India's Ujjivan Small Finance Bank soars as much as 70% on debut

Indian Railway Catering and Tourism

12/12/2019 05:38

** Shares of Ujjivan Small Finance Bank  UJJI.NS  soars as
much as 69.73% to 62.80 rupees
    ** The lender had priced its IPO of 202.7 mln shares at 37
rupees per share
    ** IPO was subscribed over 165 times on the final day of its
offering
    ** Lender plans to use money raised from IPO to boost its
capital
    ** Stock is the biggest gainer on the NSE
    ** Other Indian IPOs this year, which received overwhelming
investor response, include Indian Railway Catering and Tourism
Corp Ltd  INIR.NS  and CSB Bank  CSBB.NS  
    ** IRCTC, whose shares were subscribed nearly 112 times,
soared 118.3% on its debut, while CSB Bank surged 57% on its
first day of trading

 (Reporting by Philip  George in Bengaluru)
 ((P.George@thomsonreuters.com; within U.S. +1 646 223 8780,
outside U.S. +91 80 6749 1609; Reuters Messaging:
p.george@thomsonreuters.net))