Ujjivan Small Finance Bank To Make Stock Market Debut On Thursday
A woman carries a Rs two thousand banknote in Dadri. (Photographer: Anindito Mukherjee/Bloomberg)

Ujjivan Small Finance Bank To Make Stock Market Debut On Thursday

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Ujjivan Small Finance Bank Ltd., which recently concluded its Rs 750-crore initial public offering, will make its stock market debut on Thursday.

The shares will be listed on the Bombay Stock Exchange and the National Stock Exchange, parent Ujjivan Financial Services Ltd. said in a filing.

The Ujjivan Small Finance Bank IPO, which was open for subscription Dec. 2-4, was subscribed more than 165 times at a price band of Rs 36-37 per share.

The category meant for qualified institutional buyers was subscribed 111 times, non-institutional investors category witnessed a subscription of 473 times, while the same for retail investors stood at over 49 times. Kotak Mahindra Capital Co. Ltd., JM Financial and IIFL Securities managed the offer.

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