- Ujjivan Small Finance Bank has received markets regulator Sebi’s go ahead to raise Rs 1,200 crore through an initial public offer (IPO). Microfinance lender Ujjivan Financial Services is the holding company of Ujjivan Small Finance Bank.
- As per the draft papers, the bank is proposing to undertake an initial public offering of equity shares of face value of Rs 10 each, comprising a fresh issue of shares aggregating up to Rs 12000 crore.
- Ujjivan Financial Services had raised Rs 300 crore in February from aclutch of investors, including HDFC Life and Sundaram MF, in a pre IPO placement. The funding valued the company at around Rs 2,000 crore.
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