After the blockbuster debut of peer Equitas Holdings on the bourses last week, expectations are high on Ujjivan Financial Services' initial public offering (IPO) of equity. The issue which opens for subscription on Thursday and aims to garner up to Rs 882 crore, including a fresh issue of shares worth Rs 358 crore. The rest is an offer for sale by some foreign shareholders.
The proceeds from issue of new shares will be used to augment the capital base. Given the strong track record, healthy financials and reasonable valuations, investors with a long-term horizon could subscribe.
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