Established in 2017, the Ujjivan Financial Services-controlled Small Finance Bank offers small finance to underserved and unserved segments in India.
The state-owned company raised Rs 645 crore through its initial public offer (IPO).
In terms of number of deals, India ranked sixth globally
The issue was subscribed about 81 per cent on the opening day of bidding on Monday. The price range for the initial public offering (IPO) has been fixed at Rs 315-320 per share.
These six companies are currently valued at Rs 6,272 crore, 19 per cent higher than the Rs 5,275 crore they collectively raised via IPOs
Market players said spike in volatility, particularly in the broader market, took a toll on the primary market activity