ABHI IPO price holds steady at Rs15/share on first day of book-building

ABHI Microfinance Bank’s IPO opened at Rs15 per share on Thursday, with that price unchanged after the first day of bidding, Business Recorder reported. The two-day process is set to finish on Friday, November 6, and the bank is seeking to raise at least Rs1.98 billion. Investors submitted bids for 79.07 million shares on day one, against 99 million shares offered in this phase; bidding will determine the final price.

A further 33 million shares are scheduled for retail buyers on November 12 and 13, taking the planned IPO total to 132 million shares. Depending on the final price, which can range from Rs15 to Rs22.50, proceeds could total Rs1.98 billion to Rs2.97 billion. The prospectus says the funds will support regulatory capital and portfolio growth; the bank’s capital adequacy ratio was negative 6.26% on June 30, 2026, and is projected to reach 17.77% by the end of CY27.