Skip to main content

Ujjivan Small Finance Bank IPO: Microfinance lender's maiden offer status likely to be finalised today; here is how you can check it

First Post 

Published By: Anonymous

Ujjivan Small Finance Bank's IPO attracted heavy investor demand on the final day of bidding on Wednesday as the issue was subscribed a whopping 165.64 times.


The Rs 750-crore IPO, which was open from 2-4 December, received bids for 2,053 crore shares against the total issue size of 12.39 crore shares. 


The price range for the offer was fixed at Rs 36-37 per share

Ujjivan Small Finance Bank's initial public offering (IPO), which attracted heavy investor demand after its launch on 2 December, status is expected to be finalized today, according to a news report.

Accordingly, the investors who had applied for Ujjivan Small Finance Bank IPO will be able to check their allotment status through their application number, DPID/Client ID or PAN, said a report in Mint.

Subscribers of Ujjivan Small Finance Bank shares can also check the allotment status on the website of Karvy Fintech which is the registrar of the small finance bank, the report said.
The Rs 750-crore IPO, which was open from 2-4 December, received bids for 2,053 crore shares against the total issue size of 12.39 crore shares, as per the data available with the NSE.
The category reserved for qualified institutional buyers (QIBs) was subscribed 113.80 times, that for non-institutional investors was subscribed 486.14 times, while retail individual investors category was subscribed 50.16 times, according to merchant banking sources.
Ujjivan Small Finance Bank's IPO attracted heavy investor demand on the final day of bidding on Wednesday as the issue was subscribed a whopping 165.64 times, reported PTI.
With a strong subscription, Ujjivan Small Finance Bank went past IRCTC to become the most subscribed IPO so far this year.
In October, the IPO of Indian Railway Catering and Tourism Corporation (IRCTC) was subscribed 111.91 times.
Ujjivan Small Finance Bank's IPO was subscribed 4.86 times on the second day of subscription on Tuesday.
The price range for the offer was fixed at Rs 36-37 per share.
Ujjivan Small Finance Bank mopped up Rs 303.75 crore from anchor investors, according to a statement by the company.
The government of Singapore, Monetary Authority of Singapore, CX Partners Fund, Aberdeen, HDFC Life Insurance Company, Bajaj Allianz Life Insurance Company, Sundaram Mutual Fund, Goldman Sachs India, ICICI Prudential participated in anchor investor bidding.
Kotak Mahindra Capital Company, JM Financial and IIFL Securities are managing the offer.
Microfinance lender Ujjivan Financial Services is the holding company of Ujjivan Small Finance Bank

Comments

Post a Comment

Popular posts from this blog

India Joins Russia in Voting Against West-Backed Move to Expand Powers of OPCW

The Wire: June 28, 2018 New Delhi: India voted against a UK-backed move that will allow the global chemical weapons watchdog to apportion blame for illegal attacks, criticising the decision to grant “unchecked powers” to the head of the group which could be used for “partisan” purposes. On Wednesday, more than two-thirds of the member states of the Organisation for the Prohibition of Chemical Weapons (OPCW) voted to authorise the international body to identify the perpetrators and sponsors of a chemical weapons attack. It also specifically called on the OPCW’s technical secretariat to begin work on identifying the perpetrators behind the use of chemical weapons in Syria. The draft decision, sponsored by 30 countries, was adopted at the fourth special session of the conference of the states parties to the Chemical Weapons Convention at the Hague, with 82 in favour and 24 negative votes. While Europe, the United States and their allies voted ‘yes’, there was strong oppo...
Read more

As financial insecurity rises in urban India, so does investment in insurance

Image
Scroll.in March 13, 2020 Urban Indians are becoming less confident about their financial security. Up to 58% of them fret over financial independence post retirement, which is a 4% increase from last year. An equal share of urban Indians worry about meeting their daily medical expenses and sustaining their current lifestyle once they stop working. The findings are part of a survey published by Delhi-based Max Life Insurance in association with London-based consultancy Kantar. The firms surveyed 7,014 respondents in 25 cities, including six metros, nine tier-1 cities, and 10 tier-2 cities, between December 2019 and January 2020. Source: Max Life Insurance via Quartz The trends Source: Max Life Insurance via Quartz Source: Max Life Insurance via Quartz Source: Max Life Insurance via Quartz A significant share of urban Indians also say their families will have no financial support in the event of the breadwinner’s death. In such a scenario, around 57% believe the family sav...
Read more

ED tracks Swiss Bank A/Cs of Agusta scamster

The Poineer February 10,2019 Rakesh K Singh The Enforcement Directorate (ED) has tracked a dozen Swiss bank accounts in the name of Rajiv Saxena, who is key accused in the Rs 3,600 crore AgustaWestland VVIP chopper scam. The ED has also found out accounts held by  his family members and associates where the kickbacks in the now scrapped deal were allegedly parked. Two bank accounts are in the name of Rajiv Saxena’s  associates Pankaj Jain and Sumita Jain who are also the authorised signatories. The  third is in the name of another associate Ajit Singh Bubber, but Rajiv and his family members are authorised signatories. The remaining nine accounts are largely owned and operated by Rajiv, his family members and associates. Rajiv Saxena was deported by the UAE authorities on January 30 and the ED formally arrested him the next day and a court later granted his remand to the agency. He is currently undergoing custodial interrogation by the ED. The agency had in 2017...
Read more