Utkarsh Small Finance Bank Limited
Jul 12, 2023 - Jul 14, 2023
| Price | ₹23 - ₹25 |
| Premium | ₹17 |
|---|---|
| Lot size | 600 |
| Allotment | Jul 18, 2023 |
| Listing | Jul 21, 2023 |
| Category | Lot(s) | Qty | Amount | Reserved |
|---|---|---|---|---|
| Retail | 1 | 600 | 15000 | 0 |
| sHNI | 14 | 8400 | 210000 | 0 |
| bHNI | 67 | 40200 | 1005000 | 0 |
Last Updated as on 14-Jul-2023 17:54:00
| Category | Offered | Applied | Times |
|---|---|---|---|
| QIBs | 5,94,00,000 | 8,06,12,60,400 | 135.71 |
| HNIs | 2,96,99,999 | 2,63,56,17,600 | 88.74 |
| HNIs (10+L) | 1,98,00,000 | 1,81,82,26,800 | 91.83 |
| HNIs (2-10L) | 98,99,999 | 81,73,90,800 | 82.56 |
| Retail | 1,98,00,000 | 1,55,17,00,200 | 78.37 |
| Employees | 20,00,000 | 3,60,44,400 | 18.02 |
| Total | 11,08,99,999 | 12,28,46,22,600 | 110.77 |
| Category | Lot(s) | Qty | Amount | App. Reserved |
|---|---|---|---|---|
| Retail | 1 | 600 | 15000 | 33,000 |
| HNI (2+ Lakh) | 14 | 8400 | 210000 | 1179 |
| HNI (10+ Lakh) | 67 | 40200 | 1005000 | 2357 |
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
| Total Issue Size | [.] shares (aggregating up to ₹500.00 Cr) |
| Fresh Issue | [.] shares (aggregating up to ₹500.00 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Share holding pre issue | 895,521,522 |
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 |
Company Financials
| Period Ended | 31-Mar-20 | 31-Mar-21 | 31-Mar-22 | 31-Mar-23 |
|---|---|---|---|---|
| Total Assets | 9,404.32 | 12,137.91 | 15,063.77 | 19,117.54 |
| Total Revenue | 1,406.18 | 1,705.84 | 2,033.65 | 2,804.29 |
| Profit After Tax | 186.74 | 111.82 | 61.46 | 404.50 |
| Net Worth | 1,019.50 | 1,368.35 | 1,572.30 | 2,000.32 |
| Reserves and Surplus | 260.23 | 520.02 | 676.78 | 1,104.42 |
| Total Borrowing | 2,675.04 | 2,607.83 | 2,571.94 | 2,349.48 |
Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: utkarsh.ipo@kfintech.com
Website: https://ris.kfintech.com/ipostatus/