Established in 2017, the Ujjivan Financial Services-controlled Small Finance Bank offers small finance to underserved and unserved segments in India.
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Activity at the counter had picked up even before the price band of Rs 36-37 for its IPO was announced
Singapore govt, CX Partners are key anchor investors
Ability to diversify is well demonstrated; its effectiveness may take a while to reflect on numbers
The shareholders of Ujjivan Financial Services will get shares at a discount of Rs 2 per share to the final issue price.
The lender commenced operations in February 2017 and the bank will also have to bring the promoters' holding to 40 percent by 2022
Analysts say the holding company discount could exceed 50 per cent considering their shareholding structure
Capital adequacy ratio as on 30th June 2018 stood at 23.8%
Samit Ghosh, MD and CEO of Ujjivan Small Finance Bank, tells Anup Roy that affordable housing, micro and small enterprises and personal loans will account for the remaining 50% of Ujjivan's loans