Ujjivan Financial IPO details – Ujjivan started operations as an NBFC in 2005 with the mission of providing a full range of financial services to the economically active poor who are not adequately served by financial institutions. The company’s business is primarily based on the joint liability group lending model for providing collateral free, small ticket-size loans to economically active women. Ujjivan also offers individual loans to Micro & Small Enterprises (MSEs).
As of 31 December 2015, Ujjivan had operations spread across 24 states and union territories, and 209 districts across India. The company served over 2.77 million active customers through 470 branches as of December 2015. Employing 7,862 workers, Ujjivan’s gross assets under management (AUM) stood at INR45.89 billion as of December 2015. The company had approximately 11.15% of market share of the NBFC-MFI business in India as of 30 September 2015.
With initial focus on the urban and semi-urban poor, Ujjivan has gradually catered to an increasing number of rural customers, and as of December 2015, approximately 29%, 37% and 34% of its total customers comprise of rural, semiurban and urban customers, respectively.
Ujjivan is one of the 10 companies to have received in-principle approval from the RBI to set up a small finance bank (SFB).
Ujjivan Financial has no identifiable promoters in terms of SEBI ICDR regulations or the Companies Act 2013.
| Subscription Dates | 28 April – 2 May 2016 |
| Price Band | INR207 – 210 per share |
| Issue Size | INR875 – 882.5 crore |
| Face Value | INR10 per share |
| Minimum Bid | 70 shares |
| Retail Allocation | 35% |
| Listing On | BSE, NSE |
The Net Proceeds of the fresh issue will be utilised for augmenting Ujjivan’s capital base in FY2017.
Capital structure
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Biggest shareholders in Ujjivan Financial Services |
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| Name of shareholder | Equity Shares | Percentage (%) |
| CDC Group Plc | 10,932,696 | 10.80 |
| Alena Private Limited | 10,790,943 | 10.66 |
| International Finance Corporation | 10,202,406 | 10.08 |
| NewQuest Asia Investments II Limited | 8,199,522 | 8.10 |
| Elevar Equity Mauritius | 6,355,684 | 6.28 |
| Sarva Capital LLC | 5,870,426 | 5.80 |
| Women’s World Banking Capital Partners, L.P. | 5,406,628 | 5.34 |
| Bajaj Holdings & Investment Limited | 5,124,702 | 5.06 |
| Sequoia Capital India Investments III | 4,201,276 | 4.15 |
| India Financial Inclusion Fund | 3,508,772 | 3.47 |
| Total | 70,593,055 | 69.77 |
Financial performance
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Ujjivan’s financial performance (in INR crore) |
|||||
| FY2011 | FY2012 | FY2013 | FY2014 | FY2015 | |
| Total revenue | 156.4 | 156.3 | 233.9 | 357.6 | 611.8 |
| Total expenses | 139.1 | 156.4 | 186.2 | 268.8 | 497.3 |
| Profit/(loss) after tax | 11.6 | 0.1 | 32.8 | 58.4 | 75.7 |
Ujjivan Financial IPO Subscription Details
| Category | Shares offered | Subscription (No. of times) | ||
| Day 1 (at 5 PM) | Day 2 (at 6 PM) | Day 3 (at 7PM) | ||
| QIB | 8,528,311 | 0.00 | 0.61 | 34.33 |
| NII | 6,340,619 | 0.04 | 0.32 | 136.25 |
| Retail | 14,794,776 | 0.39 | 1.06 | 3.99 |
| Total | 29,663,706 | 0.20 | 0.78 | 41.00 |
Ujjivan Financial Contact Details
Ujjivan Financial Services Ltd
Grape Garden, No. 27, 3rd A Cross,
18th Main 6th Block,
Koramangala, Bengaluru, 560095 Phone: +91 8040712121
Fax: +91 8041468700
Email: [email protected]
Website: http://www.ujjivan.com
What we are reading
Your Story: A tale of success in microfinance
Forbes: The Men Who Made Microfinance Work
Registrar of Ujjivan Financial IPO
Karvy Computershare Private Limited
Karvy House, 46, Avenue 4, Street No. 1,
Banjara Hills, Hyderabad – 500 034
Andhra Pradesh, India Phone: +91 40 23312454
Fax: +91 40 23311968
Email: [email protected]
Website: http://karisma.karvy.com
Listing Performance of Ujjivan Financial IPO
IPO Closing Date: 2 May 2016
Finalisation of Basis of Allotment: 5 May 2016
Initiation of refunds: 6 May 2016
Transfer of shares to demat accounts: 9 May 2016
Listing Date: 10 May 2016
Listing Price on NSE: INR231.9 (10.4% premium over IPO price)
Closing Price on NSE: INR233.2 (11% return over IPO price)
Ujjivan will be sold in 207 and 2010, sure shot price band
Good research, pricing of Ujjivan IPO is just Rs. 2 up from the rate this website projected.
Very low subscription on first day, is there something wrong?
Give it one more day, just wait for today
Allotment status out on https://kcas.kfintech.com/ipostatus/
What a waste of time, zero out of three applications. Shall I buy when it lists
And got just one in Thyrocare 🙁
Got 1 Lot allotted for Ujjivan IPO….missed out on Thyrocare as did not get any.
Niladri, Ujjivan is rocking. Are you still holding this gem? I cashed out too early and terrifiied of buying at current levels.
Good I purchased Ujjivan on listing it jumped 7 percent today.
thank you soo much and this information help me to invest on Ujjivan