Russia Banned From Olympics By World Anti-Doping Body WADA For Four Years Over Doping
Big tax cuts may be coming for middle class in next Budget
JNU Students Lathi-Charged By Cops During Protest In Delhi Over Fee Hike
FM Sitharaman says govt will pay states' share of GST; 'compact will be honoured'
Fawad Alam Included In Pakistan Test Squad After 10 Years
4 Telangana Rape-Murder Accused Shot Dead By Cops, "Tried To Escape"
5% GST rate may be hiked to 6% as govt looks to increase revenue
Manufacturing capacity utilisation declines to 68.9% in Q2FY20, lowest since 2008
Controversial Citizenship (Amendment) Bill Cleared By Cabinet
Dale Steyn, Chris Lynn To Have Highest Base Price For IPL 2020 Auction
Kotak Mahindra, Axis Bank to hire 5,000 freshers; tech graduates top focus
Petition Filed in Supreme Court Against Pension To Politicians
Uddhav Thackeray may junk Devendra Fadnavis' bullet train, expressway, hyperloop projects
Unemployment rate falls to 7.48% in November; labour participation rate lowest since 2016
Nepal's Anjali Chand Scripts History, Claims Best T20I Bowling Figures
Uddhav Thackeray-led Shiv Sena-NCP-Cong alliance wins floor test in Maharashtra assembly
FASTag not mandatory until December 15
RBI may go for another rate cut as GDP slows to more than 6-year low
RBI Files Application To Begin Bankruptcy Proceedings Against Dewan Housing
Swiss Firm To Develop India's Biggest Airport Near Delhi, Outbids Adani

Latest Posts

Ujjivan Small Finance Bank IPO To Open On Monday

Ujjivan Small Finance Bank or USFB will launch its initial public offer (IPO) for subscription on December 2. The public offering will be open for subscription for three days from December 2 to December 4. The bank has fixed issue price band at Rs. 36-37 per share. Ahead of the IPO, USFB raised Rs. 250 crore in a pre-IPO round earlier this month. Ujjivan Small Finance Bank has branches across 24 states and a customer base of 49 lakh as of September 30, 2019. The bank's parent microfinance lender Ujjivan Financial Services went public in 2016 after receiving an in-principle licence from the Reserve Bank of India to start a small finance bank.

Here's you need to know about the Ujjivan Small Finance Bank IPO:

The IPO of Ujjivan Small Finance Bank comprises a fresh issue of equity shares aggregating up to around Rs. 750 crore for subscription, and a portion of the issue, aggregating up to Rs. 75 crore has been made available for the eligible Ujjivan Financial Services (UFSL) shareholders on a proportionate basis.

"For this purpose, individuals and HUFs (Hindu Undivided Families) who are the public equity shareholders of UFSL as on the date of the red herring prospectus (RHP) which is, November 22, 2019 are the eligible UFSL shareholders," the bank said in a regulatory filing.

These shareholders will also get a discount of Rs. 2 per share on the final issue price.

The bank had filed its draft prospectus for the IPO on August 14 and received market regulator Securities and Exchange Board of India's or Sebi's approval for the issue on October 16.

The bids can be made for a minimum of 400 equity shares and in multiples of 400 equity shares thereafter.


Alert Message

Please Wait...

Share the Opinion Poll with your Friends At


Share the Survey with your
Friends At