Utkarsh Small Finance Bank Limited IPO

Mainboard

Other Bank

Listed On: Jul 21, 2023 at ₹ 40.0(NSE)

₹ 15000 /600 Shares

Check Allotment

Price Summary

Last Closing

25.27 (1.08%)

52 Week High

61.70

52 Week Low

21.25

Last Update

29-Apr-2025 3:30 PM

Utkarsh Small Finance Bank Limited IPO Details

12 Jul, 2023

Open Date

14 Jul, 2023

Close Date

19 Jul, 2023

Allotment Date

21 Jul, 2023

Listing Date

Issue Price

₹23-25 per equity share

Face Value

₹10 Per Equity Share

Listing at Group

BSE, NSE

Registrar

Kfin Technologies Limited

List Price

40.0(NSE)

Listing Date

2023-07-21

Market Lot

Retail : 600 Shares (₹15,000/-)
sHNI : 8,400 Shares (₹2,10,000/-)
bHNI : 40,200 Shares (₹10,05,000/-)

Lead Manager

Icici Securities Limited
Kotak Mahindra Capital Company Limited

Issue Size

200,000,000 shares(aggregating up to ₹500.00 Cr)

Retail Portion

10% (Number of Retail Applications : 33,000 Approx),
(Number of sHNI Applications : 1,179 Approx),
(Number of bHNI Applications : 2,357 Approx)

Subscription

101.90 times

IPO Docs

DRHP RHP

The IPO of Utkarsh Small Finance Bank Limited is priced at ₹23-25 per equity share, which has a face value of ₹10 Per Equity Share each. The company shall list its equity shares on BSE, NSE. Kfin Technologies Limited is the registrar of the issue.

Utkarsh Small Finance Bank Limited IPO bid opening date is from Jul 12, 2023 and the bid closing date was Jul 14, 2023.
Utkarsh Small Finance Bank Limited IPO allotment result will be available on Jul 19, 2023. The tentative listing date for Utkarsh Small Finance Bank Limited is Jul 21, 2023.

The total issue size is 200,000,000 shares(aggregating up to ₹500.00 Cr).

As on	QIB	NII bNII sNII	Retail	Employee	Total
Shares Offered / Reserved	59,400,000	29,700,000 19,800,000 9,900,000	19,800,000	2,000,000	110,900,000
Day 1 - 12-07-23 05:00 PM	0.04 x	8.24 7.49 x 9.76 x	13.73 x	2.73 x	4.73 x
Day 2 - 13-07-23 05:00 PM	3.88 x	27.70 25.78 x 31.54 x	36.63 x	8.48 x	16.19 x
Day 3 - 14-07-23 05:00 PM	124.85 x	81.64 84.48 x 75.94 x	72.03 x	16.57 x	101.90 x

Total No. of Applications: 20,72,894 (Approx)

Retail Subscription on the basis of Applications: 62.81 times

Utkarsh Small Finance Bank Limited Valuations

Earnings Per Share (EPS)

₹4.52/-

P/E Ratio

6.77

RoNW

20.22%

Net Asset Value (NAV) - As on 31.03.23

₹22.33

Utkarsh Small Finance Bank Limited Company Financials All values are in ₹ Cr.

	31-Mar-23	31-Mar-22	31-Mar-21	31-Mar-20
Assets	19,117.54	15,063.77	12,137.91	9,404.32
Revenue	2,804.29	2,033.65	1,705.84	1,406.18
Profit After Tax	404.50	61.46	111.82	186.74

About The Company

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.

Customers of Utkarsh Small Finance Bank Limited can avail of features like Top-up/Balance Transfer facility, Hassle-free processing

The services offered by Utkarsh SFB include:
Accounts and Deposits
Cards
Insurance and Investments
Loans
Ways to Bank

	P/B Ratio	P/E Ratio	RoNW	Net Worth
Utkarsh SFB	1.12	6.77	20.22%	2,804
Equitas SFB	2.79	18.2	13.5%	4,162
Ujjivan SFB	2.08	7.56	31.0%	4,165
Bandhan bank Ltd	2.04	16.4	12.6%	15,905
AU SFB	6.35	35.5	19.0%	8,205
Suryoday SFB	1.21	23.9	5.16%	1,184

Utkarsh Small Finance Bank Limited IPO - Ratings

Axis Capital	Neutral
Dilip Davda	May Apply
HDFC Securities Limited	Neutral
ICICI Securities	Neutral
HENSEX Securities	Subscribe
Reliance Securities	Subscribe

Utkarsh Small Finance Bank Limited - Promoter(s)

Pre Issue Share Holding: 84.75%

Post Issue Share Holding: 69.28%

Company Promoter(s)

Utkarsh CoreInvest Limited.

Utkarsh Small Finance Bank Limited IPO - Issue Objectives

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 Limited IPO - Anchor Investors

Utkarsh Small Finance Bank raises Rs 222.75 crore via anchor book ahead of IPO.

Twenty anchor investors participated in the anchor book including SBI Mutual Fund, ICICI Prudential, Kotak Mahindra Trustee, Aditya Birla Sun Life Trustee, Goldman Sachs Funds, SBI Life Insurance Company, Edelweiss Trusteeship, Founders Collective Fund and AG Dynamics Funds.

Utkarsh Small Finance Bank Limited IPO - FAQs

Ans. Utkarsh Small Finance Bank Limited IPO is a Mainboard IPO. The issue is priced at ₹23-25 per equity share. The minimum order quantity is 600 Shares. The IPO opens on Jul 12, 2023, and closes on Jul 14, 2023. Kfin Technologies Limited is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.

Ans. The Utkarsh Small Finance Bank Limited IPO opens on Jul 12, 2023 and closes on Jul 14, 2023.

Ans. The size of Utkarsh Small Finance Bank Limited IPO is 200,000,000 shares(aggregating up to ₹500.00 Cr).

Ans. The IPO price band is set between ₹23-25 per equity share.

Ans. To apply for Utkarsh Small Finance Bank Limited IPO IPO, follow the steps given below:

- Open the IPO Ji App or Website
- Find Utkarsh Small Finance Bank Limited IPO in the List of IPOs
- Press "Apply" Button
- Select Your Demat Account
- Select Your Shares Quantity and Submit
- Track Your IPO Status

Ans. The share allotment date of Utkarsh Small Finance Bank Limited IPO is Jul 19, 2023.

Ans. The Utkarsh Small Finance Bank Limited IPO will be listed on Jul 21, 2023.

Ans. Follow the steps to check the allotment status for Utkarsh Small Finance Bank Limited IPO here.