed by FY27)
Evidence
- The President of India, acting through the Department of Financial Services, Ministry of Finance, Government of India has informed the Exchange about its intention to exercise over-subscription option for 7,69,15,549 equity shares(opens the original filing in a new tab)
- Earlier statement · Q1 FY26
- Latest statement · Q1 FY26
- Earlier statement · Q3 FY25
How CapitSignal classified this
- Reasoning:
- OFS base 68; matched on subject
- Matched on:
- the filing's own subject line
- Confidence in the event type:
- 75%