The IPO for Utkarsh Small Finance Bank has a scheduled date; it will open in 12 July and close on 14 July. Utkarsh Small Finance Bank’s initial public offering (IPO) aims to raise about 500 crores through the sale of equity shares at a price of 10 rupees each and a fresh issue of 500 crores. Retail is allotted 10%, QIB 75%, and HNI 15%.
The headquarters of Utkarsh Small Finance Bank is in Varanasi, Uttar Pradesh, and over the years, they have intentionally expanded their SFB operations in States where they have been able to take advantage of Utkarsh CoreInvest Limited’s earlier microfinance expertise. As of March 31, 2022, the company has 686 banking outlets around India and had 12,617 workers. It also had activities in 22 States and Union Territories. In contrast to the legislative requirement that 25% of SFBs banking outlets be placed in
URCs, as of March 31, 2022, 27.70% of our banking outlets were situated in unbanked rural centers (or “URCs”). The asset products offered by Utkarsh Small Finance Bank include joint liability group loans, individual loans, retail loans, wholesale lending, short-term and long-term loan facilities for SMEs, mid-and large-sized corporations, and institutional clients, loans against property (LAP), housing loans with a focus on affordable housing, and commercial loans. The business served 3.14 million clients, the majority of whom lived in rural and semi-urban areas, especially in the states of Bihar, Uttar Pradesh, and Jharkhand, which have the best asset quality of all the states but have only low and moderate credit penetration. These states also have the highest rates of asset default and default on loans.
The non-banking finance company-microfinance institution (NBFC-MFI) Utkarsh CoreInvest Limited has a history in, microfinance is still a priority business area for our Bank. Our 154 product offering has been diversified to include non-micro banking loans, which has allowed us to become less reliant on our microfinance operation and build our secured loan portfolio. In addition, they are providing a variety of financial goods and services that cater to the distinct needs of our consumer groups while taking into account various aspects, such as the available security and income profile.
Utkarsh Small Finance Bank IPO Date & Price Band Details
| IPO Open: | 12 July 2023 |
| IPO Close: | 14 July 2023 |
| IPO Size: | Approx ₹500 Crores |
| Fresh Issue: | Approx ₹500 Crores |
| Face Value: | ₹10 Per Equity Share |
| IPO Price Band: | ₹23 to ₹25 Per Share |
| IPO Listing on: | BSE & NSE |
| Retail Quota: | 10% |
| QIB Quota: | 75% |
| NII Quota: | 15% |
| Discount: | N/A |
Utkarsh Small Finance Bank IPO Market Lot
The Utkarsh Small Finance Bank IPO minimum market lot is 600 shares with ₹15,000 application amount. The retail investors can apply up-to 13 lots with 7800 shares or ₹195,000.
| Application | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 1 | – | ₹- |
| Retail Maximum | 13 | – | ₹- |
| S-HNI Minimum | 14 | – | ₹- |
| B-HNI Minimum | 68 | – | ₹- |
Objects of the Issue
- Requirement of Funds and Utilization of Net Proceeds
Utkarsh Small Finance Bank IPO Review (Apply or Not)
- To be updated soon
Brokerage Firm IPO Review
- HENSEX Securities: Apply
- Reliance Securities: Apply
Utkarsh Small Finance Bank IPO Allotment & Listing Dates
The Utkarsh Small Finance Bank IPO date is 12 July 2023 and the close date is 14 July 2023. The Utkarsh Small Finance Bank IPO allotment will be finalized on 19 July 2023 and the IPO listing on 24 July 2023.
| Price Band Announcement: | July 2023 |
| Anchor Investors Allotment: | July 2023 |
| IPO Open Date: | 12 July 2023 |
| IPO Close Date: | 14 July 2023 |
| Basis of Allotment: | 19 July 2023 |
| Refunds: | 20 July 2023 |
| Credit to Demat Account: | 21 July 2023 |
| IPO Listing Date: | 24 July 2023 |
Utkarsh Small Finance Bank IPO Form
How to apply for the Utkarsh Small Finance Bank IPO? –> You can apply for Utkarsh Small Finance Bank IPO via ASBA available in your bank account. Just go to the online bank login and apply via your bank account by selecting the Utkarsh Small Finance Bank IPO in the Invest section. The other option is you can apply for Utkarsh Small Finance Bank IPO via IPO forms downloaded via NSE and BSE. Check out the Utkarsh Small Finance Bank forms.
