Ujjivan Small Finance Bank (UJJIVANSFB) IPO
Ujjivan Financial Services (UFSL) were trading higher for the sixth straight day, up 6 per cent at Rs 346 on the BSE on Friday ahead of the subsidiary company’s Ujjivan Small Finance Bank (USFB) initial public offer (IPO) due next week.
The Rs 750 crore IPO of Ujjivan Small Finance Bank will open on December 2. The share sale will close on December 4. Ujjivan Small Finance Bank, promoted by Ujjivan Financial Services, has set a price-band in the range of Rs 36-37 per share.
The proposed Issue of USFB comprises fresh issue of equity shares aggregating up to Rs 750 crore and a portion of the issue, aggregating up to Rs 75 crore, has been made available for the eligible UFSL shareholders, on a proportionate basis.
| Ujjivan Small Finance Bank ( IPO )
UJJIVANSFB IPO |
|
|---|---|
| Open On | 2nd, December, 2019 |
| Close On | 4th, December, 2019 |
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Sources: business-standard, economics times,
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