Issue Price
₹37
Per Share
GMP
NIL
Grey Market
Est. Listing
₹37
Expected Price
Min. Application
₹29,600
2 lots × 400 shares
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.USFB Loan Product1. Agriculture and allied loans 2. Affordable housing loans 3. Loans to micro banking customers 4. Personal loans 5. Financial institutions group loans 6. Vehicle loans 7. MSE loansThe bank has a diversified portfolio offering savings, current & deposit accounts, Aadhaar enrolment services, ATM-cum-debit cards, point of sales terminals, and distributing 3rd party insurance products. USFB is focussed on digital platform and provides bill payments, SMS banking, mobile banking, RuPay Platinum debit cards, internet banking, biometric ATMs services digitally. The bank also allows registering savings account on UPI based mobile applications. It has an automated tablet-based loan origination system, digitalised credit processing and automated receipt collection system to reduce the turn around time of customers.Competitive Strengths1. Serving mass-market segment of unserved and underserved 2. Multiple delivery channels 3. Pan-India presence 4. Digitally advanced platform 5. An established risk management framework
Ujjivan Small Finance Bank Ltd. proposes to utilise the net proceeds from the Issue for the following objects:
| Category | Shares Offered | % Issue | Amount (₹ Cr)* | Subscription |
|---|---|---|---|---|
| TOTAL | 202,702,702 | 100.00% | ₹750.00 Cr | — |
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 400 | ₹14,800 |
| Retail (Max) | 13 | 5,200 | ₹192,400 |
| sNII (Min) | 14 | 5,600 | ₹207,200 |
| bNII (Min) | 68 | 27,200 | ₹1,006,400 |
| Particulars | 30-Sept-19 | 31-Mar-19 | 31-Mar-18 |
|---|---|---|---|
| Revenue from Operations | 1434.86 | 2037.58 | 1579.36 |
| EBITDA | N/A | N/A | N/A |
| Profit After Tax (PAT) | 187.11 | 199.22 | 6.86 |
| Net Worth | N/A | N/A | N/A |
| Total Assets | 16107.90 | 13742.22 | 9472.87 |
| Reserves & Surplus | N/A | N/A | N/A |
| Total Borrowings | N/A | N/A | N/A |