Ujjivan Small Finance Bank made investors rich, got 58% profit in 8 days

Those who invested money in Ujjivan Small Finance Bank's IPO have received bumper returns. On Thursday, the bank's stock was listed on the NSE at a premium of 58 .78 percent. It is listed at Rs 58.75 against its issue price of Rs 37 per share.

New Delhi:  Those who invested money in Ujjivan Small Finance Bank's IPO have received bumper returns. On Thursday, the bank's stock was listed on the NSE at a premium of 58 .78 percent. It is listed at Rs 58.75 against its issue price of Rs 37 per share. This means that investors have gained Rs 21.75 on one share. Let us tell you that this is the third bumper listing in the IPO market. Earlier, the shares of CSB Bank and IRCTC had doubled investors' money. The IPO of Ujjivan Small Finance Bank received bids more than 165 times. It became the highest bidder IPO in the year 2019.
Know about Ujjivan Small Finance Bank - Ujjivan Small Finance Bank is a subsidiary company of Ujjivan Financial Services. Ujjivan Financial Services started functioning as a public company in 2016.

>> Started banking business in February 2017 after getting license to start small bank from Reserve Bank (RBI).

>> Currently, there are 552 branches and 441 ATMs in 24 cities across the country. Most of the branches of USFB are operational in Tamil Nadu, Karnataka and West Bengal.

58% profit in just 8 days- Let us tell you that the IPO of Ujjivan Small Finance Bank closed on December 4 and its listing has been done on December 12. In such a situation, if someone has invested money in it, shares have also been received, then in just 8 days there has been a profit of 58 percent.

>> Investors received strong response - 113.80 times higher bids were received for the Qualified Institutional Buyers (QIB) category, while 486.14 times higher bids were received for the Non-Institutional Investors category, while 50.16 times higher for the Retail Individual Investor category. There were bids.

>> Ujjivan Small Finance Bank Anchor Investors like Government of Singapore, Monetary Authority of Singapore, CX Partner Fund, Aberdeen, HDFC Life Insurance Company, Bajaj Allianz Life Insurance Company, Sundaram Mutual Fund, Goldman SAC India, ICICI Prudential already 303.75 crores Has raised Rs.

You can also invest money in an IPO - You can invest directly in your IPO, for which you have to have a demat account. It can be invested through a broker.

>> Every brokerage house maintains a separate section on its website for investing in IPOs. Where you can fill in some information and apply for an IPO.

>> The key in these information is how much stock you want to apply at what price. According to your application, the same amount is blocked from IPO to listing.

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