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Ujjivan Small Finance Bank IPO – Price, Allotment, Listing, Subscription, GMP – Financial Matters

Ujjivan Small Finance Bank Incorporated in year 2017, it has now received markets regulator SEBI’s approval to raise fund of Rs. 1200 crore through an Initial Public Offer (IPO). Microfinance lender Ujjivan Finance Services is the holding company if Ujjivan Small Finance Bank. It offers small finance to underserved and unserved segments in India. It is an NBFC providing financial services to the economically active poor, who are not served by the Financial Institutions.

The bank, which had filed draft papers with the regulator in August, obtained its observations on October 16, according to the Securities and Exchange Board of India (Sebi).
USFB Loan Product
1. Agriculture and allied loans
2. Affordable housing loans
3. Loans to micro banking customers
4. Personal loans
5. Financial institutions group loans
6. Vehicle loans
7. MSE loans
UFSL offers small size loan products to economically poor women, individual loans to Micro and Small Enterprises (MSEs).

The bank has a diversified portfolio offering savings, current & deposit accounts, Aadhaar enrolment services, ATM-cum-debit cards, point of sales terminals, and distributing 3rd party insurance products.

Company Promoters:
Ujjivan Financial Services Limited (UFSL) is the promoter of the company.

Summary of financial Information (Restated)
Particulars
For the year/period ended (₹ in Million)
30-Sept-19
31-Mar-19
31-Mar-18
Total Assets
1,61,078.96
137,422.15
94,728.73
Total Revenue
14,348.57
20,375.75
15,793.55
Profit After Tax
1,871.10
1,992.18
68.63


Ujjivan Bank IPO Details

Issue Open
Dec 2, 2019 – Dec 4, 2019
Issue Type
Book Built Issue IPO
Issue Size
208,333,333 Eq Shares of ₹10
(aggregating up to ₹750.00 Cr)
Face Value
₹10 Per Equity Share
Issue Price
₹36 to ₹37 Per Equity Share
Market Lot
400 Shares
Min Order Quantity
400 Shares
Listing At
BSE, NSE

Ujjivan Bank IPO Tentative Date / Timetable

Bid/Offer Opens On
Dec 2, 2019
Bid/Offer Closes On
Dec 4, 2019
Finalisation of Basis of Allotment
Dec 9, 2019
Initiation of Refunds
Dec 10, 2019
Credit of Shares to Demat Acct
Dec 11, 2019
IPO Shares Listing Date
Dec 12, 2019

Ujjivan Bank IPO Lot Size and Price (Retail)

Application
Lots
Shares
Amount (Cut-off)
Minimum
1
400
₹14,800
Maximum
13
5200
₹192,400

Ujjivan Bank Latest Grey Market Premium (GMP) (As On 28.11.2019)

IPO Name
Offer Price
Grey Market Premium
Kostak Rates
Ujjivan Bank
36-37
21-22
350-400

Objects of the Issue:

USFB proposes to utilize the Net Proceeds from the Issue towards following objects:
1. Augmenting the Bank’s Tier – 1 capital base to meet our Bank’s future capital requirements

2. Meeting the expenses in relation to the Issue

3. Receive the benefits of listing the Equity Shares on the Stock Exchanges.

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