The private placement is anchored by the International Finance Corporation (IFC), the private-sector investment arm of the World Bank Group, alongside three domestic institutional insurance companies.
Banking & NBFCs · Daily brief
Ujjivan SFB Board Approves ₹409 Crore Preferential Issue; IFC Expands Stake to 4.99% Alongside Three Insurers
The Board of Directors of Ujjivan Small Finance Bank Limited has approved a preferential allotment of up to 6,31,91,619 equity shares at an issue price of ₹64.73 per share, aggregating to approximately ₹409.04 crore.
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Deal Architecture and IFC Stake Calibration
The preferential allotment has been structured in compliance with Chapter V of SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018, based on a Relevant Date of October 14, 2026:
- Issue Price: Fixed at ₹64.73 per equity share (face value ₹10 each).
- IFC Participation: IFC, which held 6,21,32,650 equity shares (3.18%) as of October 15, 2026, will be allotted up to 3,84,73,561 fresh equity shares (representing ~₹249.04 crore).
- Enlarged Capital Base: Post-allotment, IFC’s aggregate holding will climb to 10,06,06,211 equity shares, representing 4.99% of the bank's expanded paid-up equity capital.
- Co-Investors: Three marquee domestic insurance firms will subscribe to the remaining 2,47,18,058 equity shares (~₹160 crore).
By calibrating IFC’s post-allotment holding at exactly 4.99%, the transaction remains strictly beneath the 5.00% regulatory ceiling that would otherwise necessitate prior statutory clearance from the Reserve Bank of India (RBI).
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