Ujjivan Small Finance Bank (USFB) Limited IPO
(i) They are a mass-market focused SFB in India, catering to unserved and underserved segments and committed to building financial inclusion in the country. The Promoter, UFSL commenced operations as an NBFC in 2005 with the mission to provide a full range of financial services to the ‘economically active poor’ who were not adequately served by financial institutions.
(ii) UFSL’s erstwhile business was primarily based on the joint liability group-lending model for providing collateral-free, small ticket-size loans to economically active poor women. UFSL also offered individual loans to Micro and Small Enterprises (“MSEs”) and adopted an integrated approach to lending, which combined a customer touchpoint similar to microfinance, with the technology infrastructure and related back-end support functions similar to that of a retail bank.
(iii) As of June 30, 2019, they operated from 474 Banking Outlets that included 120 Banking Outlets in URCs (of which seven were business correspondent centers) and additionally operated 50 Asset Centres. As of June 30, 2019, they operated 96, 152, 157 and 69 Banking Outlets (including in URCs) in the North, South, East and West regions, respectively.
(iii) On October 7, 2015, UFSL received RBI In-Principle Approval to establish an SFB, following which it incorporated Ujjivan Small Finance Bank Limited as a wholly-owned subsidiary. UFSL, subsequent to obtaining RBI Final Approval on November 11, 2016, transferred its business undertaking comprising of lending and financing business to Small Finance Bank, which commenced its operations from February 1, 2017.
Now as per the RBI mandatory listing requirement, the small finance bank is coming up with an IPO.
Objects of the Ujjivan Small Finance Bank (USFB) Limited IPO:
Ujjivan Small Finance Bank (USFB) Limited IPO Details:
| Open Date: | Dec 02 2019 |
| Close Date: | Dec 04 2019 |
| Total Shares: | 20.27 Crores |
| Face Value: | ₹ 10 Per Equity Share |
| Issue Type: | 100% Book Building |
| Issue Size: | 750 Crores Cr. |
| Lot Size: | 400 Shares |
| Issue Price: | ₹ 36-37 Per Equity Share |
| Listing At: | NSE,BSE |
| Listing Date: | Dec 12 2019 |
Promoters And Management:
Company Business:
Financials of Ujjivan Small Finance Bank (USFB) Limited IPO:
| Particulars ( in Crs) | 3MFY20 | FY18-19 | FY17-18 |
| Deposits | 7956 | 7379 | 3772 |
| Net Advances | 11327 | 10552 | 7336 |
| Net Interest Income (NII) | 352 | 1106 | 861 |
| Non-Interest Income | 100 | 205 | 111 |
| Operating Profit/(Loss) | 161 | 309 | 319 |
| Provisions and Contingencies (Other than tax) | 66.7 | 109 | 312 |
| Net Profit /(Loss) | 94.4 | 199.2 | 6.8 |
| Key Performance Indicators | |||
| Earnings per share | 0.66 | 1.2 | 0.05 |
| Equity and Preference Shares | 164 | 164 | 164 |
| Book value per share | 11.67 | 11.09 | 10 |
| Net Interest Margin% | 10.51% | 10.93% | 10.31% |
| Cost-Income Ratio% | 64.37% | 76.54% | 95.53% |
Comparison With Peers:
| Parameter(Crores) | Ujjivan Small Finance Bank | AU Small Finance Bank |
| Deposits | 7379 | 19422 |
| Net Advances | 10552 | 22818 |
| Net Interest Income (NII) | 1106 | 1190 |
| Non-Interest Income | 205 | 462 |
| Operating Profit/(Loss) | 309 | 722 |
| Provisions and Contingencies (Other than tax) | 109 | 142 |
| Net Profit /(Loss) | 199.2 | 381 |
| Book value per share | 11.09 | 108.28 |
| P/B | 3.3x | 7.6x |
Recommendation on Ujjivan Small Finance Bank (USFB) Limited IPO:
Lead Manager of Ujjivan Small Finance Bank (USFB) Limited IPO:
Registrar of Ujjivan Small Finance Bank (USFB) Limited IPO:
Bid Details of Ujjivan Small Finance Bank (USFB) Limited IPO as on
04-Dec-2019 22:30:01 IST
Total Number of Applications in Retail Category: ~1647003
Application-wise Subscription in Retail Category: 36.11X
Discussion on Ujjivan Small Finance Bank (USFB) Limited IPO:
186 Comments
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Plz update Prince pipe and fitting ipo details
Bought it at price 60 , should sell or hold ? please suggest Market wizard
hold. But the horizon should be one year at least.
