Name: Latest research reports of Ujjivan Financial Services Ltd. authored by Ashika Research and published by - Trendlyne research reports.
Item: Ujjivan Financial Services Ltd.
Rating: 5
Author: Ashika Research

Ujjivan Financial Services Ltd.

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Ashika Research

Incorporated on December 28, 2004, Ujjivan Financial Services Private Limited is the third largest NBFC-MFI in India in terms of loans disbursed as of September 30, 2015, with Gross AUM aggregating over Rs 40.88 billion (Source: MFIN Micrometer Report, September 2015). 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 offers individual loans to Micro & Small Enterprises (MSEs). The issue consists of fresh issue (of Rs 358.16 crore) and an offer for sale of ~Rs 524.33 crore (at the higher price band) thus totaling Rs 882.5 crore. The objects of the issue comprises of taking advantage of being listed at the stock exchanges as well as to utilize the net proceeds from the Fresh Issue towards augmenting its capital base to meet future capital requirements. Ujjivan is one of the prospective...