Ujjivan Small Finance Bank Limited has proposed an initial public offer (IPO) worth Rs 1,200 crore, its promoter Ujjivan Financial Services Limited said on Friday. Ujjivan Small Finance Bank's public offer comprises a fresh issue of shares aggregating up to Rs 1,200 crore, Ujjivan Financial Services said after market hours on Friday. Ujjivan Small Finance Bank is a wholly-owned subsidiary of Bengaluru-based Ujjivan Financial Services, which listed its shares on stock exchanges BSE and NSE in May 2016 in a strong market debut.