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Incorporated in 2005, Ujjivan Financial Services Ltd is an Indian microfinance services company primarily based on the joint liability group lending model for providing collateral free, small ticket-size loans to economically active poor women. They also offer individual loans to Micro & Small Enterprises ("MSEs").
They offers group loans and individual loan as per their customer requirements. That include agricultural, education, home improvement, home purchase and livestock loans. In addition to loan products, they also provide non-credit offerings comprising of life insurance products, in partnership with insurance providers such as Baja Allianz Life Insurance, Kotak Mahindra Life Insurance, and HDFC Life Insurance Company Ltd.
Ujjivan Financial operations is spread across 24 states and union territories, and 209 districts across India. serve over 2.77 million active customers through our 469 branches and 7,786 employees.
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Particulars |
For the year/period ended (in Rs. Million) | |||||
| Total Revenue | 7,296.40 | 6,118.81 | 3,576.62 | 2,339.29 | 1,563.03 | 1,564.43 |
| Profit After Tax (PAT) | 1,223.06 | 757.88 | 584.16 | 328.7 | 1.33 | 116.92 |
The object of the issue are to:
1. Augmenting capital base to meet future capital requirements;
2. General corporate purpose.
| Ujjivan Financial Services IPO Date | Apr 28, 2016 to May 2, 2016 |
| Ujjivan Financial Services IPO Face Value | ₹10 per share |
| Ujjivan Financial Services IPO Price | ₹207 to ₹210 per share |
| Ujjivan Financial Services IPO Lot Size | 70 Shares |
| Issue Size | 42,270,760 shares of ₹10 (aggregating up to ₹887.69 Cr) |
| Fresh Issue | [.] shares of ₹10 (aggregating up to ₹358.16 Cr) |
| Offer for Sale | 24,968,332 shares of ₹10 (aggregating up to ₹[.] Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Company Promoters | Ujjivan Financial is a professionally managed company and does not have an identifiable promoter either in terms of the SEBI ICDR Regulations or the Companies Act, 2013. Consequently, it has no 'promoter group' in terms of the SEBI ICDR Regulations. |
The Ujjivan Financial Services IPO lot size is 70 shares. A retail-individual investor can apply for up to 13 lots (910 shares or ₹191,100).
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 70 | ₹14,700 |
| Retail (Max) | 13 | 910 | ₹191,100 |
The Initial Public Offer of Ujjivan Financial comprise of:
Considering the status enjoyed by this company in MFI business and the plans for transition into a small finance bank, investment in this IPO will bring reasonable rewards in coming years. Investment may be considered for medium to long term.
Read detail review...The Ujjivan Financial Services IPO is subscribed 40.68 times on May 2, 2016 7:15:00 PM. The public issue subscribed 4.02 times in the retail category, 33.84 times in the QIB category, and 135.45 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| QIB | 33.84 |
| NII | 135.45 |
| Retail | 4.02 |
| Total | 40.68 |
| Listing Date | Tuesday, May 10, 2016 |
| BSE Script Code | 539874 |
| NSE Symbol | UJJIVAN |
| Listing In | B Group of Securities |
| ISIN | INE334L01012 |
| IPO Price | ₹210 per share |
| Face Value | ₹10 per share |
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Ujjivan Financial Services Ltd
Grape Garden, No. 27, 3rd A Cross,
18th Main 6th Block,
Koramangala, Bengaluru, 560095
Phone: +91 8040712121
Email: compliance@ujjivan.com
Website: http://www.ujjivan.com
KFin Technologies Limited
Phone: 04067162222, 04079611000
Email: einward.ris@karvy.com
Website: https://karisma.kfintech.com/
| Review By | Subscribe | Neutral | Avoid |
|---|---|---|---|
| Brokers | 7 | 0 | 0 |
| Members | 0 | 0 | 0 |
IPO Broker Recommendations
Ujjivan Financial Services IPO is a main-board IPO of 42,270,760 equity shares of the face value of ₹10 aggregating up to ₹887.69 Crores. The issue is priced at ₹207 to ₹210 per share. The minimum order quantity is 70 Shares.
The IPO opens on Apr 28, 2016, and closes on May 2, 2016.
KFin Technologies Limited is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
The Ujjivan Financial Services IPO opens on Apr 28, 2016 and closes on May 2, 2016.
Ujjivan Financial Services IPO lot size is 70 Shares and the minimum order quantity is .
You can apply in Ujjivan Financial Services IPO online using either UPI or ASBA as 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 apply IPO online through Zerodha, Upstox, 5Paisa, Edelweiss, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Ujjivan Financial Services IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Ujjivan Financial Services IPO allotment status.
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