UJJIVAN SMALL FINANCE BANK (USFB) IPO offers small finance to underserved & unserved segments in India and is all set to make a debut in the stock market with an issue size of 750 Cr.
IPO Overview
| Issue Date | 2-4 Dec 2019 |
| IPO Opening Date | 2nd Dec 2019 |
| IPO Face Value | INR 10 per share |
| IPO Price | INR 37 per share |
| IPO Lot Size | 400 Shares |
| Issue Size | 750 Cr |
| Offer for sale | – |
| Issue Type | Book built Issue IPO |
| Listing At | BSE, NSE |
| QIB Shares Offered | 110.72 times |
| NII (HNI) Shares | 473 times |
| Company Promoters | Ujjivan Financial Services Limited (UFSL) is the promoter of the company. |
Tentative Dates
| Opening date | 2 Dec 2019 |
| IPO closing date | 4 Dec 2019 |
| Basis of Allotment | 9 Dec 2019 |
| Initiation of Refunds | 10 Dec 2019 |
| The credit of Shares to Demat | 11 Dec 2019 |
| Listing Date | 12 Dec 2019 |
Industry Overview.
SFBs have grown at a CAGR of 26% from Fiscal 2016 to Fiscal 2019. The top three SFBs accounted for 64% of the total SFB market in Fiscal 2019. Microfinance is the central product for most of the SFBs, since eight of the ten SFBs were MFIs. SFBs are shifting their focus from microfinance to other products; however the core customer focus is likely to be unserved and underserved duet regulatory norms-SFBs will have to focus on small ticket size lending to financially underserved and unserved segments, i.e., loans below ₹ 2.5 million, will have to form at least 50% of the loan portfolio.
Company Overview
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.
Objectives Of The Issue
- Augmenting the Bank’s Tier – 1 capital base to meet our Bank’s future capital requirements
- Meeting the expenses in relation to the Issue
- Receive the benefits of listing the Equity Shares on the Stock Exchanges
Financial Statements
| Particulars | 31-Sept-20 | 31-Mar-19 | 31-Mar-18 |
| Total Assets | 1,61,078.96 | 137,422.15 | 94,728.73 |
| Total Revenue | 14,348.57 | 20,375.75 | 15,793.55 |
| Profit After Tax | 1,871.10 | 1,992.18 | 68.63 |
Strengths
- Serving mass-market segment of unserved and underserved.
- Multiple delivery channels.
- Pan-India presence.
- Digitally advanced platform.
- An established risk management framework.
Company Contact Information
Ujjivan Small Finance Bank Ltd
Plot No. 2364/ 8,
Khampur Raya Village, Shadi Kampur,
Main Patel Road, New Delhi 110 008, India
Phone: +91 11 3043 2121
Email: https://www.ujjivansfb.in/
Website: https://www.ujjivansfb.in/
Ujjivan Bank IPO Registrar
KFin Technologies Limited
Phone: 04067162222, 04079611000
Email: einward.ris@karvy.com
Website: https://karisma.kfintech.com/
