Utkarsh Small Finance Bank Limited, Established in 2016, is an Indian SFB (Small Finance Bank) that achieved the second-fastest AUM growth among SFBs with AUM exceeding Rs. 50 billion in Fiscal 2019 and Fiscal 2022.
The bank caters to individuals and businesses, fulfilling their financial needs effectively.
Utkarsh SFB’s services encompass:
- Accounts and Deposits
- Cards
- Insurance and Investments
- Loans
- Ways to Bank
Customers enjoy benefits like Top-up/Balance Transfer, Easy Documentation, loans up to Rs. 50 crores for up to 30 years, and accessible eligibility for salaried and self-employed individuals.
With a diverse product range, the bank emphasizes microfinance as a focused business segment.
Asset products offered include:
- Micro banking loans (joint liability group and individual)
- Retail loans (secured and unsecured)
- Wholesale lending (short-term and long-term)
- Affordable housing loans
- Commercial vehicle/construction equipment loans
- Gold loans
Stock Quote #
- Open: ₹50.40
- High – Low: ₹51.30 – ₹50.35
- Previous Close: ₹50.35
- Total Traded Value: 21,95,425
- 52 Weeks High: ₹56.30 (Jul 24, 2023)
- 52 Weeks Low: ₹37.20 (Jul 21, 2023)
- Updated On: Aug 11, 2023 4:00 PM
IPO Details #
It is a Book Built Issue. The IPO total issue size is Rs 500.00 Cr. The Utkarsh Small Finance Bank IPO price is ₹23 to ₹25 per share. The IPO will list on BSE, NSE.
| IPO Date | Jul 12, 2023 to Jul 14, 2023 |
| Listing Date | Jul 21, 2023 |
| Face Value | ₹10 per share |
| Price | ₹23 to ₹25 per share |
| Lot Size | 600 Shares |
| Total Issue Size | 200,000,000 shares (aggregating up to ₹500.00 Cr) |
| Fresh Issue | 200,000,000 shares (aggregating up to ₹500.00 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Share holding pre issue | 895,521,522 |
| Share holding post issue | 1,095,521,522 |
Utkarsh Small Finance Bank IPO Reservation #
Utkarsh Small Finance Bank IPO a total of 200,000,000 shares are offered. QIB: 59,400,000 (29.70%), RII: 19,800,000 (9.90%), NII: 29,700,000 (14.85%).
| Anchor Investor Shares Offered | 89,100,000 (44.55%) |
| QIB Shares Offered | 59,400,000 (29.70%) |
| NII (HNI) Shares Offered | 29,700,000 (14.85%) |
| Retail Shares Offered | 19,800,000 (9.90%) |
| Employee Shares Offered | 2,000,000 (1.00%) |
| Total Shares Offered | 200,000,000 (100%) |
IPO Anchor Investors Details #
They raises Rs 222.75 crore from anchor investors. Utkarsh Small Finance Bank IPO Anchor bid date is Jul 11, 2023. Utkarsh Small Finance Bank IPO Anchor Investors list
| Bid Date | Jul 11, 2023 |
| Shares Offered | 89,100,000 |
| Anchor Portion Size (In Cr.) | 222.75 |
| Anchor lock-in period end date for 50% shares (30 Days) | Aug 31, 2023 |
| Anchor lock-in period end date for remaining shares (90 Days) | Nov 30, 2023 |
Utkarsh Small Finance Bank IPO Timetable (Tentative) #
Utkarsh Small Finance Bank IPO opens on Jul 12, 2023, and closes on Jul 14, 2023.
| IPO Open Date | Wednesday, 12 July 2023 |
| IPO Close Date | Friday, 14 July 2023 |
| Basis of Allotment | Wednesday, 19 July 2023 |
| Initiation of Refunds | Thursday, 20 July 2023 |
| Credit of Shares to Demat | Friday, 21 July 2023 |
| Listing Date | Friday, 21 July 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on Jul 14, 2023 |
Utkarsh Small Finance Bank IPO Lot Size #
The minimum lot size of this Utkarsh Small Finance Bank IPO is 600 shares required is ₹15,000.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 600 | ₹15,000 |
| Retail (Max) | 13 | 7800 | ₹195,000 |
| S-HNI (Min) | 14 | 8,400 | ₹210,000 |
| S-HNI (Max) | 66 | 39,600 | ₹990,000 |
| B-HNI (Min) | 67 | 40,200 | ₹1,005,000 |
| Lot Size Calculator | |||
Utkarsh Small Finance Bank IPO Promoter Holding #
The promoter of the Bank is Utkarsh CoreInvest Limited.
