Ujjivan Financial Services all set for IPO – See details, Prospectus

ujjivan financial services ipo Ujjivan has offered its request for the  Equity Shares  through the Draft Red Herring Prospectus . It had filed its draft prospectus with SEBI on 31st December 2015 to be listed  on BSE and NSE and obtained clearance in Feb 2016. The Company  has got an ‘in-principle’ approval from BSE and NSE for the listing of the Equity Shares.

Ujjivan received Rs. 312 crore from domestic investors in a Pre-IPO placement round for the purpose to establish itself to a small finance bank from a micro- lender.


Company profile

Ujjivan Financial Services Limited is based at Bangalore, Karnataka in India. It is incorporated as on December 28,2004.  The company operates in financial sectors mainly to the economically active poor to support better lives.  Initially ,the company worked as an NBC in 2015 for the purpose to serve poor crowd who are not able to reach or adequately served by financial institutions. It is located across 24 states and Unions territories and 209 districts across India. Ujjivan facilitates over 2.77 million active customers through its 469 branches and 7786 employees and its Gross AUM stands at Rs. 40.88 billion as on September 2015. It started to provide collateral free, small ticket-size loans to economically active women with the help of joint liability group lending model at the beginning phase of its business. It also offer individual loans to Micro & Small Enterprises.

For the purpose to set up a small finance bank( “SFB”), Ujjivan received an in-principle approval from RBI (Reserve Bank Of India). The request was approved out of a total of 72 applicants.

Ujjivan provides a diverse range of loan products facilitating the specific requirements of its customers.  Offering products can be classified under two broad categories, namely, Group Loans and Individual Loans. Depending upon the end use, these products can be further sub-divided into agricultural, education, home improvement, and home purchase and livestock loans. All assets of the company under management (“AUM”) come under the priority sector lending norms prescribed by the RBI. relatively, the company is also availing non-credit offerings comprising of life insurance products, in partnership with insurance providers such as Bajaj Allianz Life Insurance Company Limited, Kotak Mahindra Life Insurance Company Limited and HDFC Life Insurance Company Limited.

Ujjivan recorded total revenues in Financial Years 2013, 2014 and 2015 and for the six month period ended September 30, 2015 was `2,339.29 million, `3,576.62 million, `6,118.81 million and `4,622.72 million, respectively.

Ujjivan has partnered with the Parinaam Foundation for the formulation and implementation of financial literacy programs such as ‘Diksha’ and ‘Sankalp’, and continues to support them in their initiatives, which aides in raising the level of financial awareness of its customers.

Ujjivan is  the third largest NBFC-MFI in India in terms of loans disbursed as of September 30, 2015, with Gross AUM aggregating over `40.88 billion. The company reached and increased approximately 28%, 38%,and 34%  an increasing number of rural , semi urban and urban customers respectively as of September 30, 2015.

The company  has also set up the ‘Ujjivan Welfare Relief Trust’ to provide relief to the customers and employees in the event of natural calamities. Along with this, company has also established ESOP schemes to facilitates to all employees with an opportunity to hold an ownership interest in the business on the basis of their performance which is started in 2006.

Outlook of the companyujjivan ipo

  • Robust risk management framework
  • Focus on Employee Welfare
  • Robust technology driven operating model
  • Leveraging our capabilities as an MFI to successfully transition into the proposed SFB business
  • Increased focus on the unserved and underserved segment
  • Diversification of product offerings
  • Increased automation and digitization of products and services
  • Building a strong liability franchise

IPO details:-

Ujjivan has offered its request for the  Equity Shares  through the Draft Red Herring Prospectus . It had filed its draft prospectus  with SEBI on 31st December 2015 to be listed  on BSE and NSE. The Company  has got an ‘in-principle’ approval from BSE and NSE for the listing of the Equity Shares pursuant to letters dated [●] and [●], respectively.

As per current filing, Ujjivan Financial Services IPO to include sale of new shares worth up to 3.58 billion rupees .

Ujjivan received Rs. 312 crore from domestic investors in a Pre-IPO placement round for the purpose to establish itself to a small finance bank from a micro- lender. 


Purpose for the Issue:-

1) Interim use of Proceeds

2) Bridge Financing facilities

3) To enhance the company’s brand and creation of a public market for its Equity shares.

4) Monitoring Utilization of fund.

