Ujjivan Small Finance Bank is coming out with an initial public offering (IPO) to raise around Rs 750 crore. The issue will open on December 02, 2019 and will close on December 04, 2019. It has fixed a price band of Rs 36-37 per share.
The shares of the bank are proposed to be listed on NSE and BSE. The proceeds of the issue will be utilised towards augmenting its Tier-1 capital base to meet future requirements, and issue expenses. The book running lead managers to the issue are Kotak Mahindra Capital Company, IIFL Securities, and JM Financial.
Ujjivan Small Finance Bank (USFB) offers small finance to underserved & unserved segments in India. The bank aims to work for the financial inclusion of the country.
