 "AU Finance public offer subscribed 54 times")
AU Small Finance Bank’s initial public offering (IPO), which closed on Friday, garnered 54 times subscription, with the issue generating bids worth Rs 72,000 crore. The huge response was on the back of encouraging listing for Central Depository Services (CDSL) and investor interest towards non-banking finance companies.
The institutional investor portion of the IPO garnered a subscription of 79 times, the high net worth individual (HNI) portion 143 times and retail (individual) investor portion 3.3 times. The IPO attracted more than a million applications.
On Thursday, the Reserve Bank allowed foreign institutional investors to also participate in the
The institutional investor portion of the IPO garnered a subscription of 79 times, the high net worth individual (HNI) portion 143 times and retail (individual) investor portion 3.3 times. The IPO attracted more than a million applications.
On Thursday, the Reserve Bank allowed foreign institutional investors to also participate in the
