Ujjivan Bank IPO Review

IPO Status: Closed [2nd Dec 2019 to 4th Dec 2019]

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Incorporated Year: 2017
Sector: Banking and Finance
Website: https://www.ujjivansfb.in/

Ujjivan Small Finance Bank (USFB) IPO

The USFB IPO opens on 2nd Dec and closes on 4th Dec 2019. The company is offering shares in the price band of ₹36 to ₹37 per share of lot size 400. ₹2 discount for USFB Shareholders who are applying application under shareholder quota.

About Ujjivan Small Finance Bank Limited

The Ujjivan Small Finance Bank (USFB) is a growing small finance bank (SFB) in India with mass market focus catering to unserved and underserved segments and committed to building financial inclusion in the country. USFB started its operations by the name UFSL in 2005 with NBFC business and got approval from RBI in 2015 to establish an SFB. The bank has strong presence in Southern and Eastern states of India particularly, Karnataka, Tamil Nadu and West Bengal. As of June 30, 2019, USFB served 4.72 million customers and operated from 474 banking outlets.

Ujjivan Small Finance Bank (USFB) offers various asset and liability products and services. USFB asset products are

  • Loans to micro banking customers that include group loans and individual loans
  • Agriculture and allied loans
  • MSE loans
  • Affordable housing loans
  • Financial institutions group loans
  • Personal loans
  • Vehicle loans

On the liability side, USFB offers:

  • Savings accounts
  • Current accounts
  • A variety of deposit accounts

Other Offerings from USFB

  • Non-credit offerings comprising ATM-cum-debit cards
  • Aadhaar enrolment services
  • Distribute third party insurance products
  • Point of sales (“POS”) terminals

The bank also provide customers with various digital platforms including internet banking, mobile banking, SMS banking, bill payments, biometric ATMs and RuPay Platinum debit cards. The bank has tablet-based loan origination system, cashless repaying of loan and robust back-end operating system to bring down turn-around time for customers.

Ujjivan Bank IPO Objective

  • Fresh Issue – to augment bank’s tier-1 capital base to meet future capital requirements.
  • To achieve the benefits of listing the equity shares on the stock exchanges.

USFB IPO Updates

  • IPO Issue open on 2nd Dec 2019 and close on 4th Dec 2019.
  • The Anchor Investors bidding start one day in advance - 29th Nov, 2019
  • Investors Portion: QIB:75%, HNI:15%, Retail:10%.
  • Shareholder Quota: 75 Cr(10%), Cutoff Date - 22nd Nov 2019, Special Discount ₹2 Per Share.
  • Price Band: ₹36 ₹37 per share, Lot Size: 400 Shares.

Ujjivan Bank IPO Subscription Details

Latest update on Ujjivan Bank IPO Subscription.

    Ujjivan Bank IPO Subscription
    Details Qualified Institutional Buyers (QIB) Non Institutinol Investors (NII) Retail Individual Investors (RII) Others Total
    Shares Available 562,50,000 281,25,000 187,50,000 208,33,333 1239,58,333
    Day 1 - Dec 2nd, 2019 18:01 0.23x 0.43x 8.61x 0.72x 1.62x
    Day 2 - Dec 3rd, 2019 18:01 0.85x 2.46x 23.85x 1.87x 4.86x
    Day 3 - Dec 4th, 2019 18:01 110.72x 473.00x 48.97x 4.19x 165.66x

Ujjivan Bank IPO Details

Ujjivan Bank IPO details includes issue size, issue price, discount information, minimum and maximum order quantity, promoters holding details, NSE and BSE code.

    Ujjivan Bank IPO Details
    Ujjivan Bank Issue Details Values
    IPO Category Mainline
    IPO Issue Type Book Built Issue IPO
    IPO Issue Size 18,24,32,423 Shares (₹675 Crores)
    Face Value ₹10 Per Equity Share
    IPO Issue Price ₹36 ₹37 per share
    IPO Discount ₹2 Shareholders
    Market Lot 400 Shares
    Min Order Qty 400 Shares
    Max Retail Qty 5200 Shares
    Promoter Holding Pre IPO 94.40%
    Promoter Holding Post IPO TBD
    IPO Listing At BSE, NSE
    BSE Code TBD
    NSE Code TBD

Ujjivan Bank Financials for past 3 Years

Past performance and financial results of Ujjivan Bank.

