Utkarsh Small Finance Bank Ltd
Price Range
₹23 - ₹25
Min. Quantity
600
Closes on
14 July 2023
Min. investment
₹15,000/7,800 Shares
Utkarsh Small Finance Bank Ltd IPO Timeline
Utkarsh Small Finance Bank Limited was incorporated on April 30, 2016 at Varanasi, Uttar Pradesh as a Public Limited Company and was granted a Certificate of Incorporation by the Registrar of Companies. The Bank is subsidiary of Utkarsh Core Invest Limited. The Promoter, Utkarsh Core Invest Limited, started operations as a NBFC in year 2010 and was focused on providing microfinance to unserved and underserved segments in the States of Uttar Pradesh and Bihar. Later on, it converted to a NBFC- MFI. The Bank is engaged in providing banking and financial services and governed by Banking Regulation Act, 1949.
| Event | Date |
|---|---|
| Utkarsh Small Finance Bank Ltd IPO Opening Date | 12 July 2023 |
| Utkarsh Small Finance Bank Ltd IPO Closing Date | 14 July 2023 |
| Basis of Allotment | 19 July 2023 |
| Initiation of Refunds | 20 July 2023 |
| Credit of Shares to Demat | 21 July 2023 |
| Utkarsh Small Finance Bank Ltd IPO Listing Date | 24 July 2023 |
Utkarsh Small Finance Bank Ltd IPO Details
| Utkarsh Small Finance Bank Ltd IPO Date | 12 July 2023 to 14 July 2023 |
| Utkarsh Small Finance Bank Ltd IPO Face Value | ₹10 per share |
| Utkarsh Small Finance Bank Ltd IPO Price | ₹23 to ₹25 per share |
| Utkarsh Small Finance Bank Ltd IPO Lot Size | 600 |
| Issue Size | Shares of ₹10 (aggregating up to ₹500 Cr) |
| Fresh Issue | Shares of ₹10 (aggregating up to ₹500 Cr) |
| Offer for Sale | - |
| Issue Type | (Book Built Portion) |
| Listing At | BSE, NSE |
| QIB Shares Offered | Not more than 6,45,65,217 of the Net Offer |
| Retail Shares Offered | Not less than 2,15,21,739 of the Net Offer |
| NII (HNI) Shares Offered | Not less than 3,22,82,608 of the Net Offer |
| Company Promoters | Utkarsh Coreinvest Ltd |
Utkarsh Small Finance Bank Ltd IPO Lot Size
The Utkarsh Small Finance Bank Ltd IPO lot size is 600 shares. A retail-individual investor can apply for up to 13 lots (7,800 shares or ₹1,95,000).
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Minimum | 1 | 600 | ₹15,000 |
| Maximum | 13 | 7,800 | ₹1,95,000 |
- Strengths
- Risks
- Opportunities
- Sound understanding of microfinance segment and presence in rural and semi-urban areas;
- Growing deposits with focus on retail deposits;
- Diversified distribution network with significant cross-selling opportunities;
- Focus on risk management and effective operations;
- Stable growth with cost efficient operational performance;
- Leadership complementing its strengths.
Company Financials
Utkarsh Small Finance Bank Ltd Financial Information (Restated)
| Period Ended | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 03-2024 | 23,902.68 | 3,578.81 | 497.63 |
| 03-2023 | 19,117.29 | 2,804.29 | 404.50 |
| 03-2022 | 15,063.77 | 2,033.65 | 61.46 |
| Amount in ₹ Crore | |||
Objects of the Issue
The company proposes to utilise the Net Proceeds from the Fresh Issue towards funding the following objects:
- To be utilised towards Augmentation of the Bank's Tier-I Capital base to meet the Bank's future capital requirements
Utkarsh Small Finance Bank Ltd IPO Promoter Holding
| Pre Issue Share Holding | 84.75% |
| Post Issue Share Holding | - |
Utkarsh Small Finance Bank Ltd IPO Subscription Status (Bidding Detail)
The Utkarsh Small Finance Bank Ltd IPO is subscribed 101.91 times on 14 July 2023 05:00:00 PM. The public issue subscribed 72.11 times in the retail category, 124.85 times in the QIB category, and 81.64 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | QIB | NII | Retail | Employee | Total |
| Subscription (times) | 124.85 | 81.64 | 72.11 | 16.58 | 101.91 |
Utkarsh Small Finance Bank Ltd IPO Prospectus
Utkarsh Small Finance Bank Ltd IPO Listing Date
| Listing Date | 21 July 2023 |
| BSE Script | 543942 |
| NSE Symbol | UTKARSHBNK |
| Listing In | BSE, NSE |
| ISIN | INE735W01017 |
| IPO Price | ₹25 |
| Face Value | ₹10 |
Company Contact Information
Utkarsh Tower NH-31 (AirportRdSehmalpur Kazi Sarai Harhua,Varanasi-221105
Phone: +91 542 660 5555
Email: shareholders@utkarsh.bank
Website: www.utkarsh.bank
Utkarsh Small Finance Bank Ltd IPO Registrar
Utkarsh Small Finance Bank Ltd IPO Lead Manager(s)
- ICICI Securities
- Kotak Mahindra Capital Company Ltd
FAQ
What is the issue size of Utkarsh Small Finance Bank Ltd IPO?
I have pre-applied for Utkarsh Small Finance Bank Ltd IPO. When will my order get placed?
In case of pre-apply, your IPO order will be placed on the Exchange as soon as the official bidding for TBI Corn Ltd IPO begins. You will receive a UPI request within 24 hours after the bidding period opens.