Ujjivan Bank IPO - Grey Market, GMP & Reviews

IPO Details

Issue Date 29/11 - 03/12
Issue Size ₹1200.00 Cr
Issue Price ₹36-37
Market Lot 400 Shares
Shares on Offer 342,857,142
Registrar Karvy Computershare
GMP ₹16 - 18
Kostak ₹275 - 300
Subject to Sauda ₹4500 - 5000
Listing Date 12/12/2019
Listing Price ₹58.30
Listing Gain% 57.57

About Ujjivan Small Finance Bank Ltd

Ujjivan Small Finance Bank Limited is a mass market focused bank in India, catering to financially unserved and underserved segments and committed to building financial inclusion in the country. Our Promoter, Ujjivan Financial Services Limited (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. On 7, October, 2015, UFSL received RBI In-Principle Approval to set up a Small Finance Bank(SFB), following which it incorporated Ujjivan Small Finance Bank Limited as a wholly-owned subsidiary. UFSL, subsequent to obtaining RBI Final Approval on November 11, 2016 to establish and carry on business as an SFB, transferred its business undertaking comprising of its lending and financing business to our Bank, which commenced its operations from 1, February, 2017. We are a ‘scheduled bank’ included in the Second Schedule to the Reserve Bank of India Act, 1934.

Ujjivan Small Finance Bank has a diversified portfolio with branches spread across 24 states and union and a customer base of 4.9 million as of September 30, 2019. Apart from the network of branches, ATMs and Automated Cash Recyclers, we have a phone banking unit that services customers in nine languages, a mobile banking application that is accessible in five languages as well as internet banking facility for individual and corporate customers. Our focus is to use technology as an enabler for our customers that allows us to customize and deliver products and services to suit their needs.

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.

Company Financials

Particulars 30-Jun-19 31-Mar-19 31-Mar-18
Total Assets (In ₹ Millions) 142,926.11 137,422.15 94,728.73
Total Revenue (In ₹ Millions) 7,055.00 20,375.75 15,793.55
Profit After Tax (PAT) (In ₹ Millions) 944.84 1,992.18 68.63

Ujjivan Small Finance Bank Ltd IPO Reviews

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  • We recommend subscription of Ujjivan Small Bank IPO.
  • Ujjivan Small Bank IPO is subscribed 49 times in Retail Category.

Subscription Details

Date & Time QIB NII RII Total
Day 1 - 29 Nov 2019 0.23 0.43 8.61 1.62
Day 2 - 02 Dec 2019 0.85 2.46 23.85 4.86
Day 3 - 03 Dec 2019 110.72 473.00 48.97 165.66

Allotment Status

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IPO Allotment Status

Ujjivan Small Finance Bank Ltd IPO FAQs

  1. When will Ujjivan Small Finance Bank Ltd IPO open?

    Ujjivan Small Finance Bank Ltd IPO will open on 29/11 and close on 03/12.

  2. What is the listing date of Ujjivan Small Finance Bank Ltd IPO?

    Ujjivan Small Finance Bank Ltd IPO will list on 12/12/2019.

  3. What is the offer price of Ujjivan Small Finance Bank Ltd IPO?

    The offer price of Ujjivan Small Finance Bank Ltd IPO is ₹36-37.

  4. What is the lot size of Ujjivan Small Finance Bank Ltd IPO?

    The lot size of Ujjivan Small Finance Bank Ltd IPO is 400.

  5. What is the Grey Market Premium (GMP) price of Ujjivan Small Finance Bank Ltd IPO?

    The Grey Market Premium (GMP) price of Ujjivan Small Finance Bank Ltd IPO is ₹16 - 18.

  6. What is the Kostak price of Ujjivan Small Finance Bank Ltd IPO?

    The Kostak price of Ujjivan Small Finance Bank Ltd IPO is ₹275 - 300.

  7. What is the Subject to Sauda price for Ujjivan Small Finance Bank Ltd IPO?

    The Subject to Sauda price for Ujjivan Small Finance Bank Ltd IPO is ₹4500 - 5000.

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