Ujjivan Bank IPO (Ujjivan Small Finance Bank IPO)

Ujjivan 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

 

More about Ujjivan Bank IPO

Ujjivan Bank IPO Grey Market Premium

Ujjivan SFB IPO Review: Here is what makes it a portfolio stock

Ujjivan Small Finance Bank IPO gets SEBI nod, here is what you need to know

Ujjivan SFB files prospectus for INR1,200 crore IPO

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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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)