See Ujjivan Financial Services IPO Prospectus filed with SEBI

Summary Of Issue:

Issue Open:- April 28, 2016 – May 2, 2016
Price Band  Rs.207 -Rs.210
Issue Size (Shares)
Issue Size in (Value) Rs. 875cr -882.5cr
Face Value Rs. 10 Per Equity Share
Issue Price Rs.207 -Rs.210
Market lots 70
Minimum Order Quantity 70
Listing At  NSE, BSE

The public offer includes:- The company proceed approx. Rs. 6500 million fresh issue in the market.

Promoters Of the Company:-

The Company  does not have an identifiable promoter either in terms of the SEBI ICDR Regulations or the Companies Act, 2013. Therefore, it has no ‘promoter group’ in terms of the SEBI ICDR Regulations.


Particulars For the year/Period ended (Rs. in Million)
Financial Year 31-Sep-15 31-Mar-14 31-Mar-13 31-Mar-12 31-Mar-11
Total Equity & Liabilities 43163.16 39762.59 20787.01 13568.64 8951.22
Total Assets 43163.16 39762.59 20787.01 13568.64 8951.22
Total Revenue 4622.72 6118.81 3576.62 2339.29 1563.03
Total Expenses 3493.95 4973.68 2688.20 1862.29 1564.52
Profit After Tax (PAT) 737.31 757.88 584.16 328.70 1.33


Lead Manager Details:-

1) Kotak Mahindra Capital Company


1st Floor, 27 BKC, Plot No. 27

“G” Block, Bandra Kurla Complex

Bandra (East), Mumbai 400 051

Maharashtra, India

Tel: +91 22 4336 0000

Fax: +91 22 6713 2447

E-mail: ujjivan.ipo@kotak.com

Investor grievance E-mail: kmccredressal@kotak.com

Website: www.investmentbank.kotak.com

Contact Person: Ganesh Rane

SEBI Registration No.: INM000008704

2) Axis Capital Limited

1st Floor, Axis House

C-2, Wadia International Centre

P.B. Marg, Worli, Mumbai 400 025

Maharashtra, India

Tel: + 91 22 4325 2183

Fax : +91 22 4325 3000

E-mail: ujjivan.ipo@axiscap.in

Investor grievance E-mail: complaints@axiscap.in

Website: www.axiscapital.co.in

Contact person: Lohit Sharma

SEBI Registration No.: INM000012029

3) ICICI Securities Limited

ICICI Centre

H.T. Parekh Marg

Churchgate, Mumbai 400 020

Maharashtra, India

Tel : +91 22 2288 2460

Fax : +91 22 2282 6580

E-mail: ujjivan.ipo@icicisecurities.com

Investor grievance E-mail: customercare@icicisecurities.com

Website: www.icicisecurities.com

Contact Person: Ayush Jain

SEBI Registration No.: INM000011179

4) IIFL Holdings Limited

10th Floor, IIFL Centre

Kamala City, Senapati Bapat Marg

Lower Parel (West), Mumbai 400 013

Maharashtra, India

Tel: +91 22 4646 4600

Fax: +91 22 2493 1073

E-mail: ujjivan.ipo@iiflcap.com

Investor grievance E-mail: ig.ib@iiflcap.com

Website: www.iiflcap.com

Contact Person: Vishal Bangard/Gaurav Singhvi

SEBI Registration No.: INM00001094

Registrar  to the Issue :-

Karvy Computershare Private Limited

Karvy Selenium Tower B

Plot 31-32, Gachibowli

Financial District, Nanakramguda

Hyderabad 500 032

Telengana, India

Tel: +91 40 6716 2222

Fax: +91 40 2343 1551

Toll Free No.: 1800 3454 001

E-mail: einward.ris@karvy.com

Investor grievance E-mail: ujjivan.ipo@karvy.com

Website: www.karisma.karvy.com

Contact Person: M Murali Krishna

SEBI Registration No.: INR000000221

Registered Office:-

Grape Garden, No. 27, 3rd A Cross, 18th Main, 6th Block,

Koramangala, Bengaluru 560 095,

Karnataka, India

Contact Person: Sanjeev Barnwal, Company Secretary and Compliance

Officer; Tel: +91 80 4071 2121;

Fax: +91 80 4146 8700

E-mail: compliance@ujjivan.com;

Website: www.ujjivan.com

Corporate Identity Number: U65999KA2004PLC035329

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