MR MARKET WIZARD
WHAT IS UR OPINION ABOUT DC INFOTECH
KINDLY ADVISE PLS.
prince pipes ipo oppen 18/12/2019 closed20/12/2019price band&lot will be declared 2 dayago issue opens
There is some unconfirmed news about “Prince Pipes and Fittings IPO” to be issued from “18 Dec 2019 to 20 Dec 2019”
NOT SURE IF THIS IPO IS GONNA GET APPROVED FOR US TO BID
But beware incase if the information about Pipes IPO turns out to be true , before applying for it, BE CAUTIOUS there is not much revenue in the company recently , so proceed with caution when applying for Pipes IPO incase the Pipes IPO information becomes true
MY VIEW IS TO NOT APPLY FOR IT because of weak REVENUE
@MARKET WIZARD
from which section in investorzone.in site I can find this kind of article?
as mentioned in this link
https://investorzone.in/hidden-gems-with-huge-potential/
I have search around all sections but didn’t find it.
I got above link directly from google.
suggest selling price?
*Ujjivan IPO Update:*
Listing on December 12, 2019,
Scrip Code : 542904
Symbol : UJJIVANSFB
ISIN No.: INE551W01018
*Ujjivan*
Heard on street that Ghosh Family is Selling Huge in Ujjivan and Hence Calcutta People has spoiled the Momentum.
They just want Retail and HNIs to suck and make loss.
Who is this Ghosh family from Calcutta?
STILL I guess we can’t complain since it’s ART OF TRADING
Prince Pipes & Fittings IPO – Issue Information *(Tentative)*
Issue Opens on: 17 December 2019
Issue Closes on: 19 December 2019
Issue Type: Book Built Issue IPO
Issue Size: 30,00,000 Shares
Face Value: Rs.10/- per Share
Issue Price: Rs.188 – Rs.200 per Share *(Tentative)*
Discount: Rs.NIL /-
Market Lot: 75 Shares
Listing At: NSE, BSE
Equity Shares outstanding prior to the Issue = 9,00,15,816 Shares
Offer for Sale of 1,00,00,000 @200/- = Rs.200Crs
Fresh Issue of 2,00,00,000 @200/- = Rs.400.00Crs
Equity Shares outstanding after the Issue = 11,00,15,816 Shares
Category-wise Break up:
Anchor – 90,00,000 Shares = 180Crs
QIB – 60,00,000 Shares = 120Crs
NII – 45,00,000 Shares = 90Crs
RII – 1,05,00,000 Shares = 210Crs (Lot size: 75 = 1,40,000 Forms)
Total Issue – 3,00,00,000 Shares = 600Crs.
Subscription required for 1X
RII = 1,40,000 Forms
NII = 90Crs
There is some unconfirmed news about “Prince Pipes and Fittings IPO” to be issued from “18 Dec 2019 to 20 Dec 2019”
NOT SURE IF THIS IPO IS GONNA GET APPROVED FOR US TO BID
But beware incase if the information about Pipes IPO turns out to be true , before applying for it, BE CAUTIOUS there is not much revenue in the company recently , so proceed with caution when applying for Pipes IPO incase the Pipes IPO information becomes true
MY VIEW IS TO NOT APPLY FOR IT because of weak REVENUE
i applied from 4 cdsl nd 1 nsdl demat account. cdsl money is released from blocking but nsdl account money not unblocked. what i do anybody have same problem. plzz suggest me
when money unblock in asba?
@marketwizard
I have applied 5 application from 1 bank account through net banking.
so, this could be result in non allocation? or by any manner is it reduce chances of allocation?