    * - Period from July 4, 2016 to March 31, 2017

    Ujjivan Bank financial
    USFB IPO Financials 31-Mar-2019 31-Mar-2018 31-Mar-2017*
    Total Assets ₹13742.21 Cr ₹9472.87 Cr ₹9435.91 Cr
    Total Income ₹2037.58 Cr ₹1579.36 Cr ₹223.87 Cr
    Total Expense ₹1838.36 Cr ₹1572.49 Cr ₹223.84 Cr
    Net Profit/Loss ₹204.39 Cr ₹6.89 Cr ₹.03 Cr

Ujjivan Bank IPO Strengths

  • Diversify product offerings.
  • Multiple Delivery Channels and Customer centric business model.
  • PAN India Presence - 24 states and UT cover 221 districts in India with 474 Banking Outlets.
  • Advance Digital Platform and Technology driven company.
  • Robust risk management framework.

Ujjivan Bank IPO Threats/Weaknesses

  • Regulations requirements from RBI can adversely impact Ujjivan Bank business.
  • Non-performing assets are the key factor.
  • Major business depends on micro banking segment, particularly through group loans. Any adverse developments in this segment could adversely affect Ujjivan Bank business.
  • Ujjivan Bank have a continuous requirement of funds and Ujjivan Bank's inability to access sources of funds in an acceptable and timely manner or any disruption in the access to funds would adversely impact Ujjivan Bank results of operations and financial condition.
  • Major banking outlets are in southern and eastern states of India, particularly, Karnataka, Tamil Nadu, and West Bengal. Any regional political and economic change can adversely impact the Ujjivan Bank business.

Ujjivan Bank IPO Important Dates

In this section we have covered all imporatant dates related to Ujjivan Bank IPO. Dates are updated as they are announced. The most noted dates are IPO start date and IPO end date, which one should use to participate in IPO.

    Ujjivan Bank IPO important dates
    IPO Activity Date
    IPO Issue Open Date 2nd Dec 2019
    IPO Issue Close Date 4th Dec 2019
    Basis of Allotment Finalisation Date* 9th Dec 2019
    Refunds Initiation* 10th Dec 2019
    Credit of Shares to Demat Account* 11th Dec 2019
    IPO Listing Date* 12th Dec 2019

* - Tentative Dates

Ujjivan Bank IPO Draft Prospectus >>Document

Ujjivan Bank IPO Red Herring Prospectus >>Document

Ujjivan Bank IPO Allotment Status >>Ujjivan Bank IPO Allotment is not declared yet, expected to be declear by 9th Dec 2019, will provide the link once allotment is out.

Company Address

Ujjivan Small Finance Bank Limited
Grape Garden, No. 27, 3rd
A Cross
18th Main, 6th Block
Koramangala, Bengaluru 560 095
Karnataka, India

Website: https://www.ujjivansfb.in/
Email: [email protected]
Phone: +91 80 4071 2121

Registrar

Karvy Fintech Private Limited
Karvy Selenium, Tower B,
Plot No. 31-32
Gachibowli Financial District
Nanakramguda,
Hyderabad 500 032
email: [email protected]
Website: www.karisma.karvy.com

Lead Manager

  • Kotak Mahindra Capital Company Limited
  • IIFL Securities Limited
  • JM Financial Limited
  • Ujjivan Bank IPO Important dates - Issue Open Date, close Date, IPO Listing Date. IPO Details - Offer Size, Issue Size, Type of IPO, Issue Price, Market Lot, BSE Cd, NSE Cd, IPO Listing date. What is the issue open date and close date for Ujjivan Bank? Should I apply in Ujjivan Bank IPO?

    Last Updated on 2019-12-04T21:48:58+00:00

    Ujjivan Bank IPO FAQs

    1. 1 .How to subscribe Ujjivan Bank IPO in Zerodha?

      Now you can apply in online IPO application via Zerodha back office software "console". You can subscribe Ujjivan Bank IPO with Zerodha. You need to apply application online using UPI payment mode. To purchase Ujjivan Bank IPO with Zerodha, you must be Zerodha customer and have UPI payment setup. For more details please visit detail article Step by Step Guide to apply Ujjivan Bank IPO with Zerodha.

