The Government of Singapore, the Monetary Authority of Singapore, CX Partners Fund, Aberdeen, HDFC Life Insurance Company, Bajaj Allianz Life Insurance Company, Sundaram Mutual Fund, Goldman Sachs India, and ICICI Prudential participated in the bidding.
The bank caters to the unbanked urban poor and young middle class customers.
The portion of the issue, aggregating up to Rs 75 crore, has been made available for the eligible Ujjivan
Financial Services (UFSL) shareholders, on a proportionate basis. The shareholders of Ujjivan
Financial Services will get shares at a discount of Rs 2 per share to the final issue price.
UFSL, the promoter of Ujjivan Small Finance Bank, had commenced operations as a non-banking financial company in 2005.