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-- / 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%

Start date

End date

Allotment of bids

Refund Initiation

Listing on exchange

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)

Particulars (in Rs. million)

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How to apply for IPO through ASBA

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Kotak Securities

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Utkarsh Small Finance Bank Ltd IPO FAQs

Utkarsh Small Finance Bank Ltd will list on 2023-07-21.

500.00 is the issue size of Utkarsh Small Finance Bank Ltd IPO.

The price band of Utkarsh Small Finance Bank Ltd IPO is ₹25 to ₹0.

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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