Ujjivan Financial IPO

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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. 

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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
Retail Allocation 35%
Listing On BSE, NSE

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The Net Proceeds of the fresh issue will be utilised for augmenting Ujjivan’s capital base in FY2017.

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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
Total 70,593,055 69.77

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Ujjivan’s financial performance (in INR crore)

  FY2011 FY2012 FY2013 FY2014 FY2015
Total revenue 156.4 156.3 233.9 357.6 611.8
Total expenses 139.1 156.4 186.2 268.8 497.3
Profit/(loss) after tax 11.6 0.1 32.8 58.4 75.7

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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)
QIB   8,528,311  0.00 0.61 34.33
NII   6,340,619  0.04  0.32 136.25
Retail   14,794,776  0.39  1.06 3.99
Total   29,663,706 0.20  0.78 41.00

[/vc_column_text][vc_row_inner][vc_column_inner width=”1/2″][td_block_9 custom_title=”Articles about Ujjivan Finance” header_color=”#96d668″ tag_slug=”ujjivan” ajax_pagination=”next_prev”][vc_separator][td_block_text_with_title custom_title=”Ujjivan Financial Contact Details”]Ujjivan Financial Services Ltd
Grape Garden, No. 27, 3rd A Cross,
18th Main 6th Block,
Koramangala, Bengaluru, 560095

Phone: +91 8040712121
Fax: +91 8041468700
Email: [email protected]
Website: http://www.ujjivan.com[/td_block_text_with_title][/vc_column_inner][vc_column_inner width=”1/2″][td_block_text_with_title custom_title=”What we are reading”]Your Story: A tale of success in microfinance

Forbes: The Men Who Made Microfinance Work

[/td_block_text_with_title][vc_separator][td_block_ad_box spot_id=”custom_ad_1″][td_block_text_with_title custom_title=”Registrar of Ujjivan Financial IPO “]Karvy Computershare Private Limited
Karvy House, 46, Avenue 4, Street No. 1,
Banjara Hills, Hyderabad – 500 034
Andhra Pradesh, India

Phone: +91 40 23312454
Fax: +91 40 23311968
Email: [email protected]
Website: http://karisma.karvy.com[/td_block_text_with_title][/vc_column_inner][/vc_row_inner][vc_separator color=”vista_blue”][td_block_text_with_title custom_title=”Listing Performance of Ujjivan Financial IPO”]IPO Closing Date: 2 May 2016

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)[/td_block_text_with_title][/vc_column][vc_column width=”1/3″][vc_widget_sidebar sidebar_id=”td-default”][/vc_column][/vc_row]

Ujjivan Financial IPO
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9 thoughts on “Ujjivan Financial IPO

  • May 25, 2016 at 6:05 PM
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    Good I purchased Ujjivan on listing it jumped 7 percent today.

    Reply
  • May 6, 2016 at 6:51 PM
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    Got 1 Lot allotted for Ujjivan IPO….missed out on Thyrocare as did not get any.

    Reply
    • June 3, 2016 at 11:48 AM
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      Niladri, Ujjivan is rocking. Are you still holding this gem? I cashed out too early and terrifiied of buying at current levels.

      Reply
  • May 6, 2016 at 2:20 PM
    Permalink

    And got just one in Thyrocare 🙁

    Reply
  • April 28, 2016 at 5:41 PM
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    Very low subscription on first day, is there something wrong?

    Reply
    • April 29, 2016 at 9:53 AM
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      Give it one more day, just wait for today

      Reply
  • April 21, 2016 at 9:36 PM
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    Good research, pricing of Ujjivan IPO is just Rs. 2 up from the rate this website projected.

    Reply
  • April 21, 2016 at 4:24 PM
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    Ujjivan will be sold in 207 and 2010, sure shot price band

    Reply

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