 "IPO market")
The initial public offering (IPO) of Ujjivan Small Finance Bank was subscribed 1.7 times on Monday, the first day of the IPO, buoyed by strong participation from retail investors.
The retail investor portion was subscribed nearly 9 times. However, only 10 per cent of the shares on offer were reserved for retail investors, against the usual 35 per cent.
The institutional investor portion was subscribed 0.24 times, and the high-net worth individuals portion was subscribed 0.44 times.
On Friday the company allotted shares worth Rs 303 crore to anchor investors. The allotment was made at Rs 37 per share.
The Government of Singapore, Monetary
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