After Equitas Holdings, another microfinance company with small finance bank license, Ujjivan Financial Services, is ready to hit the market with its initial public offering (IPO) tomorrow.
Up to 35 per cent of the Rs 880 crore issues (at upper end of the price band) are reserved for retail investors.
Many brokerages have recommended 'subscribe' rating to the issue, the IPO valuation looks reasonable and the company has the potential to deliver strong growth and return on assets even after its conversion into a small finance bank- saying the source