AU Small Finance Bank makes strong listing gains, rallies 47% on BSE debut
The issue attracted 13,19,347 applications and the lender added nearly 4,50,000 new shareholders.
By ETMarkets.com |
NEW DELHI: AU Small Finance Bank on Monday made a strong debut on BSE, as the scrip got listed at Rs 525, a 46.65 per cent premium to the issue price of Rs 358 apiece.
The scrip eventually closed the day at Rs 541.20, up Rs 183.20 or 51.17 per cent. At this price, the bank commands a market capitalisation of Rs 15,383.66 crore.
The Rs 1,912 crore IPO, which was sold between June 28 and June 30, was subscribed 53.60 times. The category reserved for qualified institutional buyers (QIBs) was subscribed 78.77 times, while the quota reserved for non-institutional investors (NIIs) and retail individual investors (RIIs) were subscribed 143.51 times and 3.52 times, respectively.
The issue attracted a total of 13,19,347 applications and the lender added nearly 4,50,000 new shareholders post the issue.
AU Small Finance Bank in December 2016 received licence from the Reserve Bank of India (RBI) to set up a small finance bank. It commenced operations in April this year.
The bank operates in three business segments, where vehicle finance accounts for 50 per cent of AUM, micro, small & medium enterprises 30 per cent and small & medium enterprises 20 per cent. Over FY15-17, the lender’s gross AUM saw a 39 per cent CAGR resulting in 58 per cent PAT CAGR during the same period.
The scrip eventually closed the day at Rs 541.20, up Rs 183.20 or 51.17 per cent. At this price, the bank commands a market capitalisation of Rs 15,383.66 crore.
The Rs 1,912 crore IPO, which was sold between June 28 and June 30, was subscribed 53.60 times. The category reserved for qualified institutional buyers (QIBs) was subscribed 78.77 times, while the quota reserved for non-institutional investors (NIIs) and retail individual investors (RIIs) were subscribed 143.51 times and 3.52 times, respectively.
The issue attracted a total of 13,19,347 applications and the lender added nearly 4,50,000 new shareholders post the issue.
AU Small Finance Bank in December 2016 received licence from the Reserve Bank of India (RBI) to set up a small finance bank. It commenced operations in April this year.
The bank operates in three business segments, where vehicle finance accounts for 50 per cent of AUM, micro, small & medium enterprises 30 per cent and small & medium enterprises 20 per cent. Over FY15-17, the lender’s gross AUM saw a 39 per cent CAGR resulting in 58 per cent PAT CAGR during the same period.
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