You must apply one application from one account.. If joint account two should be apply.
0/1 x4 in retail.
I heard that people applied via upi got better allotments.
Also historically I have seen very poor allotment in zerodha accounts.
in retail 0/6
Got 2950 shares, 590 each in 5 accounts in all SH category. No allotment in retail
0/6
got 1/5.
How many here got in retail?
i also got 1/5.
Congratulations
Didn’t get allotment in retail
Message received from broker
5200/608 share holder quota
Checked allotment status in karvys Kprism android app
0
How to check for allotment as karvy site is not working
It is working now.
Speed check IPO allotment ujjivan on KPRISM
14/0
*Ujjivan Shareholders quota allotment*
Shareholder Quota
Application : Firm allotment
400 : 400
800 : 417
1200 : 435
1600 : 452
2000 : 469
2400 : 487
2800 : 507
3200 : 521
3600 : 539
4000 : 556
4400 : 573
4800 : 590
5200 : 608
5600 : 625
I told from the start a retail investor must apply 12 lot from shareholder quota and 1 lot from retail.
Why should Retail Investor not apply for full 14 lots and apply just 12 lots. Ujjivan even came with corrigendum that removed 2 lakh combined limit for Shareholder and Retail. Retail investor who is a shareholder could have theoretically applied for 14 lots in Retail and 14 lots in Shareholder Quota. Smarter people would have only applied 14 lots in Shareholder and 1 lot in retail.
https://corpreg.karvy.com/ipostatus/
Site is down.
download karvy app and check.
Allotment done check
Any updates about allotment?
No update till now. I think they will Start deducting in the afternoon.
GMPs
24 25 @Rajkot
HOS
Listing Expected 68~74 Zone
Think over selling 60% Allotted shares on listing day.
Rest keep Holding
Last Examples were Polycab Affle Irctc Spandhan Credit Bank Dmart Endurance Metropolis.
Hold this Gem For Some time.
Those allotted must hold IPO shares ..Best Investment Opportunities. SL 42
@MZ is this regarding Ujjivan Finance???
yes.
ujjivan ipo amount started been debited from bank account first share holder quota debited then retail application debit
Basis of allotment for shareholder
https://d2un9pqbzgw43g.cloudfront.net/main/Shareholders_Reservation_09122019_165537_T3.pdf
1. Total Application applied = 440083
2. Total Shares applied = 7,85,54,000
3. Price for shareholders = Rs.35
4. Total Application Size = 7,85,54,000*35= Rs. 274 Crores
5. Total Size reserved = 75 Crores.
6. So Shareholder quota subscribed by 3.65x.
https://d2un9pqbzgw43g.cloudfront.net/main/Retail_Individual_Investors_09122019_165539_T3.pdf
Final HNI oversubscription = 473.3342 times
Hence, HNI Costing
Considering ROI @7.5%
= 25.19
Considering ROI @8%
= 26.87
Ujjivan basis :
Hni ~ 473 times
Retail- 1102 : 35
Shareholders 400 shares firm & 5600 shares – 625 shares
Qib ~ 119.83 times
Amount unblocked : 10-12-19
Listing : 12-12-19
Allotment would be tomorrow on:
https://corpreg.karvy.com/ipostatus/
625share allotment in shareholders in 2lakh application
No update till now.
ujjivan ipo allotment approx available10/12/2019
Any updates on allotment?
Is it out already?
not yet
Kab tak Hoga allotment
bye eve
Allotment time
Best of luck guys
Sir
It’s only rumors about shareholder category.
No one can give perfect idea.
Tomorrow we all know when basis of allotment out
market wizard
good mornig pls clear fictaion
market wizard
good mornig
pls clear share holdre app calculationallotment who apply by lot wise &psiibale allotment share
One lot is possible in shareholders quota.
*Shareholder Category*
Valid Applications under Shareholder Category are around 40000~42500.
Those who applied 5600 Might Get 700 shares
Those applied 800 will get 30 40 extra shares.
Monday Allotment will come.
