Comments
Ujjivan Small Finance Bank, which recently concluded its Rs 750-crore initial public offering, will make the stock market debut on Thursday.
The shares will be listed on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE), the microfinance lender said.
The initial public offering (IPO), which was open for subscription during December 2-4, was subscribed more than 165 times at a price band of Rs 36-37 per share.
The category meant for qualified institutional buyers (QIBs) was subscribed 111 times, non-institutional investors (NIIs) category witnessed a subscription of 473 times, while the same for retail investors stood at over 49 times.
Kotak Mahindra Capital Company, JM Financial and IIFL Securities managed the offer.
Microfinance lender Ujjivan Financial Services is the holding company of Ujjivan Small Finance Bank.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.