Ujjivan Small Finance Bank, the subsidiary of microfinance lender Ujjivan Financial Services started its first trade at Rs 58 on the Bombay Stock Exchange on December 12.The stock listed with a premium of 56.75 percent over the issue price of Rs 37 per share.The premium was warranted considering the tremendous response to the Rs 750-crore public issue and improvement in earnings along with asset quality in April-September 2019 against previous years, experts feel.Close "Premium listing was justified as the issue was well priced with attractive valuation when compared to other listed small bank peers which are trading higher price-to-book value, leaving something on table to the IPO investors. Better asset quality and experienced management with pan-India presence provided comforts to investors at the time of subscription," Prashanth Tapse, AVP Research at Mehta Equities told Moneycontrol. related news Ujjivan Small Finance Bank IPO: Analysts expect 50% listing premium … [Read more...] about Robust listing: Ujjivan Small Finance Bank debuts with 56% premium at Rs 58
Csb bank grey market premium
Ujjivan Small Finance Bank listed with a massive 56 percent premium over its issue price on December 12 despite volatility in the market.The stock touched an intraday high of Rs 62.8 on the National Stock Exchange (up 70 percent) after opening at Rs 58.75 against IPO price of Rs 37. The bumper listing was on expected lines given the strong response received for the company's IPO.Combined volume on BSE and National Stock Exchange was more than 20 crore equity shares.Close Ujjivan Small Finance Bank (USFB) is a subsidiary of microfinance lender Ujjivan Financial Services. related news Morgan Stanley bullish on NTPC, Adani Ports and L&T Infotech Initiating coverage: HDFC AMC and M&M among 10 stocks that could return 10-40% in 2020 Most experts are now advising investors to hold the stock for longer term on the back of good fundamentals. Though some suggest investors can do partial profit booking and hold the rest for longer term."Ujjivan SFB's … [Read more...] about Ujjivan Small Finance Bank: Should investors buy, sell or hold after the bumper listing?
Shares of Ujjivan Small Finance Bank closed with a gain of 51 percent on the listing day, December 12, on the back of buying interest from investors and strong subscription seen during IPO.The stock closed at Rs 55.90 on the BSE, a gain of 51.09 percent, or Rs 18.90 over issue price of Rs 37. It touched an intraday high of Rs 62.80 and low of Rs 53.10 after listing at Rs 58.On the National Stock Exchange, it rallied 51.22 percent to end at Rs 55.95 after hitting a day's high of Rs 62.80 and low of Rs 53.05. The opening price was Rs 58.75.Close Ujjivan SFB traded with volumes of 25.14 crore shares on the NSE and 1.61 crore shares on the BSE. related news Sterling & Wilson Solar share price gains 3% after Australian arm executes order Hikal share price jumps 12% as Panoli plant receives EIR from USFDA HDFC becomes the 5th firm to cross Rs 4 lakh crore in market cap "The experience of Ujjivan Financial Services as an erstwhile microfinance institution, coupled with the … [Read more...] about Ujjivan Small Finance Bank gains 51% on the first day
The Nifty is expected to open higher with a gap on December 12 following Asian markets, which were trading positive after the Federal Reserve signalled that rates were likely to remain accommodative.The Fed kept interest rates unchanged, as expected, at its policy meeting on December 11 but indicated interest rates would remain on hold, which nudged Wall Street stocks higher, reports Reuters.Trends on SGX Nifty indicate a positive opening for the broader index in India, with a 45.5 points gain. Nifty futures were trading around 11,994 levels on the Singaporean Exchange.Close The Sensex rose 172 points to 40,412 and the Nifty closed with gains of 53 points at 11,910 on December 11. related news Market Live: Nifty above 11,950, Sensex up 150 pts; Yes Bank top gainer Early on D-Street | Bullish momentum to strengthen if Nifty manages to hold 11,832 What changed for the market while you were sleeping? Top 10 things to know The rupee appreciated seven paise to settle at a … [Read more...] about Market Headstart: Nifty likely to open higher on Fed status quo; Ujjivan Small Finance Bank eyed
The Indian benchmark indices continues to trade in the green but is off the high point of the day with Nifty up 23 points at 11,869 while the Sensex added 77 points and is trading at 39,669 level.Nifty Realty is up over 2 percent led by Godrej Properties, Prestige Estates, Oberoi Realty, Sobha, Sunteck Realty, Indiabulls Real Estate, Unitech and Brigade Enterprises.Auto stocks continue to buzz led by Tata Motors and Tata Motors DVR which jumped over 3 percent each followed by Ashok Leyland, Eicher Motors, Motherson Sumi Systems and Mahindra & Mahindra.Close India VIX is down 2.17 percent and is trading at 14.43 levels. related news Market Live: SGX Nifty indicates a positive opening for Indian indices SBI Cards to list commercial paper on BSE for an issue size of Rs 400-cr Trade Setup for Friday: Top 15 things to know before Opening Bell From the banking space, the top gainers are Federal Bank, State Bank of India, Axis Bank, HDFC Bank, … [Read more...] about D-Street Buzz: Auto stocks gain led by Tata Motors; HDFC Bank, Titan Company at new highs