UJJIVAN SMALL FINANCE BANK SUBSCRIPTION STARTS ON 2ND DEC 2019

Ujjivan Financial Services Limited (UFSL) propelled another IPO, Ujjivan Small Finance Bank (USFB). It gazed on first Feb 2017, in Bangalore. The organization has 552 branches toss out India. The USFB needs to raise Rs 750 crore through this IPO. Prior, from the per-IPO, the organization raised Rs 250 crores. On second Dec 2019, the membership of the Ujjivan Small Finance Bank IPO will open, and it will be shut on fourth Dec 2019, with the expense of Rs 36 – 37 for every eq share.

Details od Ujjivan Small Finance Bank IPO:

Offer Date:      2nd Dec 2019 to fourth Dec 2019

Initial public offering Type:   Book Bult Issue IPO

Initial public offering Size:     1,911,813,902 eq Share of Rs 10 (collecting up to Rs 750.00 cr)

New Issue:      182,432,432 eq Shares of Rs 10 (accumulating up to Rs 675.00 cr)

Face Value:     Rs 10 for each Eq Share

Issue Price:      Rs 36-37 for each Eq Share

Market Lot:     400 Shares

Least Bid and Lot Size:           400 Shares

Posting At:      BSE, NSE

It was the Book built type Issue, the IPO size is 1,911,813,902 value imparts to a total over Rs 750 crores. What's more, the new issue is 1,82,432,432 value shares over Rs 675 crores, with the assumed worth of Rs 10 for each offer.

The cost of the IPO in the middle of Rs 36 and Rs 37. The part size and the base offer is 400 offers. On twelfth Dec 2019, the IPO will be recorded on the Bombay Stock Exchange (BSE), and National Stock Exchange (NSE).

The target of the issue is to use the sum for IPO use, and furthermore for the Ujjivan Bank's future reason.

Initial public offering Promoters Holding

The Ujjivan Financial Service Limited goes about as the advertiser for the USFB.

Pre-Issue Share Holding         100%

Post Issue Share Holding        –

The apportioning requests of the USFB IPO will be discharged on ninth Dec 2019. On the off chance that any case the designation request won't be acquired the contributed sum will be discounted on tenth Dec 2019.

The base parcel size needs to bought by the retail financial specialists is 400 offers (1 part) and the sum is Rs 14,800. Also, the most extreme speculation is 5200 offers (13 parcels) and the sum is Rs 192,400.

In the membership time, the offers allotted for the QIB is 75%, 10% for NIIs, and 10% for retail financial specialists.

Recorder for The Issue:

Karvy Computershare Private Limited

Banjara Hills, Hyderabad – 500 034

Andhra Pradesh, India.

Telephone: +91-40-23312454

Email: einward.ris@karvy.com

Site: http://krishna.karvy.com/

Disclaimer: This post is only data about the IPO. It doesn't offer any guidance or proposal. It would be ideal if you read the offer archive cautiously and counsel your consultant before contributing.