AU Small Finance listing hit by NSE tech glitch; trading starts late
AU Small Finance Bank touched an intraday high of Rs 540 and low of Rs 523.70.
On the National Stock Exchange, AU Small Finance share price was trading at Rs 529.50, up Rs 171.50 or 47.90 percent, with volumes of 26.63 lakh shares, at 13:44 hours IST.
After trading at Rs 525 in pre-opening trade between 12:15 to 12:22 pm, the stock opened at Rs 530 on the NSE in normal trading session.
It touched an intraday high of Rs 540 and low of Rs 523.70.
The NSE's technical glitch due to software issues started in opening trade itself and that halted trading on the exchange till 12:15 pm, i.e. for 3 hours.
The exchange made three attempts to restart normal trading in cash as well as futures & options segments - one is at 9:15 am, followed by 10:45 am and 11:15 am.
AU Small Finance Bank received a license from the Reserve Bank of India to set up a small finance bank in December 2016 and commenced operations from April this year.The Rs 1,912-crore initial public offer of AU Small Finance Bank, which was opened during June 28-30, was oversubscribed 53.60 times on strong response from QIBs and HNIs.