Mutual Funds Commodities Research Tax Planning IPO Our Team Contact Us    
Google
Web www.equitybulls.com
Stock Report

| More

Ujjivan Financial Services Ltd's shareholders to get Rs. 2 discount in USFB's IPO

Posted On: 2019-11-27 13:27:10


Ujjivan Financial Services Ltd had earlier announced about the filing of the red herring prospectus dated November 22, 2019 ("RHP") of its subsidiary 'Ujjivan Small Finance Bank Limited' (hereinafter referred to as 'USFB') in connection with its proposed initial public offering ("Issue" or "IPO") of equity shares and announcement of Issue period, price band and discount to Eligible UFSL Shareholders.

The subsidiary has completed the pre-IPO placement by way of issue and allotment of 71,428,570 equity shares of USFB of Rs. 10 each ("Equity Shares") at a price of Rs. 35 each (including a premium of Rs. 25 per equity share) thereby raising an amount on 2,499,999,950.

USFB has filed the RHP with the Registrar of Companies, Registrar of Companies, National Capital Territory of Delhi and Haryana ("ROC") on November 22, 2019 and that the same has been taken on record by the ROC on November 26, 2019.

The proposed Issue of USFB comprises of a fresh issue of Equity Shares aggregating up to Rs. 7,500 million and a portion of the issue, aggregating up to Rs. 750 million has been made available for the Eligible UFSL Shareholders, on a proportionate basis. For this purpose, individuals and HUFs who are the public equity shareholders of UFSL as on the date of the RHP i.e., November 22, 2019 (excluding such persons who are not eligible to invest in the Issue under applicable laws or are otherwise unable to make any such investment strictly in accordance with the terms of, and restrictions specified in, the RHP) are the "Eligible UFSL Shareholders".

The issue schedule is:

Bid/Issue Opening Date - Monday, December 02,2019
Bid/Issue Closing Date - Wednesday, December 04,2019
Price Band - Rs. 36 to Rs. 37
UFSL Shareholder Discount - A discount of Rs. 2 per Equity Share on the Issue Price.

Shares of Ujjivan Financial Services Ltd was last trading in BSE at Rs.308.8 as compared to the previous close of Rs. 304.55. The total number of shares traded during the day was 163448 in over 2704 trades.

The stock hit an intraday high of Rs. 315.2 and intraday low of 302. The net turnover during the day was Rs. 50759359.


Source: Equity Bulls

Click here to send ur comments or to feedback@equitybulls.com





Other Headlines:

Nestlé India reaches out to Youth-launches 1000 'Nesternship' opportunities for young professionals

Bharat Forge launches Health Risk Monitoring System (HRMS) - An AI platform enabling Safe return to Workplace

Heritage Foods Ltd board to consider Q1FY21 results on July 29, 2020

Intellect Digital Core (IDC) ranked world #1 by IBS Intelligence Annual Sales League Table 2020

Ambuja Cements Ltd board to consider 2nd quarter results on July 24, 2020

RBL Bank revamps 'RBL MyCard' credit card app

Thomas Cook India sees opportunity in demand for mini-breaks Introduces City Escapes

TCS Launches Quartz™ Smart Solution to Help Financial Institutions Offer Cryptocurrency Trading

Tactical Air Support selects Ramco Aviation Suite

Karur Vysya Bank and Bajaj Allianz Life Insurance announce strategic partnership

Tractor market to report strong growth in Q2 FY21 - Pritika Auto Industries Ltd

LTI Launches Canvas, a Modern Software Engineering Platform for Remote & Hybrid Workforce of Future

ITC facilitates creation of livelihood opportunities in the rural sector during the pandemic

ABB launches anti-bacterial switches and sockets to keep surroundings safe

Steel Strips Wheels Ltd receives $140K alloy wheels order from EU market

Nucleus FinnOne Neo recognized as the #1 Market Leader in Lending by IBS Intelligence

Lupin Pharmaceuticals, Inc. Issues Voluntarily Nationwide Recall of Metformin Hydrochloride Extended-Release Tablets, 500mg and 1000mg due to the detection of NDMA impurity

ICRA reaffirms long term rating of Puravankara Ltd

YES Bank Ltd board approves fund raising through FPO

GMR Infrastructure Ltd. announces the Completion of Strategic Partnership transaction with Groupe ADP for Airports Business

Infosys Ltd board to announce Q1FY21 results on July 15, 2020

Shree Renuka Sugars Ltd Q4 consolidated loss at Rs. 146 crore

ZIM announces submission of marketing authorization application for Rizatriptan orally dissolving film in Europe

KG Petrochem Ltd Q4 FY20 net profit jumps to Rs. 10.64 crore

Airtel launches NEW Prepaid Packs with Premium Content from ZEE5

Birlasoft partners with Innoveo to Fast-track the Journey to Digital Excellence

PPAP Automotive Limited receives award from Toyota Kirloskar Motor Pvt Ltd

Indian Acrylics Ltd Q4 FY20 PAT at Rs. 3.45 crore

India Infrastructure Trust board Declares total distribution of Rs. 4.4497

Best Agrolife Ltd Board approves final dividend of Rs. 0.10 for FY2020

A Infrastructure Ltd Board approves Dividend of Rs. 0.10 for FY20

Unichem Laboratories Limited receives ANDA approval for its Cyclobenzaprine Hydrochloride Tablets

Opto Circuits India Ltd relaunches FDA approved Pulse Oximeters

L&T Infrastructure Finance closes the $ 100 million ECB from AIIB for Renewable Energy Finance

Digitate's ignio™ SaaS Suite for the Autonomous Enterprise Now Available on Microsoft Azure

Magma Fincorp Partners with Wadhwani Foundation to Provide Pro-bono Business Consulting to SME Customers

IDFC Mutual Fund #DateyRaho Campaign Thanks Investors For Staying Invested

Swaminathan Subramanian Joins Sterlite Power as Group Chief Human Resource Officer

TCS to Help Tryg Transform its IT Core and Enable Future Growth

Tata Power completes Sale transaction of ships for USD 212.76 million

Mindteck announces new client and project win

Maruti Suzuki partners with Axis Bank for easy finance solutions

Caplin Steriles to license five of its injectable ANDAs to Xellia Pharmaceuticals

Tata Communications wins eight awards at Frost & Sullivan's 2020 India ICT Awards

5paisa Capital Ltd board to approve Q1FY21 results on July 13, 2020

J P Chalasani resigned as Group CEO of Suzlon Energy Limited

India Infrastructure Trust fixes July 15, 2020 as record date for income distribution

PVR Ltd fixes July 10, 2020 as record date for rights issue

Suzlon announces Q4 FY20 Results

Sadbhav Infrastructure Project Ltd reports Rs. 1287.48 crore consolidated PAT in Q4 FY20







Website Created & Maintained by : Chennai Scripts
West Mambalam, Chennai - 600 033,
Tamil Nadu, India

disclaimer copyright © 2005 - 2019