India: Will MFI-to-small finance bank Ujjivan’s debut mirror Equitas’ stellar listing?

The recent listing of the first so-called small finance bank (SFB)—Equitas Holdings Ltd—was a splendid one. Its stock has already gone up by a fourth from its issue price of Rs.110 in the first four trading days. Next in line of the 10 companies that received approval to set up SFBs is Ujjivan Financial Services Ltd, set to debut on the bourses this Thursday. After Equitas’ stellar listing, will Ujjivan too follow suit?

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