The Listing of ujjivan small finance bank is scheduled on December 12, 2019 and after its massive 166 times oversubscription everyone is now eyeing for its listing price.
The issue was of Rs. 750 Cr. and upper price bank was Rs. 37/- per share.
The Grey market premium of share is around Rs. 26-28/- per share as on December 11, 2019.
The premium listing is expected for the issue as the issue was well priced at attractive valuation, the experienced management and pan India presence is a plus point for the issue to list higher.
IPOresearch team expects Ujjivan small finance bank to list between Rs. 65-68/- per share which means gain of Rs. 28-31 per share and it comes to handsome 75% – 84% of listing gain.
Among the leading small finance banks in India, Ujjivan Bank has maintained strong asset quality with lowest gross non-performing assets at 0.85 % September quarter 2019.
Let’s hope for the best and watch the listing of security tomorrow.
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