Ujjivan Small Finance Bank IPO Listing Expectations

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.

Disclaimer: The views and expectations expressed by iporesearch team is their own and we strongly advise users to check with certified experts before taking any investment decision. However, iporesearch.co.in does not guarantee the accuracy, adequacy or completeness of any information and is not responsible for any errors or omissions or for the results obtained from the use of such information. Iporesearch.co.in especially states that it has no financial liability whatsoever to any user on account of the use of information provided on its website.

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