AU Small Finance Bank IPO subscribed by 11%
AU Small Finance Bank Limited got subscribed by 11% as of 1500 hours on its first day of subscription on Wednesday. The total issue size of the IPO stood at 3,76,95,520 shares. The total bids received stood at 41,17,507 shares and total bids received at cut-off price stood at 32,13,129 shares.
IPO is going to issue 53,422,169 equity shares of face value Rs 10 per share. The IPO would be following the book building process wherein the price band is set at Rs 355 to Rs 358 per share. The floor price is 35.50 times the face value and the cap price is 35.80 times the face value.
The minimum order quantity for the IPO is one market lot containing 41 shares. Therefore, bids can be made for a minimum of 41 equity shares and in multiples of 41 equity shares thereafter.
The price/earnings ratio based on diluted EPS (excluding exceptional item) for FY 2017 for the issuer at the upper end of the price band is as high as 30.49 as compared to the average industry peer group
P/E ratio of 30.16.
ICICI Securities Limited, HDFC Bank Limited, Motilal Oswal Investment Advisors Limited and Citigroup Global Markets India Private Limited are Book Running Lead Managers for the issue. The four BRLMs associated with the offer have handled 37 public issues in the past three years out of which 13 issues closed below the offer price on listing dates.
IPO is going to issue 53,422,169 equity shares of face value Rs 10 per share. The IPO would be following the book building process wherein the price band is set at Rs 355 to Rs 358 per share. The floor price is 35.50 times the face value and the cap price is 35.80 times the face value.
The minimum order quantity for the IPO is one market lot containing 41 shares. Therefore, bids can be made for a minimum of 41 equity shares and in multiples of 41 equity shares thereafter.
The price/earnings ratio based on diluted EPS (excluding exceptional item) for FY 2017 for the issuer at the upper end of the price band is as high as 30.49 as compared to the average industry peer group
P/E ratio of 30.16.
ICICI Securities Limited, HDFC Bank Limited, Motilal Oswal Investment Advisors Limited and Citigroup Global Markets India Private Limited are Book Running Lead Managers for the issue. The four BRLMs associated with the offer have handled 37 public issues in the past three years out of which 13 issues closed below the offer price on listing dates.
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