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Ujjivan Small Finance Financial institution to be listed on the inventory market on 12 December, extra subscription from IRCTC ujjivan small finance financial institution share allotment is prone to be finalized on december 9 itemizing on bse and bse is probably going on december 12 | Enterprise – Information in Hindi

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Ujjivan Small Finance Bank to be listed in the stock market on December 12, more subscription from IRCTC

IPO becomes highest subscription of this year

The share allocation of Ujjivan Small Finance Bank will be finalized on December 9, 2019 and the listing on BSE and NSE is likely to be on December 12, 2019.

  • News18
  • Last Updated:
    December 9, 2019, 11:50 AM IST
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new Delhi. The share allocation will be finalized today for those who invest in the Initial Public Offering (IPO) of Ujjivan Small Finance Bank. Let us know that the IPO of Ujjivan Small Finance Bank was opened on 2 December and closed on 4 December. The USFB IPO received 166 times the subscription on the last day. As per the data available with the National Stock Exchange (NSE), bids have been received for 2,053 crore shares on offer for a total of 12.39 crore shares under an IPO of Rs 750 crore.

IPO becomes highest subscription of this year

According to merchant banking sources, the eligible institutional buyers (QIB) segment received 113.80 times, the non-institutional investors segment got 486.14 times and the retail investors segment got 50.16 times the subscription. Ujjivan Small Finance Bank has become the highest subscription IPO of this year, beating the Indian Railway Catering and Tourism Corporation (IRCTC).

Price band was Rs 36-37 per shareUnder the IPO, the price range has been fixed at Rs 36-37 per share. Ujjivan Small Finance Bank has raised Rs 303.75 crore from anchor investors. The holding company of Ujjivan Small Finance Bank is micro finance lender Ujjivan Financial Services.

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Allocation and Listing Date

According to the brokerage, the share allocation of Ujjivan Small Finance Bank will be finalized on December 9, 2019 and the listing on BSE and NSE is likely to be on December 12, 2019.

Started banking business in 2017

Ujjivan Small Finance Bank is a subsidiary of Ujjivan Financial Services. Ujjivan Financial Services started functioning as a public company in 2016. Started banking business in February 2017 after getting license to start small bank from Reserve Bank (RBI). Currently, there are 552 branches and 441 ATMs in 24 cities across the country. Most of the branches of USFB are operational in Tamil Nadu, Karnataka and West Bengal.

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First published: December 9, 2019, 11:50 AM IST

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