AU Small Finance Bank IPO Opens today – Hashthought.com

AU Small Finance Bank IPO Opens today

 

New Delhi. The IPO of the Au Small Finance Bank is opening today. The IPO will be open from today to 30th June. The company has fixed the price band of IPO 355 to 358 rupees per share. The lot size of the issue is of 41 shares.

The plan is to raise about Rs 1,912 crore through the IPO of the Au Small Finance Bank. The company is selling 5.34 crore shares in the Capital Market. After the IPO, the promoter stake will be reduced from 36 per cent to 33 per cent. Some investors of the company are also selling their share in this issue. After the IPO, their stake will be 47 per cent to 32 per cent.

Rs 563 crore mobilized with Anchor Investors

The company has raised 56.3 million rupees by placing 1.53 crore shares to 34 Anchor Investors on Tuesday.

Avoid Investing in IPO
The IPO value in the gray market is Rs 100, whereas the issue price is Rs 358. Its value is quite high.
They say that the company is not getting the money collected from the IPO.

Existing shareholders are selling their shares.

So do not invest in its IPO. After listing, after investing in the stock, invest in the Au Small Finance Bank.

Issue Detail:

  »»  Issue Open Between : Jun 28, 2017 – Jun 30, 2017 
  »»  Issue Size: 
    ›  Offer for Sale of 53,422,169 Equity Shares of Rs 10
  »»  Face Value: Rs 10 Per Equity Share 
  »»  Issue Price: Rs 355 – Rs 358 Per Equity Share 
  »»  Market Lot: 41 Shares 
  »»  Minimum Order Quantity: 41 Shares 
  »»  Listing At: BSE, NSE

 

Company Contact Information

Au Financiers (India) Limited
19 – A Dhuleshwar Garden,
Ajmer Road,
Jaipur – 302001
Phone: +91 141 4110060
Fax: +91 141 4110090
Email: ipo@aufin.in
Website: http://www.aufin.in

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