Ujjivan Small Finance Bank: Analysts still bullish despite bumper listing

The IPO of the lender, which was open for subscription during December 2-4, was subscribed more than 170 times at a price band of Rs 36-37 per share

Ujjivan Small Finance Bank (SFB) got off to a solid start at the bourses on Thursday as the shares got listed at Rs 58 apiece on the BSE, a 57 per cent premium against the issue price of Rs 37 per share on the BSE. The stock rallied further to hit a high of Rs 62.80 in the intra-day trade. 

The initial public offering (IPO) of the lender, which was open for subscription during December 2-4, was subscribed more than 170 times at a price band of Rs 36-37 per share. The institutional investor portion saw 114x oversubscription, high-net worth