Incorporated in 2016, Utkarsh Small Finance Bank Limited is an SFB (Small Finance Bank) in India and recorded the second fastest AUM growth in the years Fiscal 2019 and Fiscal 2022 among SFBs with AUM of more than Rs. 50 billion.
The bank extends its facilities to individuals and businesses to assist them with their financial requirements.
The services offered by Utkarsh SFB include:
- Accounts and Deposits
- Cards
- Insurance and Investments
- Loans
- Ways to Bank
Customers of Utkarsh Small Finance Bank Limited can avail of features like Top-up/Balance Transfer facility, Hassle-free processing with Easy Documentation Process, Avail loan up to Rs. 50 crores and Tenure up to 30 years, and efficient eligibility for salaried and self-employed individuals.
The company has a diverse product portfolio and microfinance remain a focused business segment.
The asset products of the entity include
- micro banking loans – joint liability group loans and individual loans
- retail loans – unsecured loans, and secured loans
- wholesale lending – short-term and longterm loan
- housing loans with a focus on affordable housing
- commercial vehicle/construction equipment loans
- gold loans
Utkarsh Small Finance Bank IPO Details
| IPO Date | Jul 12, 2023 to Jul 14, 2023 |
| Listing Date | [.] |
| 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
| QIB Shares Offered | Not less than 75% of the Offer |
| NII (HNI) Shares Offered | Not more than 15% of the Net Issue |
| Retail Shares Offered | Not more than 10% of the Net Issue |
Utkarsh Small Finance Bank IPO Timetable
Utkarsh Small Finance Bank IPO opens on Jul 12, 2023, and closes on Jul 14, 2023.
| Event | Tentative Date |
|---|---|
| Opening Date | Wednesday, 12 July 2023 |
| Closing 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 | Monday, 24 July 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on Jul 14, 2023 |
Utkarsh Small Finance Bank IPO Lot Size
The Utkarsh Small Finance Bank IPO lot size is 600 shares.
| 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 | Total Assets | Total Revenue | Profit After Tax | Net Worth | Reserves and Surplus | Total Borrowing |
|---|---|---|---|---|---|---|
| 31-Mar-20 | 9,404.32 | 1,406.18 | 186.74 | 1,019.50 | 260.23 | 2,675.04 |
| 31-Mar-21 | 12,137.91 | 1,705.84 | 111.82 | 1,368.35 | 520.02 | 2,607.83 |
| 31-Mar-22 | 15,063.77 | 2,033.65 | 61.46 | 1,572.30 | 676.78 | 2,571.94 |
| 31-Mar-23 | 19,117.54 | 2,804.29 | 404.50 | 2,000.32 | 1,104.42 | 2,349.48 |
| Amount in ₹ Crore |
Key Performance Indicator
| KPI | Values |
|---|---|
| Debt/Equity | 8.03 |
| EPS (Rs) | 4.52 |
| RoNW | 20.22% |
Check Utkarsh Small Finance Bank IPO Peer Comparison here.
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 Prospectus
Company Contact Information
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/
Utkarsh Small Finance Bank IPO Registrar
Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: utkarsh.ipo@kfintech.com
Website: https://ris.kfintech.com/ipostatus/