Ujjivan Small Finance Bank is ready to make its market debut, scheduled for the second week in December. This is coming after a stellar 166 times subscription to its initial public offering (IPO) that saw frenzied bids from investors across segments.
The IPO got fully subscribed on the first day itself, with an overall 165.68 times subscription by end of third and final day of the bidding process. The feat surpassed the record of the IRCTC issue, which saw 112 times subscription in October, 2019.
The issue received bids for 20,53,66,79,600 shares against the issue size of 12,39,58,333 shares, according to data sourced from exchanges. It was also revealed that the quota reserved for qualified institutional buyers (QIBs) was subscribed 110.72 times, non-institutional investor (NII) quota 473 times and the retail quota 49 times.
Investors are required to keep at least one of the following ready to check share allotment — PAN or IPO application number or depository client ID (DPID). According to sources, allotment status will most likely start to reflect from Tuesday and will be available on the website of its registrar Karvy Fintech Private Limited.
Prior to the feat achieved by Ujjivan, CSB Bank, IRCTC, Affle India, and Polycab India were other issues that saw over 50-time subscription this calendar, all having a strong market debut.
CSB Bank was listed at 41 per cent premium at Rs 275 whereas IRCTC climbed 101 per cent on market debut to Rs 644. Affle India got listed at a 24.82 per cent premium at Rs 929 against its issue price of Rs 745 per share. Polycab India, on the other hand, got listed at an 18 per cent premium to issue price.
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