So far the stock hit a high of Rs 62.8 and low of Rs 51.15. On BSE, 24.32 lakhs shares were traded on the counter so far.

Shares of Ujjivan Small Finance Bank (Ujjivan SFB) were listed on Thursday at Rs 58 on the BSE, premium of 56.76% to initial public offer (IPO) price of Rs 37. It closed at Rs 55.90 on BSE, a premium of 51.08% over IPO price.

The issue opened for bidding on 2 December 2019 and closed on 4 December 2019. The price band was fixed at Rs 36 to Rs 37 per share.

The IPO of Ujjivan SFB received bids for 2053.80 crore shares as against 12.39 crore shares on offer, as per the National Stock Exchange of India (NSE) data. The issue was subscribed 165.68 times.

The bank reported a net profit of Rs 187.11 crore on a net interest income of Rs 740.42 crore for the six months ended on 30 September 2019.

Ujjivan SFB commenced operations on 1 February 2017. It is a mass market focused small finance bank in India, catering to unserved and underserved segments. The bank is promoted by Ujjivan Financial Services (UFSL) - an NBFC which began operations in 2005.

In terms of the RBI in-principle approval, RBI final approval and SFB (small finance bank) licensing guidelines, the bank is required to list its equity shares on the stock exchanges within three years from the date of commencement of business by the bank, i.e., 31 January 2020.

Ujjivan SFB is spread across 24 states and union territories end March 2019. The bank has strong 4.94 million customers base operated from 552 Banking Outlets end September 2019.