IPO Details

Issue Date


Min Investments


Issue Price


Lot Size


IPO Size

₹ 500.00 Cr

IPO Listing Details

Listing On

21 Jul'23

Issue Price


Listed Price

₹ 40

Retail Gain/Listing Gain


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.

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Growing deposits
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Diversified distribution network with significant cross-selling opportunities
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Stable growth with cost-efficient operational performance
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  • 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.

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.

And finally here’s a look at key financials of Utkarsh Small Finance Bank Limited

Particulars (in Rs. million)

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Top Utkarsh Small Finance Bank Limited IPO FAQs

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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