Ujjivan Financial Services Ltd Incorporated in 2005, Ujjivan Financial Services Ltd is an Indian microfinance services company primarily based on the joint liability group lending model for providing collateral free, small ticket-size loans to economically active poor women. They also offer individual loans to Micro & Small Enterprises ("MSEs").
Ujjivan Financial Services Ltd offer group loans and individual loan as per their customer requirements. That includes agricultural, education, home improvement, and home purchase and livestock loans. In addition to loan products, they also provide non-credit offerings comprising of life insurance products, in partnership with insurance providers such as Baja Allianz Life Insurance, Kotak Mahindra Life Insurance, and HDFC Life Insurance Company Ltd.
Ujjivan Financial Services Ltd operations are spread across 24 states and union territories, and 209 districts across India. Serve over 2.77 million active customers through our 469 branches and 7,786 employees.
Ujjivan Financial Services Ltd is a professionally managed company and does not have an identifiable promoter either in terms of the SEBI ICDR Regulations or the Companies Act, 2013. Consequently, it has no 'promoter group' in terms of the SEBI ICDR Regulations.
Objects of the Issue:
The object of the issue is to:
1. Augmenting capital base to meet future capital requirements;
2. General corporate purpose.
»» Issue Open: Apr 28, 2016 – May 2, 2016
»» Issue Type: Book Built Issue IPO
»» Issue Size: 42,270,760 Equity Shares of Rs 10 aggregating up to Rs 887.69 Cr
› Fresh Issue of [.] Equity Shares of Rs 10 aggregating up to Rs 358.16 Cr
› Offer for Sale of 24,968,332 Equity Shares of Rs 10 aggregating up to Rs [.] Cr
»» Face Value: Rs 10 Per Equity Share
»» Issue Price: Rs. 207 – Rs. 210 Per Equity Share
»» Market Lot: 70 Shares
»» Minimum Order Quantity: 70 Shares
»» Listing At: BSE, NSE
The Initial Public Offer of Ujjivan Financial comprise of:
- A fresh issue of up to (*) equity shares aggregating up to Rs. 358.16 Crores and
- An offer for sale up to 24,968,332 equity shares aggregating up to Rs. [*] Crores