Ujjivan Small Finance Bank Ltd
Complete IPO details, including price band, financials, subscription status, and key insights.
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Financial Performance
Revenue, profit after tax and total assets across the last 3 reported financial years.
Revenue
Amount in ₹ crore
Profit After Tax (PAT)
Amount in ₹ crore
Total Assets
Amount in ₹ crore
Figures in ₹ crore, on a standalone basis, as reported for FY24 to FY26.
Objects of the Issue
How the company plans to utilize IPO proceeds.
Use of Proceeds
The funds raised through this IPO will be used for:
Initial Public Offer of 202,702,702^ equity shares of face value of Rs.10 each ("equity shares") of Ujjivan Small Finance Bank Limited ("bank" or "issuer") for cash at a price of Rs.37# per equity share (including a share premium of Rs.27 per equity share) aggregating to Rs.745.95 Crores* ("issue"). The issue included a reservation of 20,270,270#^ equity shares, aggregating to Rs.70.95# Crores, for subscription by eligible ufsl shareholders ("ufsl shareholder reservation portion"). The ufsl shareholder reservation portion did not exceed 10% of the issue. The issue less the ufsl shareholder reservation portion is hereinafter referred to as the "net issue". The issue and the net issue constitutes 11.73% and 10.56%, respectively, of the post-issue paid-up equity share capital of the bank. The face value of the equity shares is Rs.10 each. The issue price is Rs.37 per equity share and is 3.7 times the face value of the equity shares. The anchor investor issue price is Rs.37 per equity share. ^ Subject to finalisation of the basis of allotment * The bank has, in consultation with the brlms, undertaken a pre-ipo placement of 71,428,570 equity shares for cash consideration aggregating to Rs.250 Crores. #A Discount of Rs.2 per equity share was offered to eligible ufsl shareholders (as defined below) bidding in the ufsl shareholder reservation portion ("ufsl shareholder discount").
*Subject to approvals and market conditions.
Strengths & Risks
Key competitive advantages and factors to consider before investing.
- Company is subject to stringent regulatory requirements and prudential norms and its inability to comply with such laws, regulations and norms may have an adverse effect on its business, results of operations, financial condition and cash flows.
- Company significantly depend on its micro banking business, particularly group loans, and any adverse developments in this segment could adversely affect its business, results of operations, financial condition and cash flows.
- Company have a limited operating history as an SFB and our future financial and operational performance cannot be evaluated on account of its evolving and growing operations. Accordingly, its future results may not be reflective of its past performance. Further, it cannot effectively compare its financial statements for Fiscal 2017 with its financial statements for Fiscal 2018 and 2019 due to non-comparable reporting periods.
- Banking companies in India, including us, will be required to report financial statements as per Ind AS in the future. However, its Promoter, UFSL, currently reports its financial statements under Ind AS and as a result, we are required to prepare select Ind AS financial information for the limited purposes of consolidation by UFSL. Differences exist between Ind AS and Indian GAAP, which may be material to investors' assessment of its financial condition.
- Company have a continuous requirement of funds and its inability to access sources of funds in an acceptable and timely manner or any disruption in the access to funds would adversely impact its results of operations and financial condition.