[07/12, 3:54 PM] DEEPANGEORGE: let’s keep an eye on our ASBA bank accounts from time to time (check balances regularly for today and tomorrow) and see if the money is released , there might be case like CSB shares, where the case of earlier release of amount in our ASBA bank accounts happened
[07/12, 3:55 PM] DEEPANGEORGE: If anything happened like that anyone here , update info in this group guys/girls
listing date mentioned above is 11 dec.
but on other websites its showing 12…clarify plz
When is the allotment date for Ujjivan???
8 dec sunday
applied 10 lots
Total Applications Retail 1644359
Total Application Shareholder 53556
So one lot is almost certain for shareholder quota.
Shareholders
Application 44679 @ 2.44pm
have applied 14 lots.
Yes, Those shareholders who have applied more than 4 lots would be happier lot. Those who have applied just 1 lot would have 1/4 Chance of allotment. Those who applied 2 lots have 2/4 or 50 percent chance of allotment. Those, who applied max lots may get 3.5 lots or about 1400 shares.
Oops, Allotment in Shareholder quota also takes applications into account. So everyone will get 1 lot in Shareholder quota.
How many have applied under shareholder quota?
Please give feedback.
Shareholders might get good chunk of shares.
I applied 9 lots.
12 lots… hopefully will get some shares. Thanks for information.
PAN1 –> 12 SH and 1 RII
PAN2–> 13 SH
Will see how many I can get
I have applied 14 lots under Sh Category. SH is subscribed only 4 times. Lets see what happens. All other Categories are heavily subscribed.
You are not a retailer investor then
Before applying in Shareholder category. Are you holding ujjivan shares or not?
Forwarded as received.
Shareholder quota 39873 application at 12.45
it seems that Shareholder quota is going to receive more than 60,000 apps. Even this IPO is subscribed 50 times and close to 40 times in retail. This is just mad rush.
The GMP is touching 25. Listing expectations 30+
If I buy 1 share of SBI today will I be eligible to apply in share holders quota of SBI cards???
Hi can someone help here with the query pls
Shareholder quota application 31454 at 11 am.
Total shareholder quota is 75 crores
Size of one app is 35*400= 14000
Total App in Shareholder quota = ~54000.
Let us see how it folds till evening.
What if I have applied two application in retail category with same PAN as the first application is filled with wrong demat account number….??
Better to Cancel the Application with wrong demat account number.
?? Please give reply ..
How to cancel the application if I have put it through asba internet banking….??
How to cancel the bid if I have put it through internet banking ??
What are the number of shares to be applied for in HNI category???
Can anyone help????
amount must be more than 2 lakh
If employee shares are left over.. those shares will be allot to retail???
Chances are bleak.
There is no Quota for Employees in Ujjivan. All quotas are oversubscribed today.
Hi MW,
I was reading some where In RHP mentioned :
“In case of ASBA Bidders, do not submit more than one ASBA Forms per ASBA Account
Can we really apply In both categories shareholders and RII ?
Yes, you can apply, no problem
What would be listing gain for this ipo?
around 40%.
I’m not getting the discount of RS.2 when I’m trying to apply, the amount is shown as 14,800. I’m an existing shareholder, can somebody please tell me how to avail the discount.
when you apply choose shareholder not individual.
Can someone advise me what to do?
I applied for the IPO and got a mandate in BHIM app for the same. I approved the mandate. My bank sent me a message saying the mandate has been created and amount is blocked. However, the BHIM app showed mandate failed.
Whom should i contact to get this sorted? What will happen to the blocked amount and my IPO application? Can someone advise me what to do now?
You can follow up with your broker or bank. But beyond uploading to exchange and checking the status from exchange, they are helpless. The UPI system is beyond them.
Thank you for that. You are right, the bank customer care are clueless and the worst part was the customer care person not understanding what is the mandate all about. I’ve to contact my broker tomorrow. Hopefully either my application is accepted or rejected and the amount is unblocked automatically by the UPI system.
Looking to about 2.08 crore shares available for reported to be about 1 lakh shareholders of Ujjivan Finance, how much shares one should apply as on an average only 200 shares are available per shareholder?
