New Delhi: The initial public offer (IPO) of AU Small Finance Bank was oversubscribed 28.80 times till late afternoon trade on the last day of bidding Friday.

The IPO to raise 1,912 crore received bids for 1,08,56,43,264 shares against the total issue size of 3,76,95,520 shares, data available with the NSE till 1515 hours showed. The offer was subscribed 1.36 times till Thursday.

AU Small Finance Bank on Tuesday raised 563 crore from 34 anchor investors. Price band for the offer is 355-358 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.

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