      Alternate approch to apply in Ujjivan Bank IPO is ASBA. You can use Zerodha DP information and apply online via ASBA with your prefered net banking user id.

      Ujjivan Bank IPO Review and Important Updates

      Other revelevent question on same topics are:

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      Discuss this question

    2. 2 .How to apply in Ujjivan Bank IPO online?

      Apply in Ujjivan Bank IPO online

      To subscribe or apply in Ujjivan Bank IPO, you can use the following methods:

      Ujjivan Bank IPO Applying ModeMethodDetails
      Online Application3-in-1 Trading Account

      If your broker is 3-in-1 service provider, you can apply in Ujjivan Bank IPO directly with your brokers website. Example HDFC Security, ICICI Direct, AxisDirect and so on are 3-in-1 brokers provide you direct IPO investment.

      Online Application2-in-1 Trading Account

      Brokers like Zerodha, TradeSmart Online are providing you access to applying in Ujjivan Bank IPO with their in-house developed platform. You need to apply in IPO via UPI payment method. You must have access of your UPI mandate to apply in IPO online.

      Online ApplicationASBA

      This is one of the most popular mode of applying in Ujjivan Bank IPO. Max syndicate bank provide you access to apply in Ujjivan Bank IPO via ASBA process. You must have your net banking access, DP ID information to apply in Ujjivan Bank IPO via ASBA. Bank like Axis, SBI allows you to apply max 5 application from one bank account. Where ICICI, HDFC bank have limit of one IPO ASBA application per account.

      Offline ApplicationPhysical Form

      You can apply in Ujjivan Bank IPO via physical application, but you can’t apply physical application via ASBA. You need to apply physical application via UPI mode of payment and need to approve the mandate of UPI with your registered phone number with your UPI provider. You can use BHIM app or banks mobile app who support UPI process like SBI, HSBC, Axis, ICICI, HDFC, Yes Bank, Citi Bank mobile app.

      Ujjivan Bank IPO Review and Important Updates

      Other revelevent question on same topics are:

      Where to subscribe Ujjivan Bank IPO? Where to apply for Ujjivan Bank IPO? How to subscribe Ujjivan Bank IPO online? Ujjivan Bank IPO where to apply? Where to buy Ujjivan Bank IPO online? How to buy Ujjivan Bank IPO online? How to purchase Ujjivan Bank IPO? How to get Ujjivan Bank IPO? How to book Ujjivan Bank IPO? How to invest Ujjivan Bank IPO? Ujjivan Bank IPO kaise buy kare?

      Discuss this question

    3. 3 .How to download online application form for Ujjivan Bank IPO?

      Applying in Ujjivan Bank IPO is very easy and quick process via ASBA. You can use your net banking user id and password to apply in IPO. In case you want to submit physical application, you can download Ujjivan Bank IPO application online and submit to nearest bank or to your broker. With new mandate from SEBI all physical application need to use UPI mode of payment. In such case you have to setup UPI and provide your UPI information in physical application. Once your bank receives your application they will use UPI ID to block your money. You will get UPI mandate and need to approve the same to submit your application.

      For more details on how to use UPI payment method to apply Ujjivan Bank IPO, please refer article >> Link

      Ujjivan Bank IPO Review and Important Updates

      Steps to download the online application form for Ujjivan Bank IPO

      • Step1:Click here.
      • Step2: Click on “Bid-cum Application Form Download
      • Step3: Above Step will open an online form.
      • Step4: Enter your Name, PAN, DP Type, DP Information, UPI No, Bank information (Do not enter), Address, email, phone, Transaction Type - "ASBA".
      • Step5: Fill bid details - min 400 Shares and max 5200 Shares.
      • Step6: Now fill the character given in Box, read and agree on terms and conditions and click on the download button.
      • Step7: This will fill your application online and give you a pdf file.
      • Step8: Take a print of this document and go to your bank for UPI transactions.
      • Or

      • You can download “Blank Application Form Download” and fill all the required filed and submit to the nearest bank for UPI transaction.

