Ujjivan Small Finance Bank initial public offering (IPO) will open on Monday 02 December. The SFB has already raised Rs.303.75 crore in anchor allotment. The SFB has finalised allocation of 8,21 crore shares at Rs .37 per share. This is the upper limit of the range proposed for the IPO and that is where the price could converge through price discovery.

Government of Singapore, CX Partners, Goldman Sachs India, Aberdeen, HDFC Life, Sundaram Mutual Fund and Bajaj Allianz Life are among the major anchor investors. The strong anchor response clearly points to a smart response to the IPO too.