AU Small Finance Bank Lists At A Premium Of 47%

AU Small Finance Bank got listed on BSE at Rs 525 per equity share at a huge premium of nearly 47%. The stock has moved higher by Rs 172 per share or 48% to Rs 530 per share.

The IPO issue had got oversubscribed by 53.6 times. The category reserved for qualified institutional buyers (QIBs) was oversubscribed 78.77 times, while the portions reserved for non-institutional investors and retail investors were oversubscribed 143.51 times and 3.52 times, respectively. The company raised around Rs 1,912 crore through this issue.

The issue had book building IPO process wherein price band was Rs 355 to Rs 358 per equity shares. The minimum order quantity was one market lot, wherein one lot included 41 equity shares.

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