Ujjivan Financial Services, a non banking financial company, micro finance institution (NBFC-MFI) which started operations in 2005 as a non-banking financial company (NBFC). As of December 31, 2015, UFS has served over 2.77 million active customers across 24 states and union territories through a network of 470 branches and 7,862 employees.

The IPO opens on April 28, 2016 and closes on May 02, 2016, with a price band of Rs 207-Rs 210 a equity share of face value of Rs 10 each. The anchor investor bid/offer period shall be one working day prior to the bid/offer opening date, i.e. April 27, 2016.

The IPO consists of a fresh issue of equity shares aggregating up to Rs 3,581.61 million by the company and an offer for sale of up to 24,968,332 equity shares by Elevar, FMO, IFC, IFIF, MUC, Sarva Capital, WCP and WWB.

The company, in consultation with the BRLMs, has completed a Pre-IPO Placement of 14,236,057 equity shares for cash consideration aggregating to Rs 2,918.39 million. The size of the fresh issue as disclosed in the draft red herring prospectus dated December 31, 2015, being Rs 6,500 million, has been reduced accordingly.