Ujjivan SFB IPO - Schedule *(Final)*
27th Nov - Announcement of Price Band
29th Nov - Anchor Investors Allotment
02nd Dec - Offer Opens
04th Dec - Offer Closes
09th Dec - Finalisation of Basis of Allotment
10th Dec - Unblocking of ASBA Accounts
11th Dec - Credit of Equity Shares to Depository Accounts
12th Dec - Commencement of Trading
Ujjivan SFB IPO - Issue Information *(Final)*
Issue Opens on: 02 December 2019
Issue Closes on: 04 December 2019
Issue Type: Book Built Issue IPO
Issue Size: 20,38,61,003 Shares
Face Value: Rs.10/- per Share
Issue Price: Rs.36 - Rs.37 per Share
Discount: Rs.2/- (for UFSL Shareholders)
Market Lot: 400 Shares
Listing At: NSE, BSE
Equity Shares outstanding prior to the Issue = 1,52,55,20,467 Shares
UFSL Shareholders reservation of 2,14,28,571 Shares @35/- = Rs.75.00 Crores
Net Fresh Issue of 18,24,32,432 @37/- = Rs.675.00 Crores
Equity Shares outstanding after the Issue = 1,72,93,81,470 Shares
Category-wise Break up:
Anchor - 8,20,94,594 Shares = 303.75Crs
QIB - 5,47,29,730 Shares = 202.50Crs
NII - 2,73,64,865 Shares = 101.25Crs
RII - 1,82,43,243 Shares = 67,50Crs (Lot size: 400 = 45,608 Forms)
UFSL Shareholders - 2,14,28,571 Shares = 75.00Crs (@35 per Share)
Total Issue - 20,38,61,003 Shares = 750.00Crs.
Subscription required for 1X
RII = 45,608 Forms
NII = 101.25Crs
Interest cost @8.00%p.a. for 7days = 5.68paise for 1X
Ujjivan SFB IPO - Financial Information (Basis of Valuation)
EPS for FY16-17 >>> Rs.0.00 (Page #80 of RHP)
EPS for FY17-18 >>> Rs.0.05 (Page #80 of RHP)
EPS for FY18-19 >>> Rs.1.20 (Page #80 of RHP)
EPS for Q119-20 >>> Rs.0.66 (Page #75 of DRHP)
EPS for H119-20 >>> Rs.1.21 (Page #80 of RHP)
RoNW for FY16-17 >>> 0.00% (Page #81 of RHP)
RoNW for FY17-18 >>> 0.42% (Page #81 of RHP)
RoNW for FY18-19 >>> 9.49% (Page #81 of RHP)
RoNW for Q119-20 >>> 4.94% (Page #76 of DRHP)
RoNW for H119-20 >>> 9.39% (Page #81 of RHP)
NAV as on September 30, 2019 was Rs.13.84 (Page #81 of RHP)
Listed Industry Peer Group (Page #81 of RHP):
AU Small Finance Bank
Equitas Holdings
Bandhan Bank
CreditAccess Grameen
RBL Bank
DCB Bank
Ujjivan SFB IPO - *Market's Current Estimates of oversubscription*:
RII = 12.00L Forms = 26.31X Applic. wise (Avg allotment of ~15.20 shares per lot)
NII = 25.0K Crs. = ~246.91X
Interest cost @8.00%p.a. for 7days = 5.68paise for 1X
Thus, for NII the costing = 246.91 X 5.68paise = Rs.14.02 per share (= GMP)
And, for RII the costing = 15.20 X 14.02 = Rs. ~213/- (= Kostak)
Ujjivan SFB IPO- *GMP Estimated*
GMP 14.00 +/- 0.25
Kostak 200/-