Ujjivan SFB IPO description – Ujjivan Small Finance Bank is a mass market focused SFB in India, catering to unserved and underserved segments and committed to building financial inclusion in the country.
Its promoter, Ujjivan Financial Services Ltd (UFSL) commenced operations as an NBFC in 2005 with the mission to provide a full range of financial services to the ‘economically active poor’ who were not adequately served by financial institutions.
Ujjivan Small Finance Bank IPO Review By CA Rachana Ranade
UFSL, subsequent to obtaining RBI approval on 11 November 2016 to establish and carry on business as an SFB, transferred its business undertaking comprising of its lending and financing business to Ujjivan SFB, which commenced its operations from 1 February 2017.
In the short span of time, Ujjivan SFB has established a diversified portfolio, spread across 24 states and union territories as of 31 March 2019.
As of 30 June 2019, it served 4.72 million customers and operated from 474 Banking Outlets that included 120 Banking Outlets in Unbanked Rural Centres (“URCs”) (of which seven were business correspondent centres) and additionally operated 50 Asset Centres.
Ujjivan Small Finance Bank begins IPO preparation
In Fiscal 2019 alone, the bank operationalized 287 Banking Outlets. As of 30 June 2019, it had a network of 387 ATMs (including nine ACRs), two 24/7 phone banking units based in Bengaluru and Pune that service customers in 11 languages, and a mobile banking application that is accessible in five languages as well as internet banking facility for individual and corporate customers.
Promoters of Ujjivan SFB – Ujjivan Financial Services Limited
|Ujjivan Small Finance Bank IPO details|
|Subscription Dates||2 – 4 December 2019|
|Price Band||INR36 – 37 per share|
|Fresh issue||INR750 crore|
|Offer For Sale||Nil|
|Total IPO size||INR750 crore|
|Minimum bid (lot size)||400 shares|
|Face Value||INR10 per share|
|Listing On||NSE, BSE|
|Ujjivan SFB’s financial performance (in INR crore)|
|Net margin (%)||0.0||0.4||9.8||13.0|
*FY2017 figures pertain to a timeframe from 4 July 2016
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Ujjivan SFB files prospectus for INR1,200 crore IPO
Registrar of Ujjivan Bank IPOKarvy Fintech Private Limited
Karvy Selenium Tower B, Plot 31-32,
Hyderabad – 500 032, Telangana Phone: +91 40 6716 2222
Fax: +91 40 2343 1551
Ujjivan SFB Contact DetailsUjjivan Small Finance Bank Limited
Grape Garden, No.
27, 3rd ‘A’ Cross
18th Main, 6th Block, Koramangala
Bengaluru 560 095, Karnataka Phone: +91 80 4071 2121
Valuation of Ujjivan Small Finance Bank (as of FY2019)
Earnings Per Share (EPS): INR1.20
Price/Earnings (PE ratio): 30 – 30.83
Return on Net Worth (RONW): 9.49%
Net Asset Value (NAV): INR12.64 per share
Ujjivan Small Finance Bank IPO Subscription Details
|Category||Shares offered||Subscription (no.
of times, at 5:00 PM)
|Day 1||Day 2||Day 3|
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Ujjivan Small Finance Bank IPO Allotment Status
Ujjivan SFB IPO allotment status is now available on Karvy website.
Click on this linkto get allotment status.
Listing Performance of Ujjivan SFB
IPO Opening Date: 2 December 2019
IPO Closing Date: 4 December 2019
Finalisation of Basis of Allotment: 9 December 2019
Initiation of refunds: 10 December 2019
Transfer of shares to demat accounts: 11 December 2019
Listing Date: 12 December 2019
Opening Price on NSE: INR58.75 per share (up 58.78% from IPO price)
Closing Price on NSE: INR55.30 per share (up 49.46% from IPO price)