Ujjivan Financial Services Ltd IPO Message Board (Page 66)

@Jonam, tks for ur comparative analysis.
Ujjivan is clearly operationally more efficient, geographically more diversified &, has a higher upside potential for capital gain.I watched the promoter''s interview- his attire (dhoti-kurta) totally belied his credentials- he has large banking experience in India & has also worked with top US investment bank for some time.

Only disappointment for us could be the lower allotment rate given smaller issue size coupled with the precedence set by Equitas.

Thanks Gravitas !! IMO allotment should be liberal as Thyrocare is opening a day before Ujjivan. So the quantum of investable fund would be divided amongst them atleast in the HNI category.

Ujjivan Financial Services Limited (“Ujjivan”) originally incorporated as Ujjivan Financial Services Private Limited on December 28, 2004 at Bengaluru, Karnataka. Company’s business primarily based on the joint liability group-lending model for providing collateral free, small ticket size loans to economically active women. The company also offer individual loans to Micro & Small Enterprises (“MSEs”).

• Company’s products can be classified under two broad categories, namely, Group Loans and Individual Loans. Depending upon the end use, these products can further sub-divided into Agricultural, Education, Home Improvement, Home Purchase and Livestock Loans.

• In addition to loan products, they also provide non-credit offerings comprising of life insurance products, in partnership with insurance providers such as Bajaj Allianz Life Insurance Co., Kotak Mahindra Life Insurance Co. and HDFC Life Insurance Co.

• As of December 31, 2015, the company’s operations spread across 24 states and union territories and 209 districts in India through their 470 branches having 7,862 employees.

• On 7th October 2015, Ujjivan has received in-principle approval from the RBI to set up a Small Finance Bank (“SFB”).

UJJIVAN FINANCIAL SERVICES LIMITED
(Refer Page No 237 of RHP dated 13th April 2016)


27/Apr/16 – Participation by Anchor Investors
28/Apr/16 – Bid/Offer Opens
02/May/16 – Bid/Offer Closes
05/May/16 – Finalisation of Basis of Allotment
06/May/16 – Unblocking of Funds from ASBA
09/May/16 – Credit of Equity Shares to Demat Account
10/May/16 – Commencement of Trading on NSE/BSE

We shld apply for ujjivan ttl....waiting reply from eaglesye n septa.....gmp for scrips

Ujjivan nu su primium che

Ujjivan GMP 48 - 50

Septa ji,wht abt precision cam

It is a long play the Amy of car produce in India is going to double in next 5 years and all need camshaft and PCL is market leader also with the funds in organic growth is in card @ 150 it is priced at 18 PE with a CAGR OF 12% and PE retesting to higher level I except decent upside in long run

Also u have to public holding has reduce to u check all big MF both domestic and FIIS have purchased at higher rate so price movement will come and will come fast

APP PREM. OF UJJIVAN??

Which best IPO ujjivan or thyocare??

EHL is having a large portfolio of asset backed loans, whereas UFSL is a pure microfinance player. This of course will change once it converts in to a bank. The overheads and risks are higher in a micro finance business as it is a cash and carry business. However to their credit both players have low NPAs.

Axis and ICICI bank are looking good at even these price both this stock are part of portfolio for donkey years.... Just brought both this stock and all with good mansoon i am also bullish on agri and auto industry

EAGLEYE GOD COME IN DREAM GOD SAY APPLY SO I APPLY HAHA

EAGLEYE GOD COME IN DREAM GOD SAY APPLY SO I APPLY HAHA

I refer mehulbhai''s 2 posting ...which are just 9 hours apart ...

mehul mehta Apr 20, 2016 10:20:38 PM IST
pinky ji agree with u avoid ujjivan ipo


mehul mehta Apr 21, 2016 7:31:54 AM IST
I AM APPLYING BOTH IPO WITH DOUBLE FORCE

.... even the Village Idiot is not as "fickle minded" as this person ... LOL

I READ RHP SO I CHANGE MY DECISION

What did you read in the RHP that made you change your mind ?

Ujjivan Financial Services

RHP is available at ....


http://www.investmentbank.kotak.com/downloads/ujjivan-financial-services-limited-RHP.pdf

Ujjivan Financial Services IPO Update

Issue Opens On : Thurs, Apr 28, 2016

Issue Closes On : Mon, May 2, 2016

Price Band : Rs.207 - Rs.210

Bid Lot : 70 Eq Shs

Issue Size : Fresh Issue of Rs.358.16 Crs & OFS upto 2,49,68,332 Eq Shs.
Rs.875.01 Crs at Lower Band & Rs.882.50 Crs at Upper Band.

Issue Structure : QIB 50%, NII 15% & RET 35%.

Listing : NSE & BSE

I AM APPLYING BOTH IPO WITH DOUBLE FORCE

septa eagleeye i have minor demat account of my son can i apply ipo

apply in ufl avoid thyrocare

Pinky ji,all is well ,why u comgare with qh,who hide many thing in rhp,plz focus

Ujjivan Financial Services Ltd, the micro-lender which has won a provisional license to be a small finance bank (SFB), is expected to launch its initial public offering (IPO) on 28 April to raise around up to Rs.850-900 crore, three people familiar with the development said.

The price band for the issue is likely to be set between Rs. 207-Rs.210 per share, they said. The details of the IPO, for which it won regulatory approval on 25 February, are likely to be announced at a press meet on Thursday.

Of the total issue size, the company will raise about Rs.350 crore in fresh capital, while existing shareholders will sell 24.96 million shares, with an estimated worth of Rs.514-524 crore.

Even before the IPO opens, Ujjivan’s shares were quoting at a premium of Rs.35-40 per share in the grey market, dealers said.

An email sent to the company’s public relations agency on Wednesday remained unanswered.

On 20 February, Mint reported that the Bengaluru-based SFB-licensee had raised Rs.312.4 crore by issuing shares to a clutch of investors in a private placement round ahead of its planned IPO. The sale transaction valued the firm about Rs.2,150 crore.

HDFC Standard Life Insurance Co. Ltd, Shriram Life Insurance Co. Ltd, Bajaj Allianz General Insurance Co. Ltd, Kotak Mahindra Old Mutual Life Insurance Co. Ltd and mutual fund Sundaram Asset Management Co. Ltd were among the investors that bought Ujjivan’s shares in the private placement to institutional investors.

Ujjivan will have to ensure that overseas shareholding in the company remains at or below 49% to meet one of the conditions set by the Reserve Bank of India (RBI) to become a small finance bank. This means that foreign investors cannot participate in Ujjivan’s public issue. Foreigners owned 90.57% in the company at the time of filing its draft proposal, Ujjivan said in its draft red herring prospectus.

Earlier this month, shares of Chennai-based microfinance lender Equitas was subscribed more than 17 times. The company raised a little over Rs.1,500 crore from the public issue.

Equitas will debut on the bourses on Tuesday. Its shares, which were issued at Rs.109-110 per share, were quoting a premium of Rs.20-22 per share in the grey market, two dealers said, requesting anonymity.