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Ujjivan Small Finance Bank IPO subscribed 8 times on final day, retail book 31x
December 4, 2019 | By Moneycontrol.com
business
Nirmal Bank said Ujjivan Small Finance Bank was being offered at trailing P/ABV of 2.1x on post diluted basis leaving good scope for appreciation and thus it recommended subscribing to the issue.
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The Rs 750-crore IPO of Ujjivan Small Finance Bank, the subsidiary of listed microfinance lender Ujjivan Financial Services, has subscribed 7.65 times on the final day of bidding December 4. The strong response from all categories of investors continued as t
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