Ujjivan Financial

Lender reports 45% growth in deposits to Rs 20,389 crore at the end of the quarter

Ujjivan Small Finance Bank (SFB) on Thursday reported a 7 per cent decline in its net profit to Rs 126.5 crore for the last quarter of the fiscal ended in March 2022

Singapore govt, CX Partners are key anchor investors

The shareholders of Ujjivan Financial Services will get shares at a discount of Rs 2 per share to the final issue price.

Higher costs to keep earnings growth and return ratios under pressure

Ujjivan is a microfinance lender and it will soon enter into small finance banking

The 29.7 million shares on offer saw bids for 1.2 billion shares worth Rs 25,200 crore, despite no participation by foreign investors

Company intends to raise between Rs 1,000 and Rs 1,200 crore through its IPO