Home >market >stock-market-news >AU Small Finance Bank IPO subscribed 1.36 times on Day 2

New Delhi: The initial public offer of AU Small Finance Bank was subscribed 1.36 times on the second day of the bidding on Thursday0.

The IPO, to raise Rs1,912 crore, received bids for 5,14,01,659 shares against the total issue size of 3,76,95,520 shares, data available with the NSE showed.

The category reserved for qualified institutional buyers (QIBs) was subscribed 2.47 times, non institutional investors 70% and retail investors 1.07 times.

AU Small Finance Bank on Tuesday raised Rs563 crore from 34 anchor investors. Price band for the offer, which would close on Friday, is Rs355-358 per share.

The book running lead managers to the offer are ICICI Securities, HDFC Bank (Investment Banking Group), Motilal Oswal Investment Advisors and Citigroup Global Markets India.

AU Small Finance Bank received licence from the RBI to set up a small finance bank in December 2016 and commenced operations from April this year.

Subscribe to newsletters
* Enter a valid email
* Thank you for subscribing to our newsletter.

Click here to read the Mint ePaperLivemint.com is now on Telegram. Join Livemint channel in your Telegram and stay updated

My Reads Logout