Ujjivan Small Finance IPO: The IPO is subject to receipt of requisite regulatory approvals
- The issuance of shares under the Ujjivan Small Finance Bank will be at a face value of Rs 10 each of Ujjivan Financial Services shares.
- Ujjivan Small Finance Bank has selected Kotak Mahindra Capital Company Limited, IIFL Securities Limited and JM Financial Limited as book running lead managers.
- The issue price of the IPO will be determined by Ujjivan Small Finance Bank in consultation with the book running lead managers.
- As part of the IPO proposal, Rs 120-crore worth of shares will be reserved for Ujjivan Financial Services shareholders, as defined in the DRHP.
- The IPO is subject to receipt of requisite regulatory approvals, market conditions and other considerations, Ujjivan Financial Services added.
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