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Ujjivan SFB's Rs 750-cr IPO priced at 3x its book value; issue opens Dec 2

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

IPO, markets
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Nidhi Rai Mumbai
The initial public offering (IPO) of Ujjivan Small Finance Bank (SFB) will open on December 2. The price band has been fixed at Rs 36-37 a share. The issue will close on December 4. Bids can be made for a minimum 400 equity shares and in multiples of 400 shares thereafter.

The proposed issue of Ujjivan SFB comprises fresh issue of equity shares aggregating up to Rs 750 crore and a reservation of equity shares aggregating up to around Rs 75 crore for subscription by eligible shareholders of Ujjivan Financial Services.

Samit Ghosh, founder, Ujjivan SFB, told reporters at the

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First Published: Nov 27 2019 | 7:42 PM IST

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