Ujjivan Small Finance Bank allots 22,61,90,476 shares through QIP

The Board of Directors of Ujjivan Small Finance Bank Limited through its resolution passed today i.e. September 15, 2022, approved the allotment of 22,61,90,476 Equity Shares of face value ₹10 each to eligible qualified institutional buyers at the issue price of ₹ 21 per Equity Share (including a premium of ₹ 11 per Equity Share) and reflects a discount of ₹ 0.93 per Equity Share (i.e. 4.24% on the Floor Price of ₹ 21.93 per Equity Share, aggregating to ₹ 4,74,99,99,996 (Rupees Four Hundred Seventy Four Crores Ninety Nine Lacs Ninety Nine Thousands Nine Hundred Ninety Six only), pursuant to the Issue in accordance with provisions of SEBI ICDR Regulations.

The Issue opened on September 12, 2022 and closed on September 15, 2022.

Pursuant to the allotment of Equity Shares in the Issue, the paid-up equity share capital of the Bank stands increased to ₹ 19,54,50,46,810 comprising of 1,95,45,04,681 Equity Shares.

Source : Equity Bulls

Keywords

UjjivanSmallFinanceBank QIB QIP FundRaising SharesAllotment