Street cheers for Ujjivan Small Finance Bank as stock soars 50% on debut

Continuing with the recent trend of stellar listings, Ujjivan Small Finance Bank (SFB) saw its stock soar close to 70 per cent on its debut, on Thursday. The stock had attracted huge demand in its initial public offering (IPO) last week. It closed its first day at Rs 55.3, which was Rs 18.3 or 50 per cent higher than its issue price of Rs 37. 

The Ujjivan SFB stock touched a high of Rs 62.8 and low of Rs 53 on the National Stock Exchange, where over Rs 1,400 crore worth of shares changed hands. Ujjivan SFB’s Rs 750-crore IPO garnered