Ujjivan SmallFinance announces launch of initial public offering
27/11/2019 10:40
Ujjivan Small Finance Bank Ltd. has announced public offering of 162162161 shares at a price of Rs 10.00 each for Cash at a Premium of Rs 27.00 per share. The gross proceeds of the issue are expected to be Rs 60,000.00 lakhs.

The company's initial public offer (IPO) will open on 02 December 2019 and is expected to close on 04 December 2019, subject to customary closing conditions. The price band of the issue has been fixed at Rs 36.00-37.00 per share.

The IPO includes a fresh Issue of 162162161 Equity Shares of the Company at an price of Rs 37.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 400 shares with bids in multiples of 400.

Ujjivan Small Finance Bank Ltd. anticipates using the proceeds of the issue for .

Kotak Mahindra Capital Company Ltd.,JM Financial Ltd.,IIFL Securities Ltd. as lead manager(s) & Karvy Fintech Pvt. Ltd. is the registrar, to the issue.