Ujjivan Small Finance Bank IPO opens today. Should you subscribe to it?

Established in 2017, the Ujjivan Financial Services-controlled Small Finance Bank offers small finance to underserved and unserved segments in India.

Ujjivan Small Finance Bank will launch its initial public offer (IPO) today at a price band of Rs 36 to Rs 37 per share. The small finance bank has fixed the bid lot at 400 shares and equivalent multiples thereafter, and aims to garner approximately Rs 750 crore via the three-day issue (till December 4).

Nearly 20.27 crore shares will be offered for subscription, which will be distributed among QIB (75 per cent of the net issue; 60 per cent of QIB to Anchor Investors), non-institutional investors (15 per cent), and retail investors (10 per cent). The issue includes a reservation