Ujjivan IPO makes stellar debut

New Delhi: Ujjivan Small Finance Bank made a strong debut on stock exchanges on Thursday, listing with a hefty premium of over 57 per cent against the issue price of Rs 37.

The scrip listed at Rs 58 on the BSE, a surge of 57 per cent against the issue price of Rs 37. During the day, it fell to Rs 53.10 before settling at Rs 55.90.

On the NSE, the scrip opened at Rs 58.75 and soon touched the day's high of Rs 62.80. The stock finally settled at Rs 55.30, down 5.87 per cent from the listing price.

A total of 1.61 crore shares of the company were traded on the BSE and 25.14 crore units on the NSE during the day.

At the end of the trading session, the company's market valuation stood at Rs 9,660.77 crore on the BSE.