Ujjivan Bank IPO (Ujjivan Small Finance Bank IPO)

Ujjivan Small Finance Bank IPOUjjivan SFB IPO description - Ujjivan Small Finance Bank is a mass market focused SFB in India, catering to unserved and underserved segments and committed to building financial inclusion in the country. Its promoter, Ujjivan Financial Services Ltd (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. UFSL, subsequent to obtaining RBI approval on 11 November 2016 to establish and carry on business as an SFB, transferred its business undertaking comprising of its lending and financing business to Ujjivan SFB, which commenced its operations from 1 February 2017.

In the short span of time, Ujjivan SFB has established a diversified portfolio, spread across 24 states and union territories as of 31 March 2019. As of 30 June 2019, it served 4.72 million customers and operated from 474 Banking Outlets that included 120 Banking Outlets in Unbanked Rural Centres (“URCs”) (of which seven were business correspondent centres) and additionally operated 50 Asset Centres. In Fiscal 2019 alone, the bank operationalized 287 Banking Outlets. As of 30 June 2019, it had a network of 387 ATMs (including nine ACRs), two 24/7 phone banking units based in Bengaluru and Pune that service customers in 11 languages, and a mobile banking application that is accessible in five languages as well as internet banking facility for individual and corporate customers.

Promoters of Ujjivan SFB - Ujjivan Financial Services Limited 
Ujjivan Small Finance Bank IPO details
Subscription Dates 2 - 4 December 2019
Price Band INR36 - 37 per share
Fresh issue INR750 crore
Offer For Sale Nil
Total IPO size INR750 crore
Minimum bid (lot size) 400 shares
Face Value  INR10 per share
Retail Allocation 10%
Listing On NSE, BSE
Ujjivan SFB's financial performance (in INR crore)
FY2017* FY2018 FY2019 H1 FY2020
Revenue 223.9 1,579.4 2,037.6 1,438.9
Expenses 223.8 1,572.5 1,838.4 1,247.7
Net income 0.0 6.9 199.2 187.1
Net margin (%) 0.0 0.4 9.8 13.0

*FY2017 figures pertain to a timeframe from 4 July 2016

Registrar of Ujjivan Bank IPO

Karvy Fintech Private Limited
Karvy Selenium Tower B, Plot 31-32,
Gachibowli, Nanakramguda,
Hyderabad – 500 032, Telangana

Phone: +91 40 6716 2222 
Fax:
 +91 40 2343 1551 
Email:
 [email protected]
Website: www.karvycomputershare.com

Ujjivan SFB Contact Details

Ujjivan Small Finance Bank Limited 
Grape Garden, No. 27, 3rd ‘A’ Cross
18th Main, 6th Block, Koramangala
Bengaluru 560 095, Karnataka

Phone: +91 80 4071 2121
Email: [email protected]
Website: www.ujjivansfb.in

Valuation of Ujjivan Small Finance Bank (as of FY2019)

Earnings Per Share (EPS): INR1.20

Price/Earnings (PE ratio): 30 - 30.83

Return on Net Worth (RONW): 9.49%

Net Asset Value (NAV): INR12.64 per share

Ujjivan Small Finance Bank IPO Subscription Details
Category Shares offered Subscription (no. of times, at 5:00 PM)
Day 1 Day 2 Day 3
QIB 56,250,000 0.23 0.84 110.72
NII 28,125,000 0.42 2.45 472.99
Retail 18,750,000 8.60 23.84 48.18
UFSL Shareholders 20,833,333 0.72 1.87 4.06
Total 123,958,333 1.62 4.86 165.53
Ujjivan Bank IPO Analyst Reviews 

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SMC Global - 3/5

Ujjivan Small Finance Bank IPO Allotment Status

Ujjivan SFB IPO allotment status is now available on Karvy website. Click on this link to get allotment status.

Listing Performance of Ujjivan SFB

IPO Opening Date: 2 December 2019

IPO Closing Date: 4 December 2019

Finalisation of Basis of Allotment: 9 December 2019

Initiation of refunds: 10 December 2019

Transfer of shares to demat accounts: 11 December 2019

Listing Date: 12 December 2019

Opening Price on NSE: INR58.75 per share (up 58.78% from IPO price)

Closing Price on NSE: INR55.30 per share (up 49.46% from IPO price)

18 thoughts on “Ujjivan Bank IPO (Ujjivan Small Finance Bank IPO)

  • December 10, 2019 at 10:55 AM
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    Pathetic website of Karvy!!! After a long time, it worked and now asking me to enter captcha and there is no captcha image…

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    • December 10, 2019 at 11:06 AM
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      yes its true, many times i was checked but not get right answer.

      Reply
  • December 9, 2019 at 5:41 PM
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    Allotment will be available tomorrow only. Sab log ghar jao!!!

    Reply
  • December 9, 2019 at 5:03 PM
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    Why is it taking so long? I have checked Karvy page atleast 10 times today and still no allotment.

    Reply
    • December 9, 2019 at 6:34 PM
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      More than 50 times i checked

      Reply
  • December 9, 2019 at 9:57 AM
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    Forum members, what are your views for listng price?

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    • December 9, 2019 at 11:48 AM
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      Easily 70+ is in sight as grey market premium is nearly 28. But this looks good for holding for a longer time

      Reply
    • December 10, 2019 at 11:29 AM
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      Karvy site to check allotments seems to have crashed due to overload

      Reply
  • December 2, 2019 at 11:43 AM
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    I have shares of Ujjivan financial services. Can I apply under shareholder and retail category from single account?

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    • December 3, 2019 at 3:50 PM
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      Yes you can apply in both categories and from same bank or broker account

      Reply
  • November 30, 2019 at 1:26 PM
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    Excellent list of anchor investors including Govt of Singapore and CX Partners. If allotted, hold on to this gem don’t sell

    Reply
  • November 27, 2019 at 1:27 PM
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    A googly from merchant banks. The date on RHP is 22 November so anyone bought before that only is eligible for shareholder quota. This ipo will also see huge oversubscription.

    Reply
  • November 26, 2019 at 2:19 PM
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    This IPO is delayed to December so we can use the funds from CSB Bank for Ujjivan.

    Reservation for retail investors is only 10% just like CSB so allotment will be difficult.

    RHP hasn’t been filed yet so investors can buy shares of Ujjivan Financial to become eligible to apply under shareholder category. Cut off date will be the date of RHP.

    Reply
    • November 26, 2019 at 3:25 PM
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      Good strategy but how much will be reserved for shareholder category and when will be prospectus filed?

      Reply
      • November 26, 2019 at 4:48 PM
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        Draft prospectus has mentioned that record date will be the date of filing red herring prospectus

        Reply
  • November 26, 2019 at 9:21 AM
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    Only 10% for retail, allotment will be very difficult.

    Reply
  • November 21, 2019 at 11:49 AM
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    Price band is 34 – 35 plz update

    Reply

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