Bookbuilding IPO | ₹746 Cr | Listed at BSE, NSE | Mon, Dec 2, 2019 - Wed, Dec 4, 2019
Ujjivan Small Finance Bank IPO is a book build issue of ₹745.95 crores. The issue is entirely a fresh issue of 20.27 crore shares of ₹745.95 crore.
Ujjivan Small Finance Bank IPO bidding started from Dec 2, 2019 and ended on Dec 4, 2019. The allotment for Ujjivan Small Finance Bank IPO was finalized on Dec 9, 2019. The shares got listed on BSE, NSE on Dec 12, 2019.
Ujjivan Small Finance Bank IPO price band is set at ₹37 per share. The lot size for an application is 400. The minimum amount of investment required by an retail is ₹14,800 (400 shares) (based on upper price). The lot size investment for sNII is 14 lots (5,600 shares), amounting to ₹2,07,200, and for bNII, it is 68 lots (27,200 shares), amounting to ₹10,06,400.
IIFL Capital Services Ltd. is the book running lead manager and Kfin Technologies Ltd. is the registrar of the issue.
Refer to Ujjivan Small Finance Bank IPO RHP for detailed Information.
IPO Open
Mon, Dec 2, 2019
IPO Close
Wed, Dec 4, 2019
Issue Price
₹37 per share
Market Cap (Pre-IPO)
₹6,394.43 Cr
| IPO Date | 2 to 4 Dec, 2019 |
| Listed on | Thu, Dec 12, 2019 |
| Face Value | ₹10 per share |
| Price Band | ₹36 to ₹37 |
| Issue Price | ₹37 per share |
| Lot Size | 400 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 20,27,02,702 shares (agg. up to ₹746 Cr) |
| Fresh Issue | 20,27,02,702 shares (agg. up to ₹746 Cr) |
| Share Holding Pre Issue | 1,52,55,20,467 shares |
| Share Holding Post Issue | 1,72,82,23,169 shares |
| BSE Script Code / NSE Symbol | 542904 / UJJIVANSFB |
| ISIN | INE551W01018 |
Ujjivan Small Finance Bank IPO comprises a total issue size of 20,27,02,702 shares. The net offer to the public is 18,24,32,432 shares, after excluding 2,02,70,270 shares under a preferential allotment. Of the Net offer 13,68,24,325 (75.00%) are allocated to QIB, 2,73,64,864 (15.00%) allocated to NII 1,82,43,243 (10.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue | Max Allottees |
|---|---|---|---|---|
| QIB Shares Offered | 13,68,24,325 | 75.00% | 67.50% | NA |
| − Anchor Investor Shares Offered | 8,20,94,594 | 40.50% | NA | |
| − QIB (Ex. Anchor) Shares Offered | 5,47,29,731 | 27.00% | NA | |
| NII (HNI) Shares Offered | 2,73,64,864 | 15.00% | 13.50% | NA |
| Retail Shares Offered | 1,82,43,243 | 10.00% | 9.00% | 45,608 |
| Preferential Reservations | ||||
| Shareholders Shares Offered | 2,02,70,270 | 10.00% | NA | |
| Total Shares Offered | 20,27,02,702 | 100.00% | 100.00% | |
Investors can bid for a minimum of 400 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 400 | ₹14,800 |
| Retail (Max) | 13 | 5,200 | ₹1,92,400 |
| S-HNI (Min) | 14 | 5,600 | ₹2,07,200 |
| S-HNI (Max) | 67 | 26,800 | ₹9,91,600 |
| B-HNI (Min) | 68 | 27,200 | ₹10,06,400 |
Ujjivan Small Finance Bank IPO raises ₹303.75 crore from anchor investors. Ujjivan Small Finance Bank IPO Anchor bid date is November 29, 2019.
