Ujjivan Small Finance Bank lists at Rs. 60.9 per share, gaining 64% as against the issue price of Rs. 37.
The proceeds from the issue will be put towards growth of the banking entity.
Ujjivan Small Finance Bank IPO received overwhelming response with the highest subscription for the year 2019. The public offer by the small finance bank even managed to surpass the record subscription of 112 times by e-ticketing arm of Indian railways, IRCTC.
The IPO issue opened from December 2 to December 4 and on the last bidding day it saw huge investor demand. Overall the issue had been subscribed a whopping 165.64 times.As per the data on the NSE, the Rs. 750 crore IPO received bids for 2053 crore equity shares as against the issue size of 12.39 crore shares.
The portion reserved for qualified institutional buyers (QIBs) was subscribed 113.80 times, that for non-institutional investor class (NIIs) was subscribed 486.14 times and retail investors' category was subscribed 50.16 times.
Shares of Ujjivan Small Finance Bank last quoted at Rs. 56.90, up Rs. 19.90 or 53.78% on the NSE.