Au Small Fi­nance Bank IPO over­sub­scribes

Banking Frontiers - - Pb & Sfb -

The IPO launched by Au Small Fi­nance Bank was over­sub­scribed 53.48 times. The IPO to raise `1912 crore re­ceived bids for 201 crore shares against the to­tal is­sue size of 3,76,95,520 shares, ac­cord­ing to data at the NSE. The bank had ear­lier raised `563 crore from 34 an­chor in­vestors. Price band for the IPO was `355-358 per share. The bank re­ceived li­cense from the RBI to set up a small fi­nance bank in De­cem­ber 2016 and com­menced op­er­a­tions from April this year. The por­tion set aside for qual­i­fied in­sti­tu­tional buy­ers over­sub­scribed 78.77 times and non-in­sti­tu­tional in­vestors 143.51 times. The re­served por­tion of re­tail in­vestors over­sub­scribed 3.31 times. The pub­lic is­sue is an of­fer for sale by the pro­mot­ers, in­clud­ing San­jay Agar­wal, Jy­oti Agar­wal, Shakun­tala Agar­wal, Chi­ranji Lal Agar­wal and MYS Hold­ings.

Newspapers in English

Newspapers from India

© PressReader. All rights reserved.