India's Ujjivan Small Finance Bank Ltd. is seeking to list its shares through a 12-billion-rupee IPO, The Hindu reported Aug. 17.
The bank filed a draft red herring prospectus with the Securities and Exchange Board of India for its proposed IPO. It may consider selling 3 billion rupees of shares in a placement prior to the IPO.
Kotak Mahindra Capital Co. Ltd., IIFL Securities Ltd. and JM Financial Ltd. are acting as book running lead managers for the IPO.
As of Aug. 16, US$1 was equivalent to 71.21 Indian rupees.