Ujjivan Small Finance Bank gets SEBI’s nod for IPO

23 Oct 2019 Evaluate

Ujjivan Small Finance Bank has received markets regulator Securities and Exchange Board of India’s (SEBI) approval to raise Rs 1,200 crore through an Initial Public Offering (IPO).

The bank, which filed the draft red herring prospectus with the SEBI in August, got the regulator’s approval on October 16. Proceeds of the issue would be used towards augmenting the company's capital base to meet future requirements. The book running lead managers to the issue are Kotak Mahindra Capital Company, IIFL Securities and JM Financial.

Ujjivan Small Finance Bank provides financial solutions. The company offers loan for home, construction, improvement, and micro loans, as well as provides loan against property.

Ujjivan Small Fin Share Price

34.20 -0.51 (-1.47%)
20-Dec-2024 16:59 View Price Chart
Peers
Company Name CMP
HDFC Bank 1772.05
ICICI Bank 1285.70
Axis Bank 1072.10
Kotak Mahindra Bank 1743.55
Indusind Bank 930.00
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