Ujjivan to raise ₹1,200 cr. via public offer

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.

Our code of editorial values

This article is closed for comments.
Please Email the Editor

Printable version | Aug 4, 2021 12:08:52 AM |

Next Story