-- / 600 shares
IPO Details
Issue Date
--
Investment/lot
--
Price Range
25
Lot Size
600
IPO Size
₹ 500.00 Cr
IPO Listing Details
Listing On
21 Jul'23
Issue Price
--
Listed Price
₹ 40
Retail Gain/Listing Gain
▲60.00%
IPO Timeline
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
Particulars (in Rs. million)
Particulars (in Rs. million)
How to apply for IPO through ASBA
Kotak Securities
•00m 58s
How to apply for an IPO using UPI
Kotak Securities
•01m 19s
Utkarsh Small Finance Bank Ltd IPO FAQs
When is Utkarsh Small Finance Bank Ltd IPO listing date?
Utkarsh Small Finance Bank Ltd will list on 2023-07-21.
What is the issue size of Utkarsh Small Finance Bank Ltd IPO?
500.00 is the issue size of Utkarsh Small Finance Bank Ltd IPO.
What is the price band of the Utkarsh Small Finance Bank Ltd IPO?
The price band of Utkarsh Small Finance Bank Ltd IPO is ₹25 to ₹0.
What is Utkarsh Small Finance Bank Limited IPO?
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.
Who is the Registrar of Utkarsh Small Finance Bank Limited IPO?
KFin Technologies Limited is the registrar for this IPO.
Where can I read more about Utkarsh Small Finance Bank Limited business?
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.
