New Delhi: The initial public offer of AU Small Finance Bank was subscribed 1.36 times on the second day of the bidding on Thursday0. More From Livemint »The category reserved for qualified institutional buyers (QIBs) was subscribed 2.47 times, non institutional investors 70% and retail investors 1.07 times. AU Small Finance Bank on Tuesday raised Rs563 crore from 34 anchor investors. The book running lead managers to the offer are ICICI Securities, HDFC Bank (Investment Banking Group), Motilal Oswal Investment Advisors and Citigroup Global Markets India. AU Small Finance Bank received licence from the RBI to set up a small finance bank in December 2016 and commenced operations from April this year.

Source: Mint June 29, 2017 11:39 UTC