I was holding shares of Ujjivan Finance as on 22.11.2019 but sold later, will I still be eligible for shares of Ujjivan Bank in shareholders quota?
Rakesh, if you have money, then apply 1 lot in retail and remaining lots in shareholder quota. The sum of lots should be less than 2 lakh.
The second query answer is, Yes, you are eligible. The company will check who was eligible on 22.11.2019. You must have got e-mail as well from the company.
For SBI IPO when is the last date to be considered for shareholder quota?
date of filing of RHP. The same has not filed yet. But a request to buy 1-1 share today only to avoid any problem.
To qualify for shareholders quota which shares to buy??? SBI bank???
Thanks
SBI shares
what is allotment date?
My question is for retail category
Issue is oversubscribed already almost 7 and 8 times. Thus Retail would be lottery, remember there are 2 more days to go Retail can have even more subscription. It looks like even shareholders quota is going to be oversubscribed.
MV
Please tell , allotment basis will be proportionate or lottery
SBI CARD GMP 180/190 Fix 800
Hi WM,
In shareholder’s category, allotment is propotional based or normal way how RII works?
If its proportional based, We need top applly fully, Then only we will get more lots.
if we apply only 4 lots, We may get only 2
But if we apply for 13 lots, We can get more than 2 is this right ?
The portion of the Issue being up to ₹75 Crores, available for allocation to Eligible UFSL Shareholders Bidding in the UFSL Shareholder Reservation Portion, on a proportionate basis.
Further, a discount of ₹[2] per Equity Share is being offered to Eligible UFSL Shareholders Bidding in the UFSL Shareholder Reservation Portion in accordance with the SEBI ICDR Regulations and details of which will be announced at least two Working Days prior to the Bid/ Issue Opening Date.
So,
Applying 2L in a single account is equal to apply for 1L and 1L in 2 differnt (PAN is also different) accounts is also same ?
from one PAN number, apply with the below calculation:
1. retail investors can apply up to 2,00,000.
2. Lot Size is 400 and the Price is 37.
3. So 2,00,000/37= 5405 shares or 13 lots.
4. Apply 12 lots from shareholder quota and 1 lot from retail.
@ Market Wizard sir.. If I will buy 1 share of ujjivan financial on Monday and apply for 1 lot on Wednesday will they consider me as a sharehikder and allocate me share at 35/-
Any idea what exactly they mean by 2/- discount for shareholders?
No!
No. Date of eligibility was 22.11.2019.( date of filing RHP)
Can someone confrim current GMP!
24/25
Since it is already known that this IPO will be oversubscribed and chances of allotment are less, so does it make sense to buy it after listing for further gains like IRCTC IPO ?
Exactly my thoughts. We are here to get some help and help each other not promote some thing
MW Sir, I am very new to IPO. I have never participated in IPO. I have a Demat A/c in ICICI Bank linked with my SB A/c in the same branch. I want to participate in USFB IPO Issue. Request to guide me as to how to proceed?
Thanks in advance to all.
It is further requested to clarify if one can made two applications through upi and hdfc bank having same demat ac?
No. make only one application either from UPI or ASBA
OK, thanks
apply thorugh net-banking.
ujjinan share holder apply 14time becouse rate35 rs per share 5600×35=196000
share hoder qouta rs 2 per share discount
Chalega na??
Good IPO
Apply for 25-40% Listing Gain
Apply in Every Family Member Account
GMP Rs 15-17
Market Expect Approx 15 times Subscription in Retail
VALUATION OF UJJIVAN SMALL FINANCE BANK
1. Net-worth as on 30.09.2019 = 1993 Crores
2. Issued 14,055,097 Equity Shares at Rs.35 per share on 11-11-2019, thereby raised ~50 Crores.
3. Issued 71,428,570 Equity Shares at Rs.35 per share on 13.11.2019, thereby raised ~250 Crores.
4. Issuing 20,27,02,702 Equity Shares at Rs.37 per share thereby will raise ~750 Crores.
5. Net-Worth of Ujjivan Small Fin Bank post-issue would be ~ 3043 Crores.
6. Outstanding Shares Post-Issue would be 1,92,82,23,170
7. Book Value Post issue = 3043/192= 15.78
8. P/B multiple = 37/15.78= 2.34x
Hi market wizard
What is this 3043/192??
