Ujjivan Small Finance Bank files DRHP for Rs 1,200 crore IPO

IPO-1200USFB, which caters to the unbanked urban poor and young middle class customers, filed its DRHP with the SEBI for its proposed IPO.

According to the DRHP, the company seeks to raise Rs 1200 crore, including reservation of equity shares of up to Rs 120 crore by eligible UFSL shareholders. The equity shares being offered are at a face value of Rs 10 each.

According to the DRHP filed by USFB, it may, in consultation with the BRLMs, consider a pre-issue placement of an aggregate amount not exceeding Rs. 300 crore( PRE- IPO Placement). The PRE-IPO Placement, if undertaken, will be at a price to be decided by USFB in consultation with the BRLMs and the PRE-IPO Placement will be undertaken prior to filing of the Red Herring Prospectus with the ROC.

USFB has appointed Kotak Mahindra Capital Company Limited, IIFL Securities Limited and JM Financial Limited as the running lead managers to the issue.

[“source=economictimes”]