Ujjivan Small Finance Bank , the auxiliary of Ujjivan Financial Services initiated its first exchange on BSE at a cost of Rs 58 on December 12. It got recorded with a premium of about 56.75 percent which is higher than the issue cost of Rs 37 for each offer. The Rs 750 Cr public issue is getting a gigantic reaction. Moreover, the stock showed a decent working exhibition and resource quality in April to September 2019 contrasted with the prior years. The market master Hemang Jani , Senior Vice President, Sharekhan shared his perspectives on the Ujjivan Small Finance Bank Listing in a meeting with ETNow and some more. Q: Are you expecting a guard posting for Ujjivan Small Finance Bank? He said truly, in light of the market assumption for IPOs. Also, Ujjivan SFB showed a decent improvement in profit with respect to NPL quality. Aside from it, the development perceivability is around 18-20%. According to the master, the stock may open around Rs 52. Then...
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