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.
Competitive Strengths
Growing deposits
Diversified distribution network with significant cross-selling opportunities
Stable growth with cost-efficient operational performance
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
How to apply for IPO through ASBA
Kotak Neo
•00m 58s
Utkarsh Small Finance Bank IPO FAQs
The Utkarsh Small Finance Bank IPO opens for subscription from [-] to [-], with a total issue size of ₹500.00 Cr. The IPO price band is ₹25 to ₹0 per share with a lot size of 600. The company aims to list the shares on BSE & NSE on 21-07-2023.
The Utkarsh Small Finance Bank IPO will open for subscription on [-] and will close on [-] for investors.
The minimum lot size for the Utkarsh Small Finance Bank IPO is 600 equity shares, requiring a minimum investment of ₹[-] for retail investors applying in the IPO.
The price band of the Utkarsh Small Finance Bank IPO has been fixed at ₹25 to ₹0 per equity share.
You can apply for the Utkarsh Small Finance Bank IPO online through the Kotak Neo Website or the Kotak Neo App using UPI or ASBA during the IPO subscription period.
Utkarsh Small Finance Bank IPO allotment will take place on [-].
You can check the Utkarsh Small Finance Bank IPO allotment status online on the registrar’s website or on the NSE and BSE IPO allotment pages using your application number, PAN, or demat account details.
Utkarsh Small Finance Bank shares will list on the stock exchanges on 21-07-2023.
The Utkarsh Small Finance Bank Limited IPO has an issue size of Rs. 500 crore. The IPO opens for subscription on 12th July and ends on 14th July.
KFin Technologies Limited is the registrar for this IPO.
You can read more about Utkarsh Small Finance Bank Limited and its IPO from the company’s red herring prospectus (RHP) here: Utkarsh Small Finance Bank Limited RHP.
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