Ujjivan Small Finance Bank Ltd. IPO
IPO Timeline
Category-wise Subscription
| Category | Sub (x) | Offered | Bid For | Amt (Cr)* |
|---|---|---|---|---|
| QIB | — | 136,824,325 (68%) | — | ₹50,625 Cr |
| NII (HNI) | — | 27,364,864 (14%) | — | ₹10,125 Cr |
| Retail | — | 18,243,243 (9%) | — | ₹675 Cr |
| Employee | — | 20,270,270 (10%) | — | ₹7,500 Cr |
| Σ Total | — | 202,702,702 (100%) | — | ₹750,000 Cr |
Only available investor categories are shown. Amount is auto-calculated when shares offered and issue price are available.
Issue Details
Minimum Investment (Lot-wise)
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 400 | ₹14,800 |
| Retail (Max) | 13 | 5,200 | ₹192,400 |
| S-HNI (Min) | 14 | 5,600 | ₹207,200 |
| B-HNI (Min) | 67 | 26,800 | ₹991,600 |
Financial Statements Amount In Crore
| Metric | 30-Sept-19 | 31-Mar-19 | 31-Mar-18 |
|---|---|---|---|
| Revenue | 1,435 | 2,038 | 1,579 |
| Profit After Tax | 187 | 199 | 7 |
| Total Assets | 16,108 | 13,742 | 9,473 |
Valuation & Key Ratios
Grey Market Premium (GMP)
GMP is an unofficial grey market indicator and does not guarantee actual listing price. Invest at your own risk.
Objects of the Issue
- 1 To augment our Bank’s Tier –1 capital base to meet our Bank’s future capital requirements such as organic growth and expansion and to comply with regulatory requirements for enhanced capital base, –
Company Overview
Incorporated in 2017, Ujjivan Small Finance Bank Limited (USFB) offers small finance to underserved & unserved segments in India. The bank aims to work for the financial inclusion of the country. USFB Bank is promoted by Ujjivan Financial Services Limited (UFSL) which is an NBFC providing financial services to the economically active poor, who are not served by the Financial Institutions. UFSL offers small size loan products to economically poor women, individual loans to Micro and Small Enterprises (MSEs). It follows the integrated lending approach where the company considers technology infrastructure and back-end support functioning before lending. USFB has a wide presence across 24 states and union territories in India. As on 30 June 2019, it has 4.72 million customers, 474 Banking Outlets, 387 ATMs, two 24/7 phone banking units (in Bengaluru and Pune) and 50 additionally operated Asset Centres. Customers can use USFB mobile banking application in 5 languages.
USFB Loan Product
1. Agriculture and allied loans 2. Affordable housing loans 3. Loans to micro banking customers 4. Personal loans 5. Financial institutions group loans 6. Vehicle loans 7. MSE loans
The bank has a diversified portfolio offering savings, current & deposit accounts, Aadhaar enrolment services, ATM-cum-debit cards, point of sales terminals, and distributing 3rd party insurance products. USFB is focussed on digital platform and provides bill payments, SMS banking, mobile banking, RuPay Platinum debit cards, internet banking, biometric ATMs services digitally. The bank also allows registering savings account on UPI based mobile applications. It has an automated tablet-based loan origination system, digitalised credit processing and automated receipt collection system to reduce the turn around time of customers.
Competitive Strengths
1. Serving mass-market segment of unserved and underserved 2. Multiple delivery channels 3. Pan-India presence 4. Digitally advanced platform 5. An established risk management framework