Appended is the quote being shared by Ajay Saraf, Executive Director, ICICI Securities Ltd post today’s listing of AU Small Finance Bank IPO:
“We are delighted to be a part of this journey of bringing AU Small Finance Bank to the Indian Capital Markets. With an issue size of over 1900 crore, it was one of the largest issue to hit the capital markets in calendar year 2017. This issue received an overwhelming response from various categories of investors with an overall subscription of 55 times and got listed today at a whopping 47% premium. This is the testimony to the strong corporate governance, transparency, systems and most importantly management team led by Mr. Sanjay Agarwal.” I-Sec was one of the BRLM for this IPO.
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