India: MFI-to-small bank Ujjivan to raise up to $135m in IPO, issue opens April 28

Ujjivan Financial Services Ltd, the micro-lender which has won a provisional license to be a small finance bank (SFB), is expected to launch its initial public offering (IPO) on 28 April to raise around up to Rs.850-900 crore, three people familiar with the development said.