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AU Small Finance Bank makes strong debut, lists at 47% premium to IPO price

The stock listed at Rs 525, a 47% premium against its IPO price of Rs 358 per share.

AU Small Finance Bank, AU Small Finance Bank IPO, IPO
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Photo: www.aubank.in

SI Reporter Mumbai
AU Small Finance Bank has listed at Rs 525, a 47% premium against its initial public offer (IPO) price of Rs 358 per share on the BSE.

At 10:01 am; the stock was trading at Rs 528, after hitting a high of Rs 544 in intra-day trade so far.  Around 8.57 million shares changed hands on the counter, the BSE data shows.

The NBFC IPO received a strong response from institutional as well as retail investors. The issue was oversubscribed 53.60 times backed by a strong response from high networth individuals (HNI), which was oversubscribed 144 times and

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