Ujjivan Small Finance Bank IPO
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.
Strength of Ujjivan Small Finance Bank
1) As on Q2 FY20 | Gross NPA = 0.9% | Net NPA = 0.3%
2) The loan book is steadily growing. Total Loan Book = Rs 12,864 Cr (Q2 FY20)
3) Already raised Rs 250 Cr in Pre-IPO placement.
4) Established and well-calculated risk management.
5) Digitally Advance Platform.
Ujjivan Small Finance Bank IPO Details
IPO Opens on: 02 December 2019
IPO Closes on: 04 December 2019
Price Band: Rs 36-37 per share
Bid Lot: 400 shares and in multiples of 400 shares
Maximum Price: Rs 14,800
Fresh issue: Rs 750 Cr
Offer for Sale: Rs 0
IPO Size: Rs 750 Cr
Retail & Employees Discount: Rs 0 per share
Ujjivan Small Finance Bank IPO Time Line
Finalisation of Allotment: 09 December 2019
Initiation of Refunds: 10 December 2019
Transfer of Shares to Demat Account: 11 December 2019
Listing At: NSE & BSE
Listing Date: 12 December 2019
Financial Performance of (in Crores) Ujjivan Small Finance Bank
|Net margin (%)||9.8||0.4||0|
Ujjivan Small Finance Bank IPO Valuations
Face Value = Rs 10
Earnings Per Share (EPS) = Rs 1.20
PE Ratio = 30 (Approx)
Return on Net Worth (RONW) = 9.49%
Net Asset Value = Rs 12.64/Share
Ujjivan Small Finance Bank IPO Subscription Details
|Category||Shares offered||Subscription (no. of times, at 6 pm)|
|Day 1||Day 2||Day 3|
Grey Market Premium of Ujjivan Small Finance Bank IPO Day by Day
Grey market premium as on 04-12-2019 = Rs. 21-22/Share
Grey market premium as on 03-12-2019 = Rs. 21-22/Share
Grey market premium as on 02-12-2019 = Rs. 18-19/Share
Grey market premium as on 01-12-2019 = Rs. 17-18/Share
Grey market premium as on 30-11-2019 = Rs. 17-18/Share
Grey market premium as on 29-11-2019 = Rs. 17-18/Share
Grey market premium as on 28-11-2019 = Rs. 16-17/Share
Grey market premium as on 27-11-2019 = Rs. 14-15/Share