📝 Anchor Investors Letter (PDF)
| Bid Date | Fri, Nov 29, 2019 |
| Shares Offered | 8,20,94,594 |
| Anchor Portion (₹ Cr.) | 303.75 |
| Anchor lock-in period end date for 50% shares (30 Days) | Wed, Jan 8, 2020 |
| Anchor lock-in period end date for remaining shares (90 Days) | Sun, Mar 8, 2020 |
| Application Category | Maximum Bidding Limits | Bidding at Cut-off Price Allowed |
|---|---|---|
| Only RII | Up to Rs 2 Lakhs | Yes |
| Only sNII | Rs 2 Lakhs to Rs 10 Lakhs | No |
| Only bNII | Rs 10 Lakhs to NII Reservation Portion | No |
| Only shareholder | Up to Rs 2 Lakhs | Yes |
| Shareholder + RII/NII |
|
Yes for shareholder/RII |
Note: To be eligible for the Shareholder Quota, you must hold shares in one of the following companies:
1. 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 loans
The 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.1. 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
| Period Ended |
|---|
| Amount in ₹ Crore |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | To augment our Bank’s Tier –1 capital base to meet our Bank’s future capital requirements such as organic growth and expansion and to comply with regulatory requirements for enhanced capital base, |
The Ujjivan Bank IPO is subscribed 165.66 times on December 4, 2019 7:49:03 PM (Day 3). The public issue subscribed 48.97 times in the retail category, 110.72 times in the QIB category, and 473 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 110.72 | 5,62,50,000 | 6,22,80,32,000 |
| NII | 473 | 2,81,25,000 | 13,30,31,91,200 |
| Retail | 48.97 | 1,87,50,000 | 91,81,87,600 |
| Others | 4.13 | 2,08,33,333 | 8,60,10,400 |
| Total | 165.66 | 12,39,58,333 | 20,53,54,21,200 |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | BRLMs fees and commissions (including underwriting commission, brokerage and selling commission) | 13.90 |
| 2 | Commission/processing fee for SCSBs(1)and Bankers to the Issue and fee payable to the Sponsor Bank for Bids made by RIBsand Eligible UFSL Shareholdersusing UPI | 0.42 |
| 3 | Brokerage and selling commission and bidding charges for Members of the Syndicate, RTAs and CDPs(2)and Registered Brokers | 1.88 |
| 4 | Fees payable to the Registrar to the Issue | 0.11 |
| 5 | Fees payable to the other advisors to the Issue | 0.72 |
| 6 | Listing fees, SEBI filing fees, upload fees,BSE & NSE processing fees, book building software fees and other regulatory expenses | 2.13 |
| 7 | Printing and stationery | 2.88 |
| 8 | Advertising and marketing expenses | 10.82 |
| 9 | Fee payable to legal counsels | 2.58 |
| 10 | Miscellaenous | 6.27 |
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹37.00 | ₹37.00 |
| Open | ₹58.00 | ₹58.75 |
| Low | ₹53.10 | ₹53.05 |
| High | ₹62.80 | ₹62.80 |
| Last Trade | ₹55.90 | ₹55.95 |
Ujjivan Small Finance Bank IPO is a main-board IPO of 20,27,02,702 equity shares of the face value of ₹10 aggregating up to ₹746 Crores. The issue is priced at ₹37 per share. The minimum order quantity is 400.
The IPO opens on Mon, Dec 2, 2019, and closes on Wed, Dec 4, 2019.
Kfin Technologies Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Ujjivan Small Finance Bank IPO using UPI as a payment gateway. Zerodha customers can apply in Ujjivan Small Finance Bank IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Ujjivan Small Finance Bank IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Ujjivan Small Finance Bank IPO opens on Mon, Dec 2, 2019 and closes on Wed, Dec 4, 2019.
Ujjivan Small Finance Bank IPO lot size is 400, and the minimum amount required for application is ₹14,800.
You can apply in Ujjivan Small Finance Bank IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Ujjivan Small Finance Bank IPO will be done on Monday, December 9, 2019, and the allotted shares will be credited to your demat account by Wed, Dec 11, 2019. Check the Ujjivan Small Finance Bank IPO allotment status.
The Ujjivan Small Finance Bank IPO listing date is on Thu, Dec 12, 2019.