      Other revelevent question on same topics are:

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      Discuss this question

    4. 4 .What is the listing date of Ujjivan Bank IPO?

      Ujjivan Bank IPO is going to be list on 12-12-2019. NSE Code for Ujjivan Bank is TBD. BSE Code for Ujjivan Bank is TBD.

      Other revelevent question on same topics are:

      When Ujjivan Bank IPO will be listing? Ujjivan Bank IPO NSE listing date?Ujjivan Bank IPO date of listing.Ujjivan Bank IPO BSE listing date?

      Discuss this question

    5. 5 .When Ujjivan Bank IPO will be allocated?

      Ujjivan Bank IPO Allotment Date is 09-12-2019.

      Other revelevent question on same topics are:

      Ujjivan Bank IPO share allotment date?Ujjivan Bank IPO allotment date?

      Discuss this question

    6. 6 .When Ujjivan Bank IPO will be open?

      Ujjivan Bank IPO Issue Open Date is 02-12-2019.

      Other revelevent question on same topics are:

      Ujjivan Bank IPO start date? When Ujjivan Bank IPO Open Date? When to invest in Ujjivan Bank IPO?

      Discuss this question

    7. 7 .When Ujjivan Bank IPO will be close?

      Ujjivan Bank IPO Issue Close Date is 04-12-2019.

      Other revelevent question on same topics are:

      Ujjivan Bank IPO end date? When Ujjivan Bank IPO Close Date? Last Date to invest in Ujjivan Bank IPO?

      Discuss this question

    8. 8 .What is price of Ujjivan Bank IPO for retail investor?

      Ujjivan Bank IPO price for retail investor is ₹36 ₹37 per share. Company is also offering special discount of ₹2 Shareholders.

      Discuss this question

    9. 9 .What is lot size of Ujjivan Bank IPO for retail investor?

      Ujjivan Bank IPO lot size for retail investor is 400 Shares(Min) and 5200 Shares (Max).

      Other revelevent question on same topics are:

      Ujjivan Bank IPO lot details? Ujjivan Bank IPO market lot? Ujjivan Bank IPO details lot size?

      Discuss this question

    10. 10 .Can I invest in Ujjivan Bank IPO via UPI?

      Yes, you can invest in Ujjivan Bank IPO via UPI. If aplying online you can use UPI as well as ASBA any one process, if applting in physical form UPI is mandatory.

      Discuss this question

    11. 11 .What is minimum amount retail investor need to apply for one application of Ujjivan Bank IPO?

      To apply in one application of Ujjivan Bank IPO you need ₹36 ₹37 per share(Issue Price) - ₹2 Shareholders (discount) * 400 Shares (Minum Order Qty) =₹14800.

      Discuss this question

    12. 12 .What is the shareholders cutoff date in ujjivan small finance bank ipo?

      Ujjivan SFB IPO is accepting 55,000 applications under Shareholder quota. Eligible UFSL Shareholders bidding in the UFSL Shareholder Reservation Portion are entitled to Bid at the Cut-off Price with special discount of ₹2 Per Share. The cut-off date for UFSL Shareholders was 22nd Nov 2019. When applying in IPO, you will get an option for Shareholders Quota, in case you are eligible candidate, you must apply 1-2 lots in the shareholder category. Simaltonusly, you can apply 1 lot in a retail category also. At this time its looks like that Shareholder quota will also be oversubscribed.

      Discuss this question

    13. 13 .How to apply ujjivan small finance bank IPO under shareholder quota?

      The cut-off date for the USFB Shareholder quota is 22nd Nov 2019. Special discount of ₹2 Per Share offered for Shareholders. In case you are eligible for shareholding quota, you must apply min one application under shareholding quota. You can apply min 1 application in the retail category also. When you submit application online you will find an option for shareholders as well as retail categories, both of your applications are valid. Try to apply in both the category.

      In case you apply in shareholder quota, you can not apply in HNI quota. If you apply shareholder quota and HNI quota then both bid will be rejected.

      Process of applying share under Shareholder category will be same (ASBA or UPI), you need to select category as shareholder. Shareholder Category Reservation is 75 Cr or 2142857 shares.




