Business Standard

Ujjivan SFB raises Rs 304 crore from anchor investors ahead of IPO

Singapore govt, CX Partners are key anchor investors

IPO market
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Abhijit Lele Mumbai
Private sector lender Ujjivan Small Finance Bank (USFB) has mopped up Rs 303.75 crore from anchor investors ahead of its initial public offering (IPO), which starts on December 2.

The banks want to raise Rs 750 crore to bolster its Tier-I capital. It has fixed a band of Rs 36-37 per share for the IPO.

The allocation of 82.1 million shares at Rs 37 apiece to 18 anchor investors has been finalised, the bank said in a statement on Saturday.

The Government of Singapore, the Monetary Authority of Singapore, CX Partners Fund, Aberdeen, HDFC Life Insurance Company, Bajaj Allianz Life

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First Published: Nov 30 2019 | 6:26 PM IST

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