| Pre Issue Share Holding | 84.75% |
| Post Issue Share Holding | 69.28% |
Company Financials #
| Period Ended | 31 Mar 2020 | 31 Mar 2021 | 31 Mar 2022 | 31 Mar 2023 |
| Assets | 9,404.32 | 12,137.91 | 15,063.77 | 19,117.54 |
| Revenue | 1,406.18 | 1,705.84 | 2,033.65 | 2,804.29 |
| Profit After Tax | 186.74 | 111.82 | 61.46 | 404.50 |
| Net Worth | 1,019.50 | 1,368.35 | 1,572.30 | 2,000.32 |
| Reserves and Surplus | 260.23 | 520.02 | 676.78 | 1,104.42 |
| Total Borrowing | 2,675.04 | 2,607.83 | 2,571.94 | 2,349.48 |
Key Performance Indicator #
Utkarsh Small Finance Bank IPO Market Cap is Rs 2739.76 Cr and P/E (x) is 6.78.
| KPI | Values |
|---|---|
| P/E (x) | 6.78 |
| Market Cap (₹ Cr.) | 2739.76 |
| ROE | 22.64% |
| Debt/Equity | 8.03 |
| EPS (Rs) | 4.52 |
| RoNW | 20.22% |
Objects of the Issue #
The Utkarsh Small Finance Bank Limited proposes to utilize the Net Proceeds from the Issue towards augmenting its Tier – 1 capital base to meet its future capital requirements. Further, the proceeds from the Issue will also be used towards meeting the expenses in relation to the Issue.
Utkarsh Small Finance Bank IPO Subscription Status (Bidding Detail) #
The Utkarsh Small Finance Bank IPO is subscribed 110.77 times on Jul 14, 2023 7:02:00 PM. The public issue subscribed 78.38 times in the retail category, 135.71 times in the QIB category, and 88.74 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| QIB | 135.71 |
| NII | 88.74 |
| bNII (bids above ₹10L) | 91.83 |
| sNII (bids below ₹10L) | 82.57 |
| Retail | 78.38 |
| Employee | 18.02 |
| Total | 110.77 |
Total Application : 2,073,319 (62.83 times)
Utkarsh Small Finance Bank IPO Prospectus #
Utkarsh Small Finance Bank IPO Listing Details #
| Listing Date | Jul 21, 2023 |
| BSE Script Code | 543942 |
| NSE Symbol | UTKARSHBNK |
| ISIN | INE735W01017 |
| Final Issue Price | ₹25 per share |
Listing Day Trading Information #
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| BSE |
|---|
| ₹25.00 |
| ₹39.95 |
| ₹37.25 |
| ₹47.94 |
| ₹47.94 |
| NSE |
|---|
| ₹25.00 |
| ₹40.00 |
| ₹37.20 |
| ₹48.00 |
| ₹48.00 |
Check IPO Performance…
Company Contact Information #
Utkarsh Tower, NH – 31 (Airport Road),
Sehmalpur, Kazi Sarai, Harhua,
Varanasi – 221 105
Phone: +91 542 660 5555
Email: shareholders@utkarsh.bank
Website: https://www.utkarsh.bank/
Utkarsh Small Finance Bank IPO Registrar #
Phone: 04067162222, 04079611000
Email: utkarsh.ipo@kfintech.com
Website: https://kosmic.kfintech.com/ipostatus/
Utkarsh Small Finance Bank IPO Lead Manager(s) #
- Icici Securities Limited (Past IPO Performance)
- Kotak Mahindra Capital Company Limited (Past IPO Performance)
FAQs #
What is the price range of Utkarsh Small Finance Bank IPO shares? #
The Utkarsh Small Finance Bank IPO shares are priced in the range of ₹23 to ₹25 per share.
When is the IPO date for Utkarsh Small Finance Bank? #
The Utkarsh Small Finance Bank IPO is scheduled from July 12, 2023, to July 14, 2023.
On which stock exchanges will Utkarsh Small Finance Bank IPO list? #
The IPO shares of Utkarsh Small Finance Bank will list on both BSE and NSE.
How many equity shares are offered in the Utkarsh Small Finance Bank IPO? #
The Utkarsh Small Finance Bank IPO offers 200,000,000 equity shares to the public.
Can retail investors apply online for Utkarsh Small Finance Bank IPO shares? #
Yes, retail investors can apply online through banks (using ASBA) or brokers (using UPI).
What is the basis of allotment for Utkarsh Small Finance Bank IPO? #
The basis of allotment for Utkarsh Small Finance Bank IPO includes retail and non-retail categories.
How can I check Utkarsh Small Finance Bank IPO allotment status? #
You can check the allotment status of Utkarsh Small Finance Bank IPO online on BSE or other platforms.
Please note that these answers are based on the provided information and may be subject to change.
