Mumbai: Shares of Ujjivan Small Finance Bank made a bumper debut on the stock market on Thursday. The stock closed at ₹55.95, up 51.21% from its issue price of ₹37, after opening at a premium of 58.78%. The initial public offering (IPO) with a price band of ₹36-37 per share was open for subscription on 2-4 December. The IPO was subscribed 170 times on the final day of ... Read More »
NEW DELHI : After the allotment of shares for Ujjivan Small Finance Bank’s initial public offering (IPO) was completed yesterday, listing is likely to be held tomorrow, December 12. If you had applied for the Ujjivan bank’s IPO, it is likely that your stock broker has already sent you the status of your allocation. If not, then you can go to ... Read More »
NEW DELHI : After receiving an overwhelming response for its ₹750 crore initial public offering (IPO), Ujjivan Small Finance Bank is likely to finalise allotment of shares today. Ujjivan Small Finance Bank IPO was oversubscribed by more than 165 times and is now the most subscribed IPO of 2019. If you had invested in the IPO, then you can check the status ... Read More »
The primary market has seen 15 initial public offerings (IPOs) in 2019, less than the 21 public offers launched in 2018. This was due to weak market conditions, a slowdown in the economy and the liquidity crisis. In fact, the amount raised by these 15 IPOs was also far less than that raised in 2018. The 15 companies that went ... Read More »
The IPO of Ujjivan Small Finance Bank, which has seen strong response from retail investors, closes today. The ₹750 crore IPO had opened on Monday at a price band of ₹36-37 per share. Ujjivan Small Finance Bank will use most of the IPO proceeds for increasing its Tier-1 capital base to meet its future capital requirements. The lot size in Ujjivan Small Finance ... Read More »
Aditya Birla Money’s IPO report on Ujjivan Small Finance Bank Ujjivan Small Finance Bank Ltd (USFB), promoted by Ujjivan Financial Services Ltd (UFSL), is a mass market focused small finance bank (SFB), catering to the unserved & underserved segment. USFB is doing an IPO to meet the RBI regulation which requires the SFB to list within a period of 3 ... Read More »
The IPO of Ujjivan Small Finance Bank opened today for subscription and the lender is looking to raise ₹750 crore through this issue. The bank has set a price band of ₹36-37 per share and the issue closes on Wednesday. The bank will utilise the proceeds of IPO for increasing its Tier-1 capital base to meet its future capital requirements and towards meeting the ... Read More »
Reforms have failed to boost public investment or provide relief to financial institutions. A comprehensive review is needed The outcome of reforms in India, in a broader sense, is remarkable. The breadth and depth of finance have vastly increased — be it in banking, financial markets, insurance, or fund management. Investment opportunities have grown with newer asset classes, an expanded ... Read More »
It will submit an interim report on November 30 Union Cabinet on Wednesday decided to extend the term of 15th Finance Commission by 11 months to October 30, 2020. This is the second extension. After the first one, the term was to end on November 30. The Commission will submit its interim report on Saturday, November 30, 2019. This will ... Read More »
The Centre and state governments seem to be on a collision course amid a sharp economic downturn that has eroded their financial positions. Fifteenth Finance Commission (FFC) chairman N.K. Singh on Friday sought a leverage with the Goods and Services Tax (GST) Council, arguing that tax rate cuts and grant of exemptions decided solely by the council affects the FFC’s goal of ... Read More »
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