AU Small Finance Bank Limited is likely to introduce its initial public offering very soon on both of the Exchanges i.e. Bombay Stock Exchange and National Stock Exchange in upcoming days. An interested investor can go through all specific details of the IPO as Price Band and Dates, Company Profile, Allotment Status, Listing Dates etc.
The firm has drafted a Red Herring Prospectus and got approval for the same from the Regulatory firm Securities Board Of India. The IPO is scheduled for 28th June 2017 with a price band of Rs.355-358. The lot size of applying the IPO is for 53,422,169 shares. One can apply via ASBA to avail the benefit of listing this IPO. The maximum application amount for retail investors stood at Rs. 2 lacs. Public offering of the firm is registered for 53,442,169 Equity shares of face value Rs. 10 each. The company plans to raise between Rs.1896-1912 Crore (lower price band to upper price band) through its IPO offering.
Positive Outlook of the Firm:-
- Various Product offering and Revenue Streams.
- Customer Centric Organizational Commitment.
- Available in Rural and Semi-Urban Markets including Low and Middle Income Clients;
- Robust and Comprehensive Credit Assessment and Risk Management Framework.
- Access to Diversified Sources of Funding over the Years.
- Qualified and knowledgeable Management Team and Operational Personnel.
Objects Of The Issue:-
- To get the benefits of listing the equity share on NSE.
- To increase its visibility and brand image.
- Corporate purpose.
Summary Of Issue:
|Issue Open:-||28th June 2017 To 30th June 2017|
|Issue Type||Book Build Issue IPO|
|Issue Size (Shares)||53,422,169 Equity Shares|
|Issue Size in (Value)||Rs. 1896-1912 crores (Lower price band to upper price band)|
|Face Value||Rs. 10 Per Equity Share|
|Issue Price||Rs. 355 – Rs. 358 Per Equity Shares|
|Market lots||41 Shares|
|Minimum Order Quantity||41 Shares|
|Listing At||NSE, BSE|
Important dates for AU Small Finance Bank IPO Allotment Status
- The Allotment date for AU Small Finance Bank IPO issue is expected to be on or about 5th July, 2017.
- The amount will get unblocked on or about 6th July, 2017.
- The Shares are expected to credited in DP accounts on July 7th, 2017.
- The Shares of AU Small Finance Bank are likely to be listed on or about 10th July, 2017 on both BSE and NSE.
AU Small Finance Bank IPO Allotment Status
AU Small Finance Bank IPO allotment status would be available soon after the IPO closure date. Usually the allotment comes within a week from the closing date which in this IPO yet to be announced. One can check the allotment on the given below link with PAN number or Application number or DP Client Id.
All you need to do is to follow these steps:-
- Click on the given link See Allotment Status here
- Go to Application Status
- Select IPO as AU Small Finance Bank IPO
- Enter you PAN Number or Application Id or DP Client Id.
It takes little time to fetch information so you need to be little patient.