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AU Small Finance Bank to make market debut on Monday

IPO of AU Small Finance Bank was oversubscribed 53.60 times during June 28-30 and raised Rs 1,912 cr

Press Trust of India  |  New Delhi 

Sanjay Agarwal, AU Small Finance Bank, AU Small Finance Bank IPO
Sanjay Agarwal, MD & CEO, AU Small Finance Bank. Photo: Kamlesh Pednekar

will make its debut tomorrow after successfully concluding its initial public offer late last month.

The of was oversubscribed 53.60 times during June 28-30 and raised Rs 1,912 crore.


Qualified Institutional Buyers (QIBs) portion was oversubscribed 78.77 times, non-institutional investors a staggering 143.51 times and retail investors 3.52 times.

Price band for the offer was fixed at Rs 355-358 per share.

The book running lead managers to the offer were Securities, Bank (Investment Banking Group), Investment Advisors and Citigroup Global India.

received licence from the RBI to set up a small finance bank in December 2016 and commenced operations from April this year.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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