Ujjivan IPO allotment status and listing: MASSIVE 70% gains for investors likely on debut from this share

Ujjivan IPO allotment is underway and those who have got shares in the Ujjivan SFB IPO are now looking for clues to how high will this SFB's public offer open on listing day.

Ujjivan IPO Listing post-allotment is expected to take place at around Rs 60 to Rs 63 per Ujjivan shares on December 12th, say stock market experts. Photo: Reuters

Ujjivan IPO allotment is underway and those who have got shares in the Ujjivan SFB IPO are now looking for clues as to how high this SFB public offer will open on listing day. i.e. December 12th. According to the stock market experts, the Ujjivan IPO got oversubscribed by 165.6 times, which means the IPO comes with PE of 16.5 times. Share market experts are of the opinion that the Ujjivan IPO listing will take place at around 60 to 70 per cent higher than its issue price of Rs 36-37 per share. This means those who have been allocated the Ujjivan IPO can expect the Ujjivan share debut at around Rs 60 to Rs 63 per share at the Indian indices on December 12th — Ujjivan IPO listing date. Ujjivan allotment status can be found from Karvy Fintech Private Limited website, which is https://corpreg.karvy.com/ipostatus.

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Speaking on the Ujjivan Small Finance Bank IPO Santosh Meena, Senior Analyst, TradingBells said, "The initial public offering (IPO) of Ujjivan Small Finance Bank, the subsidiary of microfinance lender Ujjivan Financial Services Ltd, saw a massive subscription of 165.6 times. The issue saw the highest subscription among all IPOs since January 2018. Ujjivan Small finance attracts huge subscriptions from all categories of investors because of its attractive valuation and strong asset quality. The IPO comes with PE of 16.5 which is half of its listed peer AU SFB and PB of 2.3 where AU SFB is trading at PB of 6.9. Apart from attractive valuations, the rural penetration of its promoter will help it to expand its banking services to PAN India."

On Ujjivan IPO Analysis Meena went on to add that if we talk about HNI subscriptions then it was 486 times which means HNIs need a healthy listing of Ujjivan SFB to make a profit and if we try to calculate a rough estimate then it should list above Rs 57 for HNIs to come at BEP. Grey market is suggesting a premium of Rs 27 means indicating a listing around Rs 64. If we go through the overall picture then retail investors can make a listing gain of more than 50 per cent.

About the Ujjivan IPO listing price, Sumeet Bagadia, Executive Director at Choice Broking said, "Ujjivan IPO has attracted 165.6 times oversubscription, which indicates that the Ujjivan Small Finance Bank IPO listing will take place at least 60-70 per cent higher from its issue price of Rs 36-37 per shares. In my opinion, those who are not jobbers should hold the Ujjivan share for six to one year and maximise the worth of one's money."

Bagadia said that after Ujjivan IPO listing there can be further upside movement and profit-booking may get triggered. After that profit booking, there can be an upside movement in the Ujjivan share price for the next six months to one year where a retail stock market investor can maximise his or her returns.

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