Ujjivan Financial Services was listed at the NSE at Rs. 231.90 per share up, 10.4% over its issue price of Rs. 210 per share.
On BSE, the stock opened at Rs. 227, 8% higher compared to its issue price.
The stock touched a high of Rs. 244 and low of Rs. 217.05 on the BSE.
The company has already received in-principle nod to set up a small finance bank, is the second microfinance firm to go public this fiscal.
The Rs.885 crore IPO of Ujjivan Financial Services was oversubscribed nearly 41 times earlier this month. The price band for the offer was fixed at Rs.207-210 and was open for subscription from April 28-May 2.
In two block deals, 6.6 lakh shares were traded at Rs.228.15 - 231.85 per share on the NSE.
The Reserve Bank of India has yesterday notified that in view of listing of shares of the company, Ujjivan Financial Services Limited on stock exchange, the aggregate investment ceiling for Foreign Institutional Investor (FII) / Registered Foreign Portfolios Investors (RFPI) investment under Portfolio Investment Scheme shall remain at 49%.
The scrip opened at Rs. 227 and touched a high and low of Rs. 244 and Rs. 217.05 respectively. A total of 57942523(NSE+BSE) shares were traded on the counter.
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