Himachal Pradesh Extends Lockdown Till June 30
Coronavirus vaccine update: After Moderna, CanSino Biologics claims positive results in early trials
No Exam For Remaining Subjects Of Class 10, Class 12 Exam In June: Madhya Pradesh Chief Minister
International Flights May Start "Even By Middle June": Aviation Minister
Pakistan Plane Crash: PIA Flight With 99 On Board Crashes In Karachi Minute Before Landing
RBI rate cut: For home loan of Rs 50 lakh, EMI to reduce by this much
Coronavirus impact: MSMEs demand loan moratorium till March 2021
Domestic Flights To Resume From Monday In "Calibrated Manner", SOPs Soon
Trump tells WHO to prove 'independence' from China within 30 days; warns freeze on funding
New EPF rules rolled out: 5 things to know
Yogi Government To Send 12,000 Buses To Bring Back Migrants From States
Buses, Autos, Cabs Can Run In Delhi, Markets To Open
States Planning For Lockdown 4, Starting Monday: 10 Points
Nirmala Sitharaman Announces Reforms To Help Farmers Earn Better Prices
Coronavirus Updates: PM Modi to hold high-level meet today; to discuss lockdown 4.0
FM Sitharaman announces Rs 3 lakh crore collateral-free automatic loans for MSMEs
"People's Will," PM Tells Chief Ministers On Easing Lockdown Curbs
ICICI Bank cuts fixed deposit rates by up to 0.50% effective May 11
Coronavirus India Live Updates: Delhi ropes in 4 more private hospital for COVID cases; total cases-59,662
Coronavirus lockdown: It's Delhi vs Bihar on who pays the train fare for migrant workers

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

Ok
Please Wait...

Share the Opinion Poll with your Friends At

Ok

Share the Survey with your
Friends At

Ok
×

Statistics

Ok
No
×

Statistics

Ok