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AU Small Finance Bank IPO oversubscribed 53.5 times on stellar response

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.

June 30, 2017 / 07:32 PM IST
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The initial public offer of AU Small Finance Bank has received an encouraging response on Friday, the final day for subscription. It got bids for more than 201 crore equity shares against issue size of 3.76 crore shares (excluding anchor investors' reserved portion).

The Rs 1,912-crore public issue has oversubscribed 53.48 times, as per data available on the exchange.

The portion set aside for qualified institutional buyers oversubscribed 78.77 times and non-institutional investors 143.51 times.

The reserved portion of retail investors oversubscribed 3.31 times.