Tag Archives: finance

Ujjivan Small Finance Bank IPO allotment: How to check your status

NEW DELHI : After receiving an overwhelming response for its ₹750 crore initial public offering (IPO), Ujjivan Small Finance Bank is likely to finalise allotment of shares today. Ujjivan Small Finance Bank IPO was oversubscribed by more than 165 times and is now the most subscribed IPO of 2019. If you had invested in the IPO, then you can check the status ... Read More »

Stellar response to Ujjivan Small Finance Bank: 7 IPOs got subscribed in double-triple digits in 2019

The primary market has seen 15 initial public offerings (IPOs) in 2019, less than the 21 public offers launched in 2018. This was due to weak market conditions, a slowdown in the economy and the liquidity crisis. In fact, the amount raised by these 15 IPOs was also far less than that raised in 2018. The 15 companies that went ... Read More »

Ujjivan Small Finance Bank IPO closes today: Key things to know before investing

The IPO of Ujjivan Small Finance Bank, which has seen strong response from retail investors, closes today. The ₹750 crore IPO had opened on Monday at a price band of ₹36-37 per share. Ujjivan Small Finance Bank will use most of the IPO proceeds for increasing its Tier-1 capital base to meet its future capital requirements. The lot size in Ujjivan Small Finance ... Read More »

Subscribe to Ujjivan Small Finance Bank: Aditya Birla Money

Aditya Birla Money’s IPO report on Ujjivan Small Finance Bank   Ujjivan Small Finance Bank Ltd (USFB), promoted by Ujjivan Financial Services Ltd (UFSL), is a mass market focused small finance bank (SFB), catering to the unserved & underserved segment. USFB is doing an IPO to meet the RBI regulation which requires the SFB to list within a period of 3 ... Read More »

Ujjivan Small Finance Bank IPO over 40% subscribed in 2 hours: Key things to know

The IPO of Ujjivan Small Finance Bank opened today for subscription and the lender is looking to raise ₹750 crore through this issue. The bank has set a price band of ₹36-37 per share and the issue closes on Wednesday. The bank will utilise the proceeds of IPO for increasing its Tier-1 capital base to meet its future capital requirements and towards meeting the ... Read More »

15th Finance Commission gets extension till October 2020

It will submit an interim report on November 30 Union Cabinet on Wednesday decided to extend the term of 15th Finance Commission by 11 months to October 30, 2020. This is the second extension. After the first one, the term was to end on November 30. The Commission will submit its interim report on Saturday, November 30, 2019. This will ... Read More »

15th Finance Commission seeks say in GST Council amid Centre-states row

The Centre and state governments seem to be on a collision course amid a sharp economic downturn that has eroded their financial positions. Fifteenth Finance Commission (FFC) chairman N.K. Singh on Friday sought a leverage with the Goods and Services Tax (GST) Council, arguing that tax rate cuts and grant of exemptions decided solely by the council affects the FFC’s goal of ... Read More »

How To Empower The Next Generation Of Finance Leaders

The complex field of investment management is steadily evolving, and this means leaders from all sectors must keep their eyes peeled for new talent. But balancing retention and professional development on top of the seemingly endless recruitment process for top talent can be burdensome for business owners. To help remove some of the burden, here’s a rundown of what investment ... Read More »

Ujjivan Small Finance Bank raises capital in pre-IPO round

MUMBAI : Ujjivan Small Finance Bank has raised ₹250 crore in a pre-initial public offering (IPO) round led by India Infoline (IIFL) group’s funds, a private equity fund of Avendus Capital and Akash Bhanshali of Enam Group. The pre-IPO round closed on Wednesday. The lender’s filings with the registrar of companies (RoC) shows that funds managed by IIFL invested around ₹136 crore in the pre-IPO round. The ... Read More »

Finance ministry turns down MoRTH’s demand for Rs 43,000 crore hike in outlay

Of the total budgetary support for the current fiscal, MoRTH has already spent Rs. 51,798 crore or 62% by September end, as per the Controller General of Accounts data. Despite the apparent thrust being given to infrastructure spending, the finance ministry has rejected the road transport and highway ministry’s demand for hiking the budget outlay for it by Rs. 43,000 ... Read More »