Ujjivan Small Finance Bank IPO allotment status is likely to be finalised today, according to brokerages. Karvy Fintech Private Limited is the registrar of the Ujjivan Small Finance Bank and subscribers can check the allotment status on its website. Ujjivan Small Finance Bank shares are likely to get listed on December 11. The issue, which was open from December 2 to December 4, was subscribed a whopping 165.64 times. The price range of Ujjivan Small Finance Bank IPO was fixed at ₹36-37 per share while the lot size was 400 shares.
Those who had applied for Ujjivan Small Finance Bank IPO can check their allotment status through application number, DPID/Client ID or PAN.
The ₹750-crore initial public offering (IPO) received bids for 2,053 crore shares against the total issue size of 12.39 crore shares.
Among the different segments, the category reserved for qualified institutional buyers (QIBs) was subscribed 113.80 times while non-institutional investors was subscribed 486.14 times, Press Trust of India reported. The retail individual investors category was subscribed 50.16 times.
Ujjivan Small Finance Bank went past IRCTC, which had made a bumper debut on exchanges, to become the most subscribed IPO so far this year. IRCTC IPO was subscribed 111.91 times in October.
Share allotment happens as per predefined rules. The total number of shares available for retail investors is divided by the minimum lot size, which in Ujjivan Small Finance Bank's case is 400. This determines the maximum number of applicants who will receive allotment. A lottery is held in case if the number of applicants are more than this.
Ujjivan Small Finance Bank had mopped up ₹303.75 crore from anchor investors. 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.
Equitas Small Finance Bank last week approved issuance of of 4.7 crore shares of Rs. 10 each at a price of ₹52.68 per equity share, aggregating to Rs. 250 crore by private placement, representing 4.51% post- issue paid-up share capital of the bank.
Equitas Small Finance Bank is also likely to come up IPO this fiscal to comply with RBI's guidelines.
(With Agency Inputs)