noscript

News

 
 
Ujjivan Small Finance Bank IPO fully subscribed on day 1
02-Dec-19   16:21 Hrs IST

The initial public offer (IPO) of Ujjivan Small Finance Bank received bids for 20.14 crore shares today, 2 December 2019, as against 12.39 crore shares on offer, as per the National Stock Exchange of India (NSE) website data at 17:00 IST. The issue was subscribed 1.62 times.

The issue opened for bidding today, 2 December 2019 and it will close on Wednesday, 4 December 2019. The price band has been fixed at Rs 36 to Rs 37 per share.

Ahead of the opening of the IPO, the board of directors of the bank at its meeting held on 29 November 2019, finalized allocation of 8,20,94,594 equity shares to anchor investors at Rs 37 per share.

Ujjivan Small Finance Bank commenced operations on 1 February 2017. It is a mass market focused small finance bank (SFB) in India, catering to unserved and underserved segments. The bank is promoted by Ujjivan Financial Services (UFSL) - an NBFC which began operations in 2005.

In terms of the RBI in-principle approval, RBI final approval and SFB (small finance bank) licensing guidelines, the bank is required to list its equity shares on the stock exchanges within three years from the date of commencement of business by the bank, i.e., 31 January 2020. The bank proposes to utilize the net proceeds from the issue towards augmenting tier - 1 capital base to meet future capital requirements. Further, there will be the benefits of listing of the equity shares on the stock exchanges, enhancement of the brand name and creation of a public market for equity shares in India.

The bank is spread across 24 states and union territories end March 2019. The bank has strong 4.94 million customers base operated from 552 Banking Outlets end September 2019. In FY2019 alone, the bank has operationalized 287 banking outlets. The bank has a network of 441 ATMs (including 18 ACRs), two 24/7 phone banking units based in Bengaluru and Pune that service customers in 11 languages, and a mobile banking application that is accessible in five languages as well as internet banking facility for individual and corporate customers.

The deposits base has galloped from Rs 206.41 crore end March 2017 to Rs 7379.44 end March 2019 and Rs 10129.85 crore end September 2019. The share of retail deposits has increased from 3.15% end March 2017 to 41.93% end September 2019. Casa to total deposits ratio has improved from 1.57% end March 2017 to 10.63% end March 2019 and was 11.87% end September 2019.

The bank has stable asset quality with gross NPA ratio at 0.85% net NPA at 0.33% end September 2019. The bank has raised the share of secured advances from 1.83% end March 2017 to 13.59% end March 2019 and 19.39% end September 2019. The bank has healthy capital adequacy ratio of 18.84% with tier I capital ratio of 18.16% end September 2019.

Ujjivan Small Finance Bank reported a net profit of Rs 187.11 crore on a net interest income of Rs 740.42 crore for the six months ended on 30 September 2019.

Powered by Capital Market - Live News

Attention Investors:
KYC is one time exercise while dealing in securities markets - once KYC is done through a SEBI registered intermediary (broker, DP, Mutual Fund etc), you need not undergo the same process again when you approach another intermediary. No need to issue cheques by investors while subscribing to IPO. Just write the bank account number and sign in the application form to authorise your bank to make payment in case of allotment. No worries for refund as the money remains in investor's account. Prevent Unauthorized Transactions in your Demat account\Trading account: Update your Mobile Number with your Depository Participant\Exchange. Receive alerts on your Registered Mobile for all debit and other important transactions in your Demat account\Trading account directly from Depository\Exchange on the same day.........issued in the interest of investors.
Disclosure of Proprietary Account Trading by Members to Clients
Proprietary Trading Disclosure:In terms of provisions of the Rules, Bye-Laws and Business Rules of the Exchange and with reference to circular MCX/T&S/147/2016 dated May 17, 2016 regarding Disclosure of Proprietary Account Trading by broker to client.,Pursuant to SEBI Circular Number SEBI/MRD/SEC/Cir-42/2003 dated November 19, 2003 & SEBI/HO/CDMRD/DMP/CIR/P/2016/49 dated April 25, 2016 GOODWILL WEALTH MANAGEMENT PVT LTD. Discloses to its clients about its policies on proprietary trades. Goodwill does proprietary trading in the derivatives segment at MCX respectively.GOODWILL – SEBI Reg No. INZ000049087
Copyright © 2016 All rights Reserved GOODWILL
Designed, Developed and content powered by CMOTS Infotech ( ISO 9001:2015 certified )
Filing complaints on SEBI Complaint Redress System (SCORES)
– Easy & quick
  • Register on SCORES portal
  • Mandatory details for filing complaints on SCORES:
    • Name, PAN, Address, Mobile Number, E-mail ID.
  • Benefits:
    • Effective communication
    • Speedy redressal of the grievances.
You can file complaints on SCORES through https://scores.gov.in/scores/Welcome.html