Not surprisingly, the Ujjivan IPO received a tremendous response from investors on the last day of the IPO. According to estimates ahead of the final close, the IPO had seen an overall oversubscription to the tune of 166 times as on the last day of the IPO. Against the offer size of 12.4 crore shares, the total bids were for close to 2053.5 crore. The total bids were almost worth Rs.76,000 crore worth of shares and represents the biggest oversubscription percentage in the last 2 years.

The retail portion got oversubscribed by 48.67 times showing signs of sharp retail appetite for low priced stocks while the institutional oversubscription was to the tune of 110 times. Non-institutional investors (larger the set of investors who borrow and invest) saw an oversubscription of 473 times, which could sharply hike the price for these IPO investors and hike the breakeven price on listing. The stock is likely to be priced in the IPO at the upper end of the band at Rs.37 per share.