In this article, we will discuss in detail the Ujjivan Small Finance Bank IPO dates, size, allotment status, USFB IPO subscription, USFL Grey market premium, and its company’s financial status. This will help you to conclude whether you should invest or subscribe to this IPO or not.
| Ujjivan Bank IPO Highlights | |
| Open Date | NA |
| Close Date | NA |
| IPO Price Band | NA |
| Face Value | Rs. 10 |
| No. of Shares | NA |
| Share Price | NA |
| Share premium | NA |
| IPO Size | NA |
Summary – Ujjivan Small Finance Bank Limited
They are a mass market-focused SFB in India, catering to unserved and underserved segments and committed to building financial inclusion in the country.
The Promoter, 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. UFSL’s erstwhile business was primarily based on the joint liability group-lending model for providing collateral-free, small ticket-size loans to economically active poor women.
UFSL also offered individual loans to Micro and Small Enterprises (“MSEs”) and adopted an integrated approach to lending, which combined a customer touchpoint similar to microfinance, with the technology infrastructure and related back-end support functions similar to that of a retail bank.
On October 7, 2015, UFSL received RBI In-Principle Approval to establish an SFB, following which it incorporated Ujjivan Small Finance Bank Limited as a wholly-owned subsidiary. UFSL, subsequent to obtaining RBI’s Final Approval on November 11, 2016, to establish and carry on business as an SFB, transferred its business undertaking comprising of its lending and financing business to their Bank, which commenced its operations on February 1, 2017.
They were included in the second schedule to the Reserve Bank of India Act, 1934 as a scheduled bank on July 3, 2017. In the short span of time that they have been operational as an SFB, they are among the leading SFBs in India in terms of deposits, advances, branch count, and geographical spread, as of March 31, 2019 (Source: CRISIL Report).
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The Promoters of this company are UFSL the sole Promoter of its Bank. The lead managers to the issue are Kotak Mahindra Capital Company Limited, IIFL Securities Limited, and JM Financial Limited, and the Registrar to this issue is Karvy Fintech Private Limited.
Ujjivan Small Finance Bank IPO / USFL IPO Review
They have grown in a sustainable manner. The Gross Advances (including securitization/ IBPC) have grown from ₹ 63,839.77 million as of March 31, 2017, to ₹ 110,485.91 million as of March 31, 2019, and were ₹ 117,829.38 million as of June 30, 2019.
Its deposits have increased from ₹ 2,064.05 million as of March 31, 2017, to ₹ 73,794.40 million as of March 31, 2019, and were ₹ 79,567.64 million as of June 30, 2019. As of June 30, 2019, their percentage of gross NPAs to gross advances was 0.84% while their percentage of net NPAs to Net Advances was 0.26%.
Its profit after tax as restated for Fiscal 2018 and 2019 was ₹ 68.63 million and ₹ 1,992.18 million, respectively while for the three months ended June 30, 2019, Its profit after tax as restated was ₹ 944.84 million.
Further, Their long-term bank facilities and non-convertible debentures have been rated CARE A+; Stable by CARE Ratings Limited, their certificate of deposits has been rated CRISIL A1+ by CRISIL Limited, and its non-convertible debentures program is rated CARE A+; Stable by CARE Ratings Limited.
Ujjivan Small Finance Bank IPO Date
The opening and closing date of Ujjivan IPO is [●].
Ujjivan Small Finance Bank IPO Subscription
| Day / Date | QIB | NII | RII | Total Subscription |
| 1st Day – Aug 5 | ||||
| 2nd Day – Aug 6 | ||||
| 3rd Day – Aug 7 | ||||
| Shares Offered or Net Issue |
The shares subscribed by the public will be updated here.
Ujjivan Small Finance Bank IPO Allotment Status
Here, you can find the Allotment Status of this IPO.
Ujjivan Bank IPO Grey Market Premium
The Ujjivan Small Finance Bank IPO Grey Market Premium price is Rs X, the Kostak rate is Rs X and the Subject to Sauda is X.
