Ujjivan Small Finance Bank gains on launching QIP with floor price of Rs 21.93 per share
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Ujjivan Small Finance Bank is currently trading at Rs. 24.50, up by 0.15 points or 0.62% from its previous closing of Rs. 24.35 on the BSE.
The scrip opened at Rs. 23.50 and has touched a high and low of Rs. 24.95 and Rs. 23.50 respectively. So far 386456 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 25.85 on 13-Sep-2022 and a 52 week low of Rs. 13.50 on 23-Jun-2022.
Last one week high and low of the scrip stood at Rs. 25.85 and Rs. 23.20 respectively. The current market cap of the company is Rs. 4234.37 crore.
The promoters holding in the company stood at 83.32%, while Institutions and Non-Institutions held 0.83% and 15.85% respectively.
Ujjivan Small Finance Bank has launched its QIP (Qualified Institutional Placement) with a floor price of Rs 21.93 per share to meet the regulatory requirement ahead of merger with its parent company. Floor price refers to the minimum price in a share issuance programme. A meeting of the Merger and Placement Committee of the board is scheduled to be held on September 15, 2022 to consider and approve the issue price, including any discount.
Ujjivan Small Finance Bank (USFB) offers small finance to underserved & unserved segments in India. The bank aims to work for the financial inclusion of the country.
