Ujjivan Small Finance Bank offers all financial types of assistance under little Account Bank. Presently, it is intending to discharge an Initial public offering worth Rs 1,200 crore. On sixteenth August, the organization has documented a draft plan with advertise controller SEBI. Ujjivan Small Finance Bank IPO offers a new issue of value shares by bank accumulating up to Rs 1200 crore of the assumed worth of Rs 10 for each value share, the bank referenced in its BSE recording. The value band of the Issue will choose by the USFB and lead chiefs of the issue, it said.
Kotak Mahindra Capital Company Limited, IIFL Protections Restricted and JM Monetary Constrained will be the Book building lead directors to the issue.
In its draft distraction outline, it referenced that the issue incorporates a booking of value shares worth around Rs 120 crore membership by the qualified Ujjivan Financial Shareholders.
The net continues of the issue will use for expanding the organization's capital base to meet future necessities. In addition, the endorsement posting by means of Initial public offering will expose to the economic situations, and other outer elements, characterized by the bank.
In February, Ujjivan had raised around Rs 300 crores from the speculators, including HDFC life and Sundaram MF in its Pre-Initial public offering position.
The last exchanging of UFS shares was shut at Rs 284.10 on BSE aggregate of 71998 offers in more than 890 exchanges.