Ujjivan Financial IPO
Ujjivan started operations as an NBFC in 2005 with the mission of providing a full range of financial services to the economically active poor who are not adequately served by financial institutions. The company’s business is primarily based on the joint liability group lending model for providing collateral free, small ticket-size loans to economically active women. Ujjivan also offers individual loans to Micro & Small Enterprises (MSEs).
As of 31 December 2015, Ujjivan had operations spread across 24 states and union territories, and 209 districts across India. The company served over 2.77 million active customers through 470 branches as of December 2015. Employing 7,862 workers, Ujjivan’s gross assets under management (AUM) stood at INR45.89 billion as of December 2015. The company had approximately 11.15% of market share of the NBFC-MFI business in India as of 30 September 2015.
With initial focus on the urban and semi-urban poor, Ujjivan has gradually catered to an increasing number of rural customers, and as of December 2015, approximately 29%, 37% and 34% of its total customers comprise of rural, semiurban and urban customers, respectively.
Ujjivan is one of the 10 companies to have received in-principle approval from the RBI to set up a small finance bank (SFB).
Ujjivan Financial has no identifiable promoters in terms of SEBI ICDR regulations or the Companies Act 2013.
|Subscription Dates||28 April – 2 May 2016|
|Price Band||INR207 – 210 per share|
|Issue Size||INR875 – 882.5 crore|
|Face Value||INR10 per share|
|Minimum Bid||70 shares|
|Listing On||BSE, NSE|
The Net Proceeds of the fresh issue will be utilised for augmenting Ujjivan’s capital base in FY2017.[/vc_column_text][/vc_tta_section][vc_tta_section title=”Capital structure” tab_id=”1458479806356-0ea35d5d-db8632a7-5e14″][vc_column_text]
Biggest shareholders in Ujjivan Financial Services
|Name of shareholder||Equity Shares||Percentage (%)|
|CDC Group Plc||10,932,696||10.80|
|Alena Private Limited||10,790,943||10.66|
|International Finance Corporation||10,202,406||10.08|
|NewQuest Asia Investments II Limited||8,199,522||8.10|
|Elevar Equity Mauritius||6,355,684||6.28|
|Sarva Capital LLC||5,870,426||5.80|
|Women’s World Banking Capital Partners, L.P.||5,406,628||5.34|
|Bajaj Holdings & Investment Limited||5,124,702||5.06|
|Sequoia Capital India Investments III||4,201,276||4.15|
|India Financial Inclusion Fund||3,508,772||3.47|
Ujjivan’s financial performance (in INR crore)
|Profit/(loss) after tax||11.6||0.1||32.8||58.4||75.7|
Ujjivan Financial IPO Subscription Details
|Category||Shares offered||Subscription (No. of times)|
|Day 1 (at 5 PM)||Day 2 (at 6 PM)||Day 3 (at 7PM)|
Articles about Ujjivan Finance
Ujjivan Financial Contact Details
What we are reading
Registrar of Ujjivan Financial IPO
Listing Performance of Ujjivan Financial IPO
Finalisation of Basis of Allotment: 5 May 2016
Initiation of refunds: 6 May 2016
Transfer of shares to demat accounts: 9 May 2016
Listing Date: 10 May 2016
Listing Price on NSE: INR231.9 (10.4% premium over IPO price)
Closing Price on NSE: INR233.2 (11% return over IPO price)