Ujjivan goes for the top with Rp9bn India IPO in the bag

rupees 230-150x
By Jonathan Breen
05 May 2016

India’s Ujjivan Financial Services has bagged Rp8.8bn ($132.3m) after pricing its listing at the top of its marketing range, in line with the level where investors placed the bulk of their orders.

The microfinance lender wrapped up bookbuilding on Monday afternoon and set the final price for the IPO at the end of Tuesday. It priced the offering at the top of the Rp207-Rp210 band after a flood of orders made books 40.7x subscribed, according to a source close to ...

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