NEW DELHI : The IPO of Ujjivan Small Finance Bank will open on December 2 and the price band has been fixed at ₹36-37 a share. Microfinance lender Ujjivan Financial Services is the holding company of Ujjivan Small Finance Bank. After the IPO, Ujjivan Small Finance Bank will join listed peers like AU Small Finance Bank. The bank’s parent Ujjivan Financial Services Ltd went public in 2016, after receiving an in-principle licence from the Reserve Bank of India to start a small finance bank. The RBI later asked Equitas Holdings Ltd and Ujjivan Financial Services to list their small finance bank units to comply with its norms, which mandate that a small finance bank with a net worth of more than ₹500 crore must be listed within three years of the launch of operations.

Source: Mint November 27, 2019 10:05 UTC