Ujjivan IPO subscribed over 30 times; Top 5 things to know before Ujjivan Small Finance Bank listing date
Ujjivan Small Finance Bank IPO has been in the market for investment purposes and today is the last date for investors to invest in the small finance banks initial offer.
Ujjivan Small Finance Bank IPO (Initial Public Offer) has been in the market for investment purposes and December 4 i.e. today is the last date for share market investors to put their money in this small finance bank's initial offer. On the last date of Ujjivan Small Finance Bank IPO, the offer has been subscribed over 30 times, which reflects what stock market investors feel about the CSB Bank offer. According to the stock market experts, the Ujjivan Bank IPO would give at least 20 per cent returns to investors on the listing date itself.
Ujjivan IPO is the sixth public issue where the retail demand remained in double digits. The portion set aside for retail investors, which is generally 10 per cent of the total issue size, has been subscribed 34 times. The reserved category of qualified institutional buyers saw the subscription of 10.66 times and that of non-institutional investors 59.74 times. The shares worth Rs 75 crore are also reserved for shareholders of Ujjivan Financial Services in the Ujjivan Small Finance Bank IPO, and that portion, too, has oversubscribed by 2.9 times.
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However, Ujjivan Small Finance Bank IPO investors should know the following things, which may help them further maximise their returns after the Ujjivan Bank IPPO listing:
1] Ujjivan Bank IPO details: Price band offered to share market investors is Rs 36-37. Premium of Rs 26-27 as the base price of the Ujjivan shares is Rs 10.
2] Lot Size: One can apply in lots for the Ujjivan IPO and one lot would contain 400 Ujjivan Bank shares. So, an investor can apply in Ujjivan Small Finance Bank IPO in the multiple of 400 shares.
3] Date of Allocation: The Ujjivan Small Finance Bank IPO allocation will be done latest by 10th December 2019.
4] Listing: Ujjivan IPO listing will take place on 12th December 2019.
5] Risk Factor: The Ujjivan Small Finance Bank (SFB) has a limited operating history. Its future financial and operational performance cannot be evaluated on account of its evolving and growing operations. Accordingly, future results may not be reflective of its past performance. Further, Ujjivan SFB cannot effectively compare its financial statements for fiscal 2017 with its financial statements for fiscal 2018 and 2019 due to non-comparable reporting periods. The SGB has a lack of collateral back up in case of some MSE loans.
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