Ujjivan Financial Services Limited IPO to hit markets on Apr 28, 2016

The Initial Public Offering (IPO) of Ujjivan Financial Services Ltd through a Fresh Issue of Rs.358.16 Crores and Offer for Sale of 24,968,332 Shares at a price band of Rs. 207 - 210 through 100% book building process will open for subscription on Thursday, April 28, 2016 and the Anchor Investor Bidding Date shall be one Working Day prior to the Bid / Issue Opening date. The Issue Closes for subscription on Monday, May 2, 2016.

The Bid Lot will be 70 Equity Shares and multiple thereof and the Issue Size is Rs.875.01 - 882.50 Crores.

The QIB* portion of the issue is 50% of Net Issue (21,011,803 - 21,135,392 Shares), NIB - Non Institutional Buyers portion of the issue is 15% of Net Issue (6,303,542 - 6,340,619 Shares) and the retail portion of the issue is 35% of Net Issue (14,708,264 - 14,794,776 Shares). The Company may allocate up to 60% Shares of the QIB Portion to Anchor Investors. The Mode of Payment is ASBA Mandatory (No Cheque will be accepted).

The Lead Managers to the issue are Axis Capital, Kotak Mahindra Capital, ICICI Securities, IIFL Holdings.

Karvy Computershare Pvt. Ltd. is the registrar to the company.

Source : Equity Bulls

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