Ujjivan Small Finance Bank to raise Rs7.5bn via IPO

Ujjivan Small Finance Bank Limited

Ujjivan Small Finance Bank Limited is a mass market focused bank in India, catering to financially unserved and underserved segments and committed to building financial inclusion in the country. Our Promoter, Ujjivan Financial Services Limited (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.

Ujjivan Small Finance Bank Limited is a mass market focused bank in India, catering to financially unserved and underserved segments and committed to building financial inclusion in the country. Our Promoter, Ujjivan Financial Services Limited (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. On 7, October, 2015, UFSL received RBI In-Principle Approval to set up a Small Finance Bank(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 1, February, 2017. We are a ‘scheduled bank’ included in the Second Schedule to the Reserve Bank of India Act, 1934.

Ujjivan Small Finance Bank has a diversified portfolio with branches spread across 24 states and union and a customer base of 4.9 million as of September 30, 2019. Apart from the network of branches, ATMs and Automated Cash Recyclers, we have a phone banking unit that services customers in nine languages, a mobile banking application that is accessible in five languages as well as internet banking facility for individual and corporate customers. Our focus is to use technology as an enabler for our customers that allows us to customize and deliver products and services to suit their needs.

Key Statistics:

• 14 years of financial services
• Spread across 24 states, 233 Districts and UT's
• 552 banking outlets, 4 asset centers,  441 ATM's (as on 30-sep-19)
• 4.3mn active borrowers
• Serving ~4.94mn customers
• 16,347 employee strength

Financial Statistics:

• Rs79.5bn Deposits
• Rs117.8bn total loan disbursed
• Rs2bn net profit in FY19
• Loan portfolio consists of 82%/8.6%/5.8%/3.4% from Microbanking/Affordable Housing/MSME's/Others

Website: Click here

Management:

Name	Designation
Samit Kumar Ghosh	Chairman & MD
Nitin Chugh	President
Sanjay Kao	Chief business officer
Upma Goel	CFO
Jaya Janardanan	COO

IPO Snapshot: 

Particulars	Details
Dates	2-Dec-2019 to 4-Dec-2019
Face Value	Rs10/share
Price Band	Rs36 - Rs37/share
Discount	Rs2/ equity shares
Bid lot	400 shares and multiples
Listing	NSE & BSE
Mode of Payment	UPI-Now available in ASBA (Mandatory) for Retail Individual Biders.

Issue Details: 

Issue Size	Rs7,500mn
QIB	75%
NIB	15%
Retail	10%

Lead Managers	Kotak Mahindra Capital Company Ltd. IIFL securities Ltd. JM financials

Registrar: Karvy Computershare Pvt. Ltd.

Allotment Status: Check Allotment status

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Allotment Status: Check Allotment status

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