      Ujjivan Bank IPO Review and Important Updates

      How to download online application form for Ujjivan Bank IPO?

      Discuss this question

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    User Comments

    avatar
    10. IPO Online Application  12/6/2019 3:58:35 PM Reply
    The allotment is going to declare tomorrow. The link will be active tmr.
    avatar
    10.1. Vaibhav S  12/7/2019 9:28:25 AM
    Ujjivan IPO Allotment is not yet out - going to be declared on Karvy site shortly -
    Ujjivan IPO Allotment on Karvy
    avatar
    10.2. Komal Bhalge  12/7/2019 9:32:56 AM
    GMP for Uijjivan is 22 now. It's going down day by day. Better to book listing gain and exit.
    avatar
    9. Vishwanath c  12/4/2019 12:16:58 PM Reply
    1. How many lots(max) one can apply in Shareholding Quota?
    2. How many lots(max) one can apply in RII after applying in Shareholding?
    3. At what rate one should bid in both categories?
    avatar
    9.1. Vijay Jain  12/4/2019 12:19:12 PM
    A1: Shareholding Quota Max 14 Application - 400X14X35=1,96,000
    A2: You can apply Max 13 lots in RII after SHA.
    A3: Retail - 37 and SHA - 35
    avatar
    8. Sanjoy sarkar  12/4/2019 11:09:57 AM Reply
    HDFC Bank ASBA is down, how can I Apply Ujjivan IPO now? Please help.
    avatar
    7. Vijay Jain  11/26/2019 4:26:41 PM Reply
    Must apply IPO - Dear Retail investor, Gray Market Price (GMP) ₹10-12, Kostak ₹400-450, a retail investor must apply in this IPO to get listing gain.
    avatar
    7.1. Vijay Jain  11/26/2019 6:49:14 PM
    Ujjivan Bank (USFB) roadshow rescheduled for tomorrow (27th Nov 2019) in Mumbai.
    avatar
    7.2. IPO Potter  11/26/2019 6:58:00 PM
    Looking to the successful IPO of CSB Bank IPO which is oversubscribed more than 87x, Ujjivan Bank IPO may be oversubscribed at least more than 125x. Retail quota is more in Ujjivan Bank compare to CSB Bank so all the best to all investors.
    avatar
    7.3. Vijay Jain  11/28/2019 10:07:09 AM
    Ujjivan Bank IPO Grey market premium (GMP) as on 28th Nov 2019 is ₹14-15, Kostak ₹300-350 & Subject to Sauda is ₹4000.
    avatar
    7.4. Manoj Kumar  11/29/2019 6:23:39 AM
    Ujjivan SFB IPO GMP 18.75
    avatar
    7.5. Vinay Jain  11/29/2019 7:19:16 PM
    Today's GMP 18.50 @ 5pm
    avatar
    6. IPO Potter  11/29/2019 6:15:16 AM Reply
    Ujjivan SFB IPO:

    For sure, retail and shareholder category both are going to subscribes multiple times.

    There are approx 110000 shareholders and 55000 applications required in shareholder category (10% of 75 cr reserved out of 750 crore ipo). If all shareholders will apply in reserved category then allotment ratio is 1:2. It is better to apply 2 lots in shareholder category. But apply only one lot in retail category.

    Shareholders can apply - 1 lot in retail + (1 or 2) lots in shareholder quota
    avatar
    5. IPO Guru  11/28/2019 9:51:45 AM Reply
    Upcoming ipo with shareholder quota - Better to buy one share of parent company.

    SBI card - parent - SBI
    Hdb finance - parent - hdfc bank
    Equitas small finance bank - parent - Equitas
    Bajaj energy - parent - Bajaj Hindustan
    PNB MetLife - parent - PNB
    Reliance retail - parent - reliance
    Reliance jio - parent - reliance
    avatar
    4. Harish Attarde  11/19/2019 12:14:37 PM Reply
    Hello Sir,

