Ujjivan Small Finance Bank Subscription Starts On 2nd Dec 2019

Ujjivan Small Finance Bank

Ujjivan Small Finance Bank wants to raise Rs 750 crores:

Ujjivan Financial Services Limited (UFSL) launched a new IPO, Ujjivan Small Finance Bank (USFB). It stared on 1st Feb 2017, in Bangalore. The company has 552 branches throw out India. The USFB wants to raise Rs 750 crore through this IPO. Earlier, from the per-IPO, the company raised Rs 250 crores. 

On 2nd Dec 2019, the subscription of IPO will open, and it will be closed on  4th Dec 2019, with the cost of Rs 36 – 37 per eq share.

Details od Ujjivan Small Finance Bank IPO:

Bid Date 2nd Dec 2019 to 4th Dec 2019
IPO Type  Book Bult Issue IPO
IPO Size 1,911,813,902 eq Share of Rs 10 (aggregating up to Rs 750.00 cr)
Fresh Issue 182,432,432 eq Shares of Rs 10 (aggregating up to Rs 675.00 cr)
Face Value Rs 10 per Eq Share
Issue Price Rs 36- 37 per Eq Share
Market Lot 400 Shares
Minimum Bid & Lot Size 400 Shares
Listing At BSE, NSE

It was the Book built type Issue, the IPO size is 1,911,813,902 equity shares with an aggregate over Rs 750 crores. And the fresh issue is 1,82,432,432 equity shares over Rs 675 crores, with the face value of Rs 10 per share.

The price of the IPO in between Rs 36 and Rs 37. The lot size and the minimum bid is 400 shares. On 12th Dec 2019, the IPO will be listed on the Bombay Stock Exchange (BSE), and National Stock Exchange (NSE).

The objective of the issue is to utilize the amount for IPO expenditure, and also for the Ujjivan Bank’s future purpose.  

IPO Promoters Holding

The Ujjivan Financial Service Limited acts as the promoter for the USFB.

Pre Issue Share Holding 100%
Post Issue Share Holding   – 

The allotment orders of the USFB IPO will be released on 12th Dec 2019. If any case the allotment order will not be obtained the invested amount will be refunded on 10th Dec 2019.

The minimum lot size need to purchased by the retail investors is 400 shares (1 lot) and the amount is Rs 14,800. And the maximum investment is 5200 shares (13 lots) and the amount is Rs 192,400.

In the subscription time, the shares allocated for the QIB is 75%, 10% for NIIs, and 10% for Retail Investors.

Registrar For The Issue:

Karvy Computershare Private Limited

Banjara Hills, Hyderabad – 500 034

Andhra Pradesh, India.

Phone: +91-40-23312454

Email: [email protected]

Website: http://krishna.karvy.com/

Disclaimer: This post is just information about the IPO. It does not give any advice or recommendation. Please read the offer document carefully and consult your advisor before investing.

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