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 of your allotment on Karvy Fintech’s website here. Karvy Fintech is the registrar of the IPO. You can search the allotment status with application id, DPID/client id or with your PAN card number. Share allotment is done as per SEBI rules.
The IPO, which was open from December 2 to 4, had a price band of ₹36-37 and a face value of ₹10. Reuters reported that Ujjivan has finalised ₹37 as the allotment price which means that those who bid below ₹37 will not be eligible for allotment of shares.
Existing shareholders of its holding company, Ujjivan Financial Services Ltd, have been offered a discount of ₹2 per share.
Kotak Mahindra Capital Company Ltd, IIFL Securities Ltd and JM Financial Ltd were the book running lead managers for Ujjivan Small Finance Bank’s IPO.
The category reserved for qualified institutional buyers (QIBs) was subscribed 113.80 times, that for non-institutional investors was subscribed 486.14 times, while retail individual investors category was subscribed 50.16 times.
Ujjivan Small Finance Bank’s offering follows a bumper subscription and trading debut last week by Kerala-based CSB Bank Ltd, whose shares surged 53.9% on listing day.
Ujjivan Small Finance Bank has already mopped up ₹303.75 crore from anchor investors like the Government of Singapore, Monetary Authority of Singapore, CX Partners Fund, Aberdeen, HDFC Life Insurance Company, Bajaj Allianz Life Insurance Company, Sundaram Mutual Fund, Goldman Sachs India, ICICI Prudential participated in anchor investor bidding.