    I have bought Ujjivan Holding on 21st Oct 2019, am I eligible for shareholder quota, Please confirm.
    avatar
    4.1. IPO Potter  11/19/2019 12:18:16 PM
    It's not yet clear, we need to wait for rhp.
    Only Eligible UFSL Shareholders (i.e. Individuals and HUFs who are equity shareholders of our Promoter, UFSL
    (excluding such other persons not eligible under applicable laws, rules, regulations and guidelines) as at the date of
    the Red Herring Prospectus) would be eligible to apply in this Issue under the UFSL Shareholders Reservation Portion
    avatar
    4.2. Sachin D  11/24/2019 10:51:40 PM
    Cut off date for shareholding quota was 22nd Nov 2019. Investors holding shares on and before 22nd Nov 2019 are eligible.
    avatar
    4.3. Sachin Jain  11/27/2019 3:52:03 PM
    Got email from Ujjivan Financial Services Limited about Shareholding quota. All individuals who are eligible and updated email with CDSL/NSDL must have received email till now, please chk your inbox.
    avatar
    3. IPO Guru  11/27/2019 10:22:02 AM Reply
    Price Band : ₹36-₹37
    Lot : 400 shares
    Shareholder : ₹35
    Opens : 2nd December 2019
    Closes : 4th December 2019
    Cut Off Date for Shareholders : 22nd November 2019
    avatar
    3.1. Heeramani Soram  11/27/2019 10:23:46 AM
    How many lots available in shareholder quota of USFB IPO?
    avatar
    3.2. IPO Potter  11/27/2019 12:04:14 PM
    Expected Listing price for Ujjivan Bank IPO - ₹55 to 60,. Recommendation - Apply
    avatar
    3.3. Viru Solanki  11/27/2019 2:45:23 PM
    Is there any discount for a retail category?
    avatar
    3.4. IPO Online Application  11/27/2019 2:47:03 PM
    Hello Viru Sir, No discount for the retail category. For shareholder quota, there is discount of Rs 2.
    avatar
    2. GMP Update  11/27/2019 10:25:43 AM Reply
    Ujjivan SFB IPO Grey Market Price (GMP) 16.00 as on 26 Nov 2019
    avatar
    1. IPO Potter  11/19/2019 9:02:03 AM Reply
    Ujjivan SFB IPO - Schedule *(Tentative)*

    26th Nov - Announcement of Price Band
    28th Nov - Anchor Investors Allotment
    29th Nov - Offer Opens
    03rd Dec - Offer Closes
    09th Dec - Finalisation of Basis of Allotment
    10th Dec - Unblocking of ASBA Accounts
    10th Dec - Credit of Equity Shares to Depository Accounts
    11th Dec - Commencement of Trading


    Ujjivan SFB IPO - Issue Information *(Tentative)*

    Issue Opens on: 29 November 2019
    Issue Closes on: 03 December2019
    Issue Type: Book Built Issue IPO
    Issue Size: 32,43,24,324 Shares
    Face Value: ₹10/- per Share
    Issue Price: ₹36 - ₹37 per Share*(Tentative)*
    Market Lot: 400 Shares
    Listing At: NSE, BSE

    Equity Shares outstanding prior to the Issue = 1,44,00,36,800 Shares
    Fresh Issue of 32,43,24,324 Shares @37/- = ₹1,200.00 Crores
    Equity Shares outstanding after the Issue = 1,76,43,61,124 Shares

    Category-wise Break up:
    Total Issue - 32,43,24,324 Shares = 1200.00Crs.

    NAV as on June 30, 2019 was ₹13.29 (Page #76 of DRHP)

    Ujjivan SFB IPO - *Market's Current Estimates of oversubscription*:

    RII = 10.00L Forms = 13.70X Applic. wise (Avg allotment of ~29.19 shares per lot)
    NII = 25.0K Crs. = ~154.32X

    Interest cost @8.00%p.a. for 7days = 5.68paise for 1X

    Thus, for NII the costing = 154.32 X 5.68paise = ₹8.76 per share (= GMP)

    And, for RII the costing = 29.19 X 8.76 = ₹~548/- (= Kostak)

    Ujjivan SFB IPO- *GMP Estimated*
    GMP 9 +/- 1
    Kostak ₹550
    avatar
    11.1. Vineet Gupta  11/26/2019 4:21:55 PM
    Ujjivan Bank IPO - Gray Market Price (GMP) ₹10-12, Kostak ₹400-450 as of 26 Nov 2019

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