Ujjivan SFB to Raise ₹409 Crore via Preferential Issue to IFC, Bajaj, Aditya Birla, HDFC Life
Ujjivan Small Finance Bank will raise approximately ₹409.04 Crores through a preferential issue of 6,31,91,619 equity shares at ₹64.73 each. Allottees include IFC, Bajaj Life Insurance, Aditya Birla Sun Life Insurance, and HDFC Life Insurance. An EGM is scheduled for November 13, 2026, to approve the issue.
Raising a significant amount of capital through a preferential issue will bolster the bank's financial resources, potentially leading to improved lending capacity, enhanced solvency ratios, and support for future growth initiatives.
The preferential issue of equity shares at a premium indicates a positive development for the bank, as it aims to raise capital from reputable institutional investors, strengthening its financial position.
Ujjivan Small Finance Bank Limited (Ujjivan SFB) announced on October 16, 2026, that its Board of Directors has approved a preferential issue of up to 6,31,91,619 equity shares with a face value of ₹10 each, at a price of ₹64.73 per share (including a premium of ₹54.73). The total consideration for this issue is approximately ₹409.04 Crores.
The proposed allottees, all qualified institutional buyers, include International Finance Corporation (IFC), Bajaj Life Insurance Limited, Aditya Birla Sun Life Insurance Company Limited, and HDFC Life Insurance Company Limited. IFC will subscribe to shares worth ₹249.04 Crores, Bajaj Life Insurance Limited for ₹59.99 Crores, Aditya Birla Sun Life Insurance Company Limited for ₹49.99 Crores, and HDFC Life Insurance Company Limited for ₹49.99 Crores.
This preferential issue is subject to the approval of the bank's members and will be considered at an Extra Ordinary General Meeting (EGM) scheduled for November 13, 2026. The relevant date for determining the minimum issue price was October 14, 2026. The bank has also entered into a subscription agreement and a policy agreement with IFC. The policy agreement requires the bank to comply with certain reporting and compliance requirements as per IFC's standards, including those related to sanctionable practices and environmental and social covenants.
The Board meeting commenced at 11:00 AM and concluded the approval of these agenda items by 12:30 PM. The bank will issue the EGM notice to shareholders in due course.
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Ujjivan Small Finance Bank Limited filed this with the NSE as a statutory disclosure, categorised under equity fundraising. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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