Utkarsh Small Finance Bank IPO Details
Issue Date
--
Price Range
₹25
Lot Size
600
IPO Size
₹500.00 Cr
Utkarsh Small Finance Bank IPO Listing Details
Listing On
21 Jul'23
Issue Price
--
Listed Price
₹ 40
Retail Gain/Listing Gain
▲60.00%
Schedule of Utkarsh Small Finance Bank IPO
Start date
End date
Allotment of bids
Refund Initiation
Listing on exchange
21/07/2023
Company Background
Utkarsh Small Finance Bank Ltd. is an SFB in India with the third fastest Gross Loan Portfolio growth between Fiscal 2019 and Fiscal 2023 among SFBs with a Gross Loan Portfolio of more than ₹60 billion (Source: CRISIL Report, page 133).
The company primarily operates in rural and semi-urban areas, with approximately 3.59 million customers (both deposit and credit) majorly located in rural and semi-urban areas (Source: CRISIL Report, page 147).
Its Promoter, Utkarsh CoreInvest Limited, is backed by a number of institutional investors including SIDBI, HDFC Life Insurance Company Ltd, HDFC Ergo General Insurance Company Ltd, ICICI Prudential Life Insurance Company Ltd, and many more reputed brands.
Risk Factors
- Subject to inspections by regulatory authorities, including the RBI.
- Any adverse changes in the regions of operation, can adversely impact the business, financial condition, and cash flows.
- There is no assurance of maintaining future profitability.
Key Strategies
Here are a few strategies Utkarsh Small Finance Bank Limited has for its business:
- Continue diversifying its retail asset portfolio.
- Grow retail deposits mix across geographies and customer segments to build stable funding sources.
- Increase share of fee income and capitalise on cross-selling opportunities.
Key Financials
And finally here’s a look at key financials of Utkarsh Small Finance Bank Limited
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