India: Ujjivan Small Finance Bank raises $35.7m in pre-IPO round

Ujjivan Small Finance Bank has raised 250 crore in a pre-initial public offering (IPO) round led by India Infoline (IIFL) group’s funds, a private equity fund of Avendus Capital and Akash Bhanshali of Enam Group. The pre-IPO round closed on Wednesday.

The lender’s filings with the registrar of companies (RoC) shows that funds managed by IIFL invested around 136 crore in the pre-IPO round.

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