Ujjivan Financial Services Ltd (“UFSL”) the Promoters of Ujjivan Small Finance Bank Ltd (“USFB”) was granted the RBI In-Principle Approval to establish a Small Finance Bank (“SFB”), on October 7, 2015. USFB was incorporated on July 4, 2016. UFSL is already listed on NSE & BSE. Fresh shares of Ujjivan Small Finance Bank approximately worth Rs. 750 crores will be issued in the public issue.
Net Issue size: ₹745.83 Cr – 745.95 Cr
No. of shares: 202,702,702-208,333,333
Face value: ₹ 10
Price band : ₹ 36 - 37
UFSL Shareholder Discount: ₹ 2/- per equity shares (i.e. if you held shares of the Ujjivan holding company as on 22nd November, 2019 and submit your application in the SHA category*)
Bid Lot: 400 Shares and in multiple thereof
Post Issue Implied Market Cap = ₹ 6,242 – 6,394 Cr
Merchant Bankers: Kotak Mahindra Capital, IIFL Securities, JM Financial
Issue opens on: Monday, 2nd Dec’ 2019
Issue closes on: Wednesday, 4th Dec’ 2019
Finalization of Basis of Allotment (EOD or next day morning the exchanges notify the investors who are supposed to receive allotment): 09-12-2019
Refunds/Unblocking ASBA Fund: 10-12-2019
Credit of equity shares to DP A/c: 11-12-2019
Listing date: 12-12-2019
How to apply?
You can easily apply for this IPO using UPI. We’ve explained the process in this article:
- P.S. In case you submit your application in the SHA category but did not hold shares of Ujjivan FSL as on 22nd November 2019, your application is liable to be rejected by the registrar.