I mean what is the 192 and how/where did u get that figure
3043 Cr is the net-worth and 192 cr total shares( Equity and Preference).
Thanks for replying and enlightening me
Total Issue Size was 1000 Cr.
(i) Ujjivan Small Finance Bank has done Pre-IPO placement of 250 Crores. The Pre-IPO placement has been done at Rs. 35 per share.
(ii) Now the remaining 750 Crores are up for grab by QIBs, HNIs, Retail Investors and Shareholders.
(iii) Shareholders have a separate quota of 75 Crores.
So finally Rs. 675 Crores is left for QIBs, HNIs and Retail.
💡 *SBI Cards & Payment Services Ltd. filed DRHP today*
**Fresh Issue: Up to INR5,000mn
**Offer for sale: Up to 130,526,798 shares
**Selling Shareholders: State Bank of India & Carlyle (CA Rover Holdings)
**Employee Reservation: Up to 1,864,669 shares
**SBI Shareholder Reservation: Up to 13,052,680 shares
**IPO Structure:*
**Qualified Institutional Buyer (QIB): Maximum 50%
**Retail investor: Minimum 35%
**Non-institutional investor: Minimum 15%
**Nomura is Joint Bookrunning Lead Manager*
Nice
I have 1400 shares of
Ujjivan FSL. How i should apply for IPO in share holder quota with how much amount to avail max. Benefits.
Premium 12-15
Ujjivan Application Rate 400
Allotment – 3500
For Ujjivan Shareholders:
Apply 1 app from retail quota and rest from the shareholder quota.
The size of 1 app is 400*37= Rs. 14,800
So max. app retail investors can apply is 13.
So apply 1 app from the Retail account and 12 apps from shareholder quota.
Retail discount Rs 2
So,price Rs 35
400*35=14000 per application.
So apply in shareholder quota 13
Sir, right or wrong please reply
The detail of Ujjivan Small Fin Bank:
https://d2un9pqbzgw43g.cloudfront.net/main/UJJIVAN-PB.pdf
Shareholders can apply one app from retail quota and one from shareholder quota.
Rs. 2 discount for shareholders which means 5.40% listing gain already for them.
A total of 75 Crores is reserved for shareholders out of 675 Crores.
Which is better application in share holder … minimum amount application or 2 lac amount application?
Rs.2/- Discount for Ujjivan Financial Services Limited Shareholders.
Cut off Date For Shareholder’s Quota: 22nd Nov (RHP Date)
i.e. you must have UFSL Shares in your CDSL/NSDL account on 22nd Nov.
45608 Retail Lots Approx
53571 UFSL shareholders lots Approx.
Hi, this is to inform to you that, the Ujjivan Small Finance Bank IPO Press Conference scheduled for Tuesday, Nov 26, 2019 at Trident, Nariman Point has been postponed due to unforeseen circumstances. You will be informed of the PC revised date at the earliest.
Apologies for this inconvenience caused to you.
Regards
Shahab@conceptpr.com
Ujjivan SFB IPO
GMP 13.25 +/- 0.25
14.50/15.50
15.75/ 16
*USFB*
Size: 675 CR+ 75 CR Shareholder Cat.
PB: 35 37
Lot size 400 and ….
Shareholder Category
75 CR
I See 52.5 K Applications
Applying 2 lacs in Sh. Category is waste of time.
I think Apply for 1 Lot or 2 Lot
Premium Good Volume 12.5~13 @ Rajkot
HOS-
USFB will be a Good Bet.
Listing Expected 50+
Sh. Category Discount Likely to Be Re 1.
Share Holder Category
First Minimum Lot of 400 shares Will Be Given, thereafter Remaining Shares in Proportion Basis.
