Ujjivan Small Finance Bank Limited is a mass-advertise centered bank in India, taking into account monetarily unserved and underserved sections and focused on building money related incorporation in the nation. It tasks as an NBHC in 2005 with the point of giving a full scope of money related administrations to the monetarily dynamic helpless who are not satisfactorily served by monetary foundations.
As of late, Ujjivan Small Finance Bank documented draft papers for IPO(initial open offer) and intending to raise Rs 300 crore from the Pre-Initial public offering situation. The lender intends to clean up ₹ 1,200 crores by means of the underlying Open offer.
As indicated by the draft red herring prospectus (DRHP) documented with business sectors controller Sebi, the bank may, in counsel with the book running lead directors (BRLMs), consider a pre-issue situation of offers worth up to ₹300 crores, the loan specialist said in an announcement.
The Pre-Initial public offering position, whenever embraced, at that point the cost will be chosen by the bank in discussion with the BRLM's and will be acknowledged preceding filing of the DRHP with RoC, it said.
"On the off chance that the Pre-Initial public offering position is embraced, the sum raised will be diminished from the issue, subject to the base issue size establishing at any rate 10% of the post-issue settled up value share capital of Ujjivan Little Account Bank," it said.
Citing the DRHP, it stated, the organization tries to raise ₹1,200 crores, including reservation of value portions of up to ₹120 crores by qualified investors. Aside from that, value shares set the assumed worth ₹10 each.