INSUBCONTINENT EXCLUSIVE:
Ujjivan Small Finance IPO: The IPO is subject to receipt of requisite regulatory approvals
Ujjivan
Small Finance Bank Limited has proposed an initial public offer (IPO) worth Rs 1,200 crore, its promoter Ujjivan Financial Services Limited
Ujjivan Small Finance Bank's public offer comprises a fresh issue of shares aggregating up to Rs 1,200 crore, Ujjivan Financial Services
said after market hours on Friday
Ujjivan Small Finance Bank is a wholly-owned subsidiary of Bengaluru-based Ujjivan Financial Services, which listed its shares on stock
exchanges BSE and NSE in May 2016 in a strong market debut
Here are five things to know about the Ujjivan Small Finance Bank IPO:The issuance of shares under the Ujjivan Small Finance
Bank will be at a face value of Rs 10 each of Ujjivan Financial Services shares.Ujjivan Small Finance Bank has selected Kotak Mahindra
Capital Company Limited, IIFL Securities Limited and JM Financial Limited as book running lead managers.The issue price of the IPO will be
determined by Ujjivan Small Finance Bank in consultation with the book running lead managers.As part of the IPO proposal, Rs 120-crore worth
of shares will be reserved for Ujjivan Financial Services shareholders, as defined in the DRHP.The IPO is subject to receipt of requisite
regulatory approvals, market conditions and other considerations, Ujjivan Financial Services added.Get Breaking news, live coverage, and
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