Ujjivan Small Finance Bank IPO / USFL IPO Dates, Allotment, Bid Details, Price & Size

In this article, we will discuss in details about the Ujjivan Small Finance Bank IPO dates, size, its allotment status, USFB IPO subscription, USFL Grey market premium and its company’s financial status that will help you to conclude whether you should invest or subscribe for this IPO or not.

Ujjivan Bank IPO Highlights
Open DateNA
Close DateNA
IPO Price BandNA
Face ValueRs. 10
No. of SharesNA
Share PriceNA
Share PremiumNA
IPO SizeNA

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Summary – Ujjivan Small Finance Bank Limited

Ujjivan Small Finance Bank IPO

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 collateralfree, 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 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 from 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 is the sole Promoter of its Bank. The lead managers to the issue are Kotak Mahindra Capital Company Limited, IIFL Securities Limited, 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 have been rated CRISIL A1+ by CRISIL Limited and its non-convertible debentures programme is rated CARE A+; Stable by CARE Ratings Limited.


Ujjivan Small Finance Bank IPO Date

The opening and the closing date of Ujjivan IPO is [●].


Ujjivan Small Finance Bank IPO Subscription

Day / DateQIBNIIRIITotal 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 at 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 of 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 their 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 collateralfree, 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 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 our Bank, which commenced its operations from 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 centres) 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), 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.


Ujjivan Small Finance Bank – Company Financials

On the basis of Standalone statement:-

Amount (in INR & Millions)
31-Mar-1931-Mar-1831-Mar-17
Total Assets137,422.1594,728.7384,359.05
Total Revenue20,375.7515,793.552,238.74
Total Expense18,383.5715,724.922,238.39
Profit After Tax2,043.9168.890.35

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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