Ujjivan Financial IPO to open on 28 April

Ujjivan IPOThe initial public offer (IPO) of Bengaluru-based microfinance institution Ujjivan Financial Services opens on April 28 and closes on May 2. The price band is Rs 207-210.  Ujjivan was granted an in-principle licence from the Reserve Bank of India (RBI) for a Small Finance Bank (SFB).

For buying and selling physical/demat unlisted/delisted shares of all companies, please contact call on 08108234400 or email on buysellunlistedshares@gmail.com

At end-December 2015, the assets under management of Ujjivan were Rs 4,540 crore and gross non-performing assets were 0.15 per cent of the total. The management said their market share in the segment was 11.15 per cent, the third largest non-bank finance company/micro finance institution in loan disbursement as of end-September 2015. Last year, RBI had granted SFB licences to 10 of 72 applicants. These SFBs will be similar to existing commercial lenders and will undertake basic banking activities such as accepting deposits and lending to the un-served and under-served sections.

Meanwhile, shares of Equitas Holdings, the first among the microfinance companies to go public after receiving the RBI’s small finance bank licence, saw strong debut on the bourses on 21 April 2016 with its shares settling at 23% premium.


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