IPO Size 750 CR
Retail 10% ie 67.5 CR
Shareholder Portion 10% 75 CR
PRICE 35 ~ 37
Date Likely 2nd Dec or 29 Nov
Company Placed PREIPO @35 to
Bhansali Group
IIFL
Retail Discount NIL
Shareholder Discount Re 1
Cut off Date: 22 Nov 2019
Nice info, just 1 doubt can we apply in both retail and shareholder category at the same time? Will it be accepted or disqualified?
Cut off date for UJJivan shareholders was 22nd November?
Kindly block ipo grey member.
Given only advertisement
Yep
Please block spammers
Thank you George
Spammer
Spammer
Spammer
Can anyone apply in both retail and share holder category with single demat account?
Yes
Are you sure it’s alright? Mostly what they said is shareholder allotment has more priority for successful allotment but didn’t said multiple bids on different categories (retail + shareholder) are alright
Are you sure?
@WM,
I’m holding 1 share of Ujjiban Financial Services since last 8 Months.
Can you plz let me know how to participate in share holders category
And how much can I apply?
Am I eligible in retail category as well ?
Yes, we will update the same once the price band and RHP are available.
💡 *Ujjivan SFB IPO -* Market’s Current Estimates of oversubscription:
*RII = 10.00L Forms = 13.70X Applic. wise* (Avg allotment of ~29.19 shares per lot)👈🏻👈🏻👈🏻
NII = 25.0K Crs. = ~154.32X
Interest cost @8.00%p.a. for 7days = 5.68paise for 1X
Thus, for NII the costing = 154.32 X 5.68paise = Rs.8.76 per share (= GMP)
And, for RII the costing = 29.19 X 8.76 = Rs. ~548/- (= Kostak)
•°•°•°•°•°•°•°•°•°•°•°•°•°•°•°•°•°•°•°•
*Ujjivan SFB IPO-*
*GMP 9 +/- 1*
Facts
USFB
A good Bank but is Still Young to Hold.
Its a Great Bank Team Putting hard Efforts and so is must a portfolio company.
But
The bank Had A Pre IPO Round in which it failed to attract Investors mainly DII or FII.
Hence one might have to opt for wait and Watch Scenario.
Bank than alloted shares to some of the Big HNIs eg. Bhansali Group
I am afraid to say that No single Institutions came to buy at 35/-
This private placement can take bank to new high or low is a mystery.
The bank Had A Pre IPO Round in which it failed to attract Investors mainly DII or FII.?????
So wait and watch is the best option to apply this IPO?
https://economictimes.indiatimes.com/industry/banking/finance/banking/ujjivan-small-finance-bank-appoints-nitin-chugh-as-md-ceo-from-december-1/articleshow/69369949.cms
He is looked upon as the next Aditya Puri of the banking industry
Premium- 10Rs
Is this IPO worth to apply?
Yes, of-course.
Lol it’s you the spammer spamming everywhere in the internet with your referral Code,
Misusing Code to get your personal income from others opening account using your reference, damn you fraud
Dear all
Don’t get trapped by this fraudster
Lol it’s you the spammer spamming everywhere in the internet with your referral Code,
Misusing Code to get your personal income from others opening account using your reference, damn you fraud
Dear all
Don’t get trapped by this fraudster
Application 500
After getting a small finance bank license in 2017, Ujjivan Financial Services is now just the holding company and all the business are with Ujjivan Small Finance bank. So once the Ujjivan Small Finance bank gets listed, there is hardly any interest left in Ujjivan Financial Services.
Is this IPO worth to apply when it becomes available?
Any guesses on expected IPO price range for retail investors ?
*Ujjivan SFB*
On 31st March 2019
Total Share 144.06 Cr.
Nav 13.76
EV 1976 Cr.
Profit for Yr. 375 Cr.
Plus IPO of 1200 Cr
So Ev+Profit+IPO Proceeds
Therefore Ev 3551 as on 31st March 2020
New Nav Post IPO is 19.76
Therefore Issue is Coming at 1.75 X its Book@35 PB
Its Cheapest in SFB Group
As Avg Price in this Segment is 3-4X
* Price Assume 35 for IPO
* calculation Includes Pre IPO 250 Cr. Proceed
PEERS trades at
AU 7.89X
Credit 5.66X