Utkarsh Small Finance Bank Company Financial Report
| ₹ in Crores | |||
| Year | Revenue | Expense | PAT |
| 2020 | ₹1406.18 | ₹1219.44 | ₹186.74 |
| 2021 | ₹1705.84 | ₹1594.02 | ₹111.81 |
| 2022 | ₹2033.65 | ₹1972.18 | ₹61.46 |
Utkarsh Small Finance Bank IPO Valuation – FY2022
Check Utkarsh Small Finance Bank IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
| Earning Per Share (EPS): | ₹0.70 per Equity Share |
| Price/Earning P/E Ratio: | N/A |
| Return on Net Worth (RoNW): | 3.91% |
| Net Asset Value (NAV): | ₹17.56 per Equity Share |
Peer Group
- Equitas Small Finance Bank
- Ujjivan Small Finance Bank Limited
- Credit Access Grameen Limited
- Spandana Sphoorty Financial Limited
- Bandhan Bank Limited
- AU Small Finance Bank Limited
- Suryoday Small Finance Bank
Utkarsh Small Finance Bank IPO Registrar
Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: utkarsh.ipo@kfintech.com
Website: https://ris.kfintech.com
Company Address
Utkarsh Small Finance Bank Limited
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
Company Promoters
- Utkarsh CoreInvest Limited
Utkarsh Small Finance Bank IPO Lead Managers aka Merchant Bankers
- ICICI Securities Limited
- Kotak Mahindra Capital Company Limited
Utkarsh Small Finance Bank IPO FAQs:
Q1. What is Utkarsh Small Finance Bank IPO?
Ans. Utkarsh Small Finance Bank IPO is a main-board IPO. They are going to raise ₹500 Crores via IPO. The issue is priced at ₹23 to ₹25 per equity share. The IPO is to be listed on BSE & NSE.
Q2. When Utkarsh Small Finance Bank IPO will open?
Ans. The IPO is to open on July 12, 2023 for QIB, NII, and Retail Investors.
Q3. What is Utkarsh Small Finance Bank IPO Investors Portion?
Ans. The investors’ portion for QIB is 75%, NII is 15%, and Retail is 10%.
Q4. How to Apply the Utkarsh Small Finance Bank IPO?
Ans. You can apply for Utkarsh Small Finance Bank IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form.
Q5. How to Apply the Utkarsh Small Finance Bank IPO through Zerodha?
Ans. Log in to Console in Zerodha Website or in Application. Go to Portfolio and Click on IPO. You will see the IPO Name “Utkarsh Small Finance Bank”. Click on Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Zerodha.
Q6. How to Apply the Utkarsh Small Finance Bank IPO through Upstox?
Ans. Log in to the Upstox Application with your credentials. Select the IPO. You will see the IPO Name “Utkarsh Small Finance Bank”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Upstox.
Q7. How to Apply the Utkarsh Small Finance Bank IPO through Paytm Money?
Ans. Log in to Paytm Money Application with your credentials. Select the IPO. You will see the IPO Name “Utkarsh Small Finance Bank”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Paytm Money.
Q8. What is Utkarsh Small Finance Bank IPO Size?
Ans. Utkarsh Small Finance Bank IPO size is ₹500 crores.
Q9. What is Utkarsh Small Finance Bank IPO Price Band?
Ans. Utkarsh Small Finance Bank IPO Price Band is ₹23 to ₹25.
Q10. What is Utkarsh Small Finance Bank IPO Minimum and Maximum Lot Size?
Ans. The minimum bid is 600 Shares with ₹15000 amount while the maximum bid is 7800 shares with ₹195000.
Q11. What is the Utkarsh Small Finance Bank IPO Allotment Date?
Ans. Utkarsh Small Finance Bank IPO allotment date is 19 July 2023.
Q12. What is the Utkarsh Small Finance Bank IPO Listing Date?
Ans. Utkarsh Small Finance Bank IPO listing date is 24 July, 2023. The IPO is to list on BSE and NSE.
