Mumbai: Reflecting upbeat investor sentiment, the IPO of microfinance player Ujjivan Financial Services was oversubscribed nearly 41 times on the last day of bidding on Monday.
The Rs 885-crore public issue received bids for 1,20,62,70,590 shares against the total issue size of 2,96,63,706 shares, as per NSE data till 1930 hrs.
The portion set aside for qualified institutional buyers (QIBs) was oversubscribed 34.33 times, while bids from non-institutional investors were 136.25 times the shares on offer for the category, sources said.
Retail investors category was oversubscribed 3.99 times, they added. The figures are based on the upper price band of Rs 210.
This was the second IPO in less than a week to draw strong investor response. Last week, Thyrocare Technologies’ IPO witnessed strong investor demand and was oversubscribed 73.55 times on Friday.
