Moneycontrol Be a Pro
Get App
Last Updated : Nov 29, 2019 12:24 PM IST | Source:

Subscribe to Ujjivan Small Finance Bank: Geojit

Geojit has come out with its report on Ujjivan Small Finance Bank. The research firm has recommended to "Subscribe'' the IPO in its research report as on November 28, 2019

  • bselive
  • nselive
Todays L/H

Geojit's IPO report on Ujjivan Small Finance Bank

Ujjivan Small Finance Bank Limited (USFB), incorporated in 2017, is a mass market focused Small Finance Bank (SFB). USFB Bank is promoted by Ujjivan Financial Services Limited (UFSL) which commenced operations as an NBFC in 2005. Ujjivan Small Finance Bank serves over 49 lakh customers through 552 branches spread across 232 districts in 24 states & union territories of India. Its Gross Loan Book stands at Rs.12,864cr and the deposit base at Rs.10,130cr as of September 30, 2019.

Valuation and Outlook

The experience of UFSL as an erstwhile microfinance institution, coupled with the ability to address mass market customers will further aid USFB to be among the leading SFBs in India. At the upper price band of Rs 37, USFB is available at P/BV of 2.5x FY19, which is at a significant discount to its peers and we have a ‘SUBSCRIBE’ rating with a long-term perspective.

For all IPO stories, click here

Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on are their own, and not that of the website or its management. advises users to check with certified experts before taking any investment decisions.

LIVE NOW... Video series on How to Double Your Monthly Income... where Rahul Shah, Ex-Swiss Investment Banker and one of India's leading experts on wealth building, reveals his secret strategies for the first time ever. Register here to watch it for FREE.
First Published on Nov 29, 2019 12:24 pm
Follow us on
Available On