Ujjivan Small Finance Bank has made a stellar debut on the exchanges at Rs58/share. The share listed as a premium of 56% of its issue price of Rs37/share.
The premium was in response to the overwhelming subscription of 166 times received for the Rs 750-crore public issue and improvement in earnings along with asset quality in April-September 2019 against previous years.
The company will use its fresh issue proceeds towards raising its Tier–1 capital base to meet the future capital requirements.
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