Ujjivan Small Finance Bank Ltd IPO: Review, Listing


Update:

Ujjivan Small Finance Bank: Listing

Ujjivan Small Finance Bank, the subsidiary company of microfinance lender Ujjivan Financial Services Limited started its very first trade at INR 58 on the Bombay Stock Exchange on 12 December 2019.

The stock listed with a premium of 56.75 percent over the issue price of INR 37 per share.

The Stock made a high of INR 62.80 and a low of INR 53.05 before it ended at INR 55.95 on the National Stock Exchange when the market closed, which is up by 51.22 percent when compared to the issue price.

In terms of volumes, Ujjivan Small Finance Bank traded with 251,414,584 shares on the NSE.

 

Also Read: Value Pick Stock TUBE INVESTMENTS OF INDIA

 


 

29 November, 2019

Ujjivan Small Finance Bank Ltd, a mass-market focused bank (SFB) in India, (promoted by Ujjivan Financial Services Ltd) is planning to raise INR 750 Crore via IPO [Fresh Issue]

Ujjivan Small Finance Bank Ltd: Profile

Incorporated in the year 2017, Ujjivan Small Finance Bank Ltd offers small finance to underserved and unserved segments in India. The bank intends to work for the financial inclusion of the country.

The Bank’s promoter, Ujjivan Financial Services Ltd commenced operations as an NBFC in the year 2005 with the sole purpose to provide a full range of financial services to the ‘economically active poor’ who were not effectively served by financial institutions.

Ujjivan Small Finance Bank: Products & Services

The Bank’s portfolio of products and services includes various asset and liability products and services.

USFB Asset Products Comprise Of

  • Agriculture and allied loans,
  • Affordable housing loans,
  • Financial institutions group loans,
  • MSE loans,
  • Personal loans,
  • Vehicle loans, and
  • Loans to micro banking customers (include group loans and individual loans)

On the liability products, the bank offers savings accounts, current accounts and a variety of deposit accounts.

Besides, USFB also provides non-credit offerings comprising ATM-cum-debit cards, Aadhaar enrolment services; distributes third-party insurance products and point of sales (POS) terminals.

Ujjivan Small Finance Bank: Network

The Bank had the most diversified portfolio, spread across 24 states and union territories as of March 31, 2019 (Source: CRISIL Report).

As on 30 June, 2019, the bank served 47.2 lac clients and operated from 474 Banking Outlets that included 120 Banking Outlets in Unbanked Rural Centres (URCs) and additionally operated 50 Asset Centres.

In FY 2019 only, the bank operationalized 287 Banking Outlets.

As of June 30, 2019, the bank had a network of 387 ATMs (including nine ACRs), two 24 x 7 phone banking units based in Bengaluru and Pune that service customers in 11 languages, and

A mobile banking application that is accessible in 5 languages as well as internet banking facility for individual and corporate customers.

Ujjivan Small Finance Bank: Strength

  • Deep understanding of mass-market serving unserved and underserved segments
  • A customer-centric organization with multiple delivery channels
  • Pan-India presence
  • A technology-driven operating model with an advanced digital platform
  • A robust risk management framework
  • Strong track record of financial performance
  • Professional management,

Promoters:

Ujjivan Financial Services Limited (UFSL) is the promoter of the company

 

IPO Opening / Closing Date

 

IPO Details – Price, Minimum Bid and Other

 

Financial Performance

Ujjivan Small Finance Bank Ltd

 

CONCLUSION

Considering company’s valuation, financial parameters, and the sector potential in which it is operating, FinBlab recommends SUBSCRIBE ratings on Ujjivan Small Finance Bank Ltd IPO

 

Also Read

Value Pick Stock of the Month: APL APOLLO TUBES LTD

 


Disclaimer: The contents and data presented here are just for your information & personal use only. While much effort is made to provide the information, I ( Vishal Dalwadi ) or “FinBlab” do not guarantee the accuracy, correctness, completeness or reliability of any information or data displayed herein and shall not be held responsible.


 

You may also like

LEAVE A COMMENT