Ujjivan IPO subscribed 170 times

Mumbai: the IPO from Ujjivan Small Finance Bank (SFB), which closed on Wednesday, was subscribed 170 times, making it the most successful IPO in 2019 in terms from times from subscription. Compared to its IPO offer size from Rs 442 crore (excluding anchor investor allocation), the total demand or Ujjivan Las acciones from SFB fueron un poco más from Rs 75,000 millones from rupias.

The retail investors’ portion was subscribed 50 times, the non-institutional investors’ portion 486 times, while the institutional investors’ portion was subscribed 114 times. The part reserved for the shareholders from its holding company was subscribed a little over 4 times.

The total number from applications was about 16.3 lakh.

El banco atiende a los clientes urbanos pobres y jóvenes from la clase media no bancarizados, dijo un comunicado from sus banqueros comerciales.

The aggregate size from the Ujjivan SFB was Rs 750 crore. Shares worth Rs 75 crore was offered to its main promoter, Ujjivan Financial Services while anchor investors had mopped up shares worth Rs 304 crore just a day before the IPO opened on December 2.

Kotak Mahindra Capital Company, IIFL Securities and JM Financial managed the problem.