Ujjivan Small Finance Bank has debuted at Rs 58.00 on the BSE, up by 21 points or 56.75% from its issue price of Rs 37.
The scrip is currently trading at Rs 54.00, up by 17.00 points or 45.95% from its issue price. It has touched a high and low of Rs 62.80 and Rs 53.10 respectively. So far 126.76 lakh shares were traded on the counter.
The offering, which was open for subscription between December 02, 2019 and December 04, 2019, was subscribed more than 165 times. The issue price was fixed at Rs 37 per share i.e. at upper end of price band of Rs 36-37 apiece.
Ujjivan Small Finance Bank (USFB) offers small finance to underserved & unserved segments in India. The bank aims to work for the financial inclusion of the country.
