IPOs are back in favour as Indian investors lap up Ujjivan, Thyrocare issues

IPOs are back in favour as Indian investors lap up Ujjivan, Thyrocare issues

Ujjivan has recently sold about 12.6 million shares to 17 domestic institutional investors at Rs210 per share. Photo: Hemant Mishra/Mint

Ujjivan Financial Services Ltd, a microfinancier that has received in-principle approval to convert itself into a small finance bank, raised Rs.885 crore in an initial public offering (IPO) that closed Monday after receiving demand for more than 40 times the shares on offer.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter