Ujjivan Small Finance Bank (USFB) has filed its draft red herring prospectus (DRHP) with the Securities and Exchange Board of India for an initial public offer to raise ₹1,200 crore.
According to the DRHP, the lender may consider a pre-issue placement up to ₹300 crore.
If the pre-IPO placement is undertaken, the amount raised from it will be reduced from the issue, subject to the minimum issue size constituting at least 10% of the post-issue paid-up equity share capital of Ujjivan SFB.
Kotak Mahindra Capital Company Limited, IIFL Securities Limited and JM Financial Limited are the book running lead managers for the issue.
