 "AU Small Finance Bank to make market debut on Monday")
The IPO of AU Small Finance Bank 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.
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The book running lead managers to the offer were ICICI Securities, HDFC Bank (Investment Banking Group), Motilal Oswal Investment Advisors and Citigroup Global Markets India.
AU Small Finance Bank 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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