Listing of AU Small Finance on stock markets on July 10
DSIJ Intelligence / 07 Jul 2017
The much-anticipated listing of AU Small Finance Bank is scheduled for Monday, July 10. The NBFC IPO received a strong response from institutional as well as retail investors.
The much-anticipated listing of AU Small Finance Bank is scheduled for Monday, July 10. The NBFC IPO received a strong response from institutional as well as retail investors. The issues price was fixed between the price band of Rs 355-358.
The grey market premium is around Rs 75-80, indicating the stock to open over Rs 400, reported a leading news agency.
The issue was open between June 28-30.The issue was oversubscribed 53.60 times, backed by a strong response from HNI and QIBs.
The bank raised Rs 1,912 crore through the issue, which includes Rs 563 crore from 34 anchor investors prior to the IPO issue.
The bank will not receive any proceed from the offer as the public issue was an offer for sale by promoters and investors.
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