Ujjivan Bank IPO Price
Price band of a minimum price of Rs. [●] per Equity Share (Floor Price) and the maximum price of Rs. [●] per Equity Share (Cap Price) including any revisions thereof
Ujjivan Bank IPO Issue Size
The initial public offer of up to [●] Equity Shares aggregating up to Rs. 12,000 million, comprising of the Net Issue and the UFSL Shareholder Reservation Portion
Ujjivan Small Finance Bank – Company Overview
UFSL, The Promoter, was granted the RBI In-Principle Approval to establish an SFB, on October 7, 2015. Its Bank was incorporated as ‘Ujjivan Small Finance Bank Limited’ on July 4, 2016, in New Delhi, as a public limited company under the Companies Act, 2013, and was granted a certificate of incorporation by the RoC on the same date.
UFSL was thereafter granted the RBI Final Approval, to establish and carry on business as an SFB, on November 11, 2016. Subsequently, UFSL transferred its business undertaking comprising its lending and financing business to their Bank, pursuant to the Business Transfer Agreement dated January 12, 2017 (described in more detail below).
The Bank commenced its business on February 1, 2017. Its Bank became a scheduled bank pursuant to a notification dated July 3, 2017, issued by the RBI, through which the Bank was included in the second schedule to the RBI Act.
They are a mass market-focused SFB in India, catering to unserved and underserved segments and committed to building financial inclusion in the country. Its Promoter, 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.
UFSL’s erstwhile business was primarily based on the joint liability group-lending model for providing collateral free, small ticket-size loans to economically active poor women. UFSL also offered individual loans to Micro and Small Enterprises (“MSEs”) and adopted an integrated approach to lending, which combined a customer touchpoint similar to microfinance, with the technology infrastructure and related back-end support functions similar to that of a retail bank.
On October 7, 2015, UFSL received RBI In-Principle Approval to establish an SFB, following which it incorporated Ujjivan Small Finance Bank Limited as a wholly-owned subsidiary. UFSL, subsequent to obtaining RBI’s Final Approval on November 11, 2016, to establish and carry on business as an SFB, transferred its business undertaking comprising its lending and financing business to our Bank, which commenced its operations on February 1, 2017.
They were included in the second schedule to the Reserve Bank of India Act, 1934 as a scheduled bank on July 3, 2017. In the short span of time that they have been operational as an SFB, they are among the leading SFBs in India in terms of deposits, advances, branch count, and geographical spread, as of March 31, 2019 (Source: CRISIL Report).
Among the leading SFBs in India, its Bank had the most diversified portfolio, spread across 24 states and union territories as of March 31, 2019 (Source: CRISIL Report). As of June 30, 2019, they 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 centers) and additionally operated 50 Asset Centres.
In Fiscal 2019 alone, they operationalized 287 Banking Outlets. As of June 30, 2019, they had a network of 387 ATMs (including nine ACRs), and two 24/7 phone banking units based in Bengaluru and Pune that service customers in 11 languages. They also have a mobile banking application that is accessible in five languages as well as an internet banking facility for individual and corporate customers.
Ujjivan Small Finance Bank – Company Financials
On the basis of the Standalone statement:-
| Amount (in INR & Millions) | |||
| 31-Mar-19 | 31-Mar-18 | 31-Mar-17 | |
| Total Assets | 137,422.15 | 94,728.73 | 84,359.05 |
| Total Revenue | 20,375.75 | 15,793.55 | 2,238.74 |
| Total Expense | 18,383.57 | 15,724.92 | 2,238.39 |
| Profit After Tax | 2,043.91 | 68.89 | 0.35 |
Ujjivan Small Finance Bank IPO Lead Managers
| Lead Managers |
| Kotak Mahindra Capital Company Limited
IIFL Securities Limited JM Financial Limited |
Ujjivan Small Finance Bank Registrar to the Offer
| Registrar to the Offer |
| Karvy Fintech Private Limited Karvy Selenium, Tower B, Plot No. 31-32 Gachibowli Financial District Nanakramguda, Hyderabad 500 032 Tel: +91 40 6716 2222 E-mail: einward.ris@karvy.com Investor grievance e-mail: USFB.ipo@karvy.com Website: www.karisma.karvy.com Contact Person: Murali Krishna SEBI Registration No.: INR000000221 |
Ujjivan Small Finance Bank IPO Conclusion
Ujjivan Small Finance Bank IPO News
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