The IPO, which got fully subscribed on the first day itself, saw an overall 165.68 times subscription by end of third and final day of the bidding process. It overtook the IRCTC issue, which saw 112 times subscription in October, 2019.
The issue received bids for 20,53,66,79,600 shares against the issue size of 12,39,58,333 shares, as per exchanges data.
The quota reserved for qualified institutional buyers (QIBs) was subscribed 110.72 times, non-institutional investor (NII) quota 473 times and the retail quota 49 times.
Investors need to keep one of these things ready to check share allotment — PAN or IPO application number or depository client ID (DPID).
Allotment status will most likely start reflecting from Tuesday onwards on the website of its registrar Karvy Fintech Private Limited.
The registrar to an issue is a Sebi-registered entity, qualified to act as such, and which electronically processes all the applications and carries out the allotment process as per the prospectus. The registrar is responsible for complying with the time deadlines of updating the electronic credit of shares to the successful applicants, dispatch and uploading of refunds and attending to all investor-related queries after the issue is completed.
Before Ujjivan, CSB Bank, IRCTC, Affle India and Polycab India were other issues that saw over 50-time subscription this calendar. They all saw strong market debut.
CSB Bank was listed at 41 per cent premium at Rs 275 whereas IRCTC climbed 101 per cent on market debut to Rs 644. Affle India got listed at a 24.82 per cent premium at Rs 929 against its issue price of Rs 745 per share. Polycab India, on the other hand, got listed at an 18 per cent premium to issue price.
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