Utkarsh Small Finance Bank IPO Details ( Utkarsh Small Finance Bank Limited IPO Review )
(12 Jul 2023 – 14 Jul 2023)
Utkarsh Small Finance Bank Limited, established in 2016, is an Indian Small Finance Bank that experienced the second fastest growth in Assets Under Management (AUM) during Fiscal 2019 and Fiscal 2022 among SFBs with AUM exceeding Rs. 50 billion.
The bank offers a range of services catering to the financial needs of both individuals and businesses. These services include:
- Accounts and Deposits
- Cards
- Insurance and Investments
- Loans
- Ways to Bank
Customers of Utkarsh Small Finance Bank Limited enjoy several features such as the Top-up/Balance Transfer facility, hassle-free processing with easy documentation, the option to avail loans up to Rs. 50 crores with a tenure of up to 30 years, and streamlined eligibility criteria for both salaried and self-employed individuals.
The bank maintains a diverse product portfolio, with microfinance remaining a prominent focus area. Its asset products encompass:
- Micro banking loans – Joint liability group loans and individual loans
- Retail loans – Unsecured loans and secured loans
- Wholesale lending – Short-term and long-term loans
- Housing loans with a particular emphasis on affordable housing
- Commercial vehicle/construction equipment loans
- Gold loans
Utkarsh Small Finance Bank Limited IPO Competitive Strength
- Sound understanding of microfinance segment and presence in rural and semi-urban areas;
- Growing deposits with focus on retail deposits;
- Diversified distribution network with significant cross-selling opportunities;
- Focus on risk management and effective operations; and
- Stable growth with cost efficient operational performance;
- Leadership complementing our strengths.
Utkarsh Small Finance Bank IPO Financials Performance ( Results )
Utkarsh Small Finance Bank Limited Financial Information ( Restated )
All Amount in ₹ Crores
| Period Ended | Total Assets | Total Revenue | PAT | EPS (₹) | Net Worth | NAV (₹) | Reserves | Borrowing |
| 31-Mar-20 | 9,404.32 | 1,406.18 | 186.74 | 2.49 | 1,019.50 | 13.43 | 260.23 | 2,675.04 |
| 31-Mar-21 | 12,137.91 | 1,705.84 | 111.82 | 1.46 | 1,368.35 | 16.13 | 520.02 | 2,607.83 |
| 31-Mar-22 | 15,063.77 | 2,033.65 | 61.46 | 0.70 | 1,572.30 | 17.56 | 676.78 | 2,571.94 |
| 31-Mar-23 | 19,117.54 | 2,804.29 | 404.50 | 4.51 | 2,000.32 | 22.33 | 1,104.42 | 2,349.48 |
Objective of IPO Issue
- Utkarsh Small Finance Bank Limited plans to use the Net Proceeds from the Issue for two main purposes.
- The first purpose is to strengthen its Tier-1 capital base in order to fulfill its future capital needs.
- The second purpose is to cover the expenses associated with the Issue.
- By utilizing the funds in this manner, the bank aims to enhance its financial stability and meet regulatory requirements.
Utkarsh Bank IPO Basic Details
| IPO Date | Jul 12, 2023 to Jul 14, 2023 |
| Listing Date | Monday, July 24, 2023 |
| Face Value | ₹10 per share |
| Price | ₹23 to ₹25 per share |
| Lot Size | 600 Shares |
| Issue Size | 200,000,000 shares (aggregating up to ₹500.00 Cr) |
| Fresh Issue | 200,000,000 shares (aggregating up to ₹500.00 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE, BSE |
| Share holding pre issue | 895,521,522 |
| Share holding post issue | 1,095,521,522 |
| Company Promoters | Utkarsh Coreinvest Limited |
Utkarsh Bank IPO Reservation
| QIB Shares Offered | 75% of the Net Issue |
| NII (HNI) Shares Offered | 15% of the Net Issue |
| Retail Shares Offered | 10% of the Net Issue |
Utkarsh Bank IPO Timetable
Utkarsh Bank IPO will open on July 12, 2023 and close on July 14, 2023. You can join Utkarsh Bank IPO at 10.00 A.M. to 5.00 p.m. Upto which mandate can be applied.
| Event | Date |
| Opening Date | 12 July 2023 (Wednesday) |
| Closing Date | 14 July 2023 (Friday) |
| Basis of Allotment | 19 July 2023 (Wednesday) |
| Initiation of Refunds | 20 July 2023 (Thursday) |
| Credit of Shares to Demat | 21 July 2023 (Friday) |
| Listing Date | 24 July 2023 (Monday) |
| Deadline for UPI mandate confirmation | 5 PM on 14 July 2023 |
Utkarsh IPO Lot Size
For retail investors in Utkarsh IPO, 0000 shares will come in 1 lot or the minimum investment will be ₹000,000. Retail-individual investors can apply for up to 1 lots or the maximum investment will be ₹000,000.
| Application | Lots | Shares | Amount |
| Retail (Min) | 1 | 600 | ₹15,000 |
| Retail (Max) | 13 | 7,800 | ₹195,000 |
| S-HNI (Min) | 14 | 8,400 | ₹210,000 |
| S-HNI (Max) | 67 | 39,600 | ₹990,000 |
| B-HNI (Min) | 68 | 40,200 | ₹1,005,000 |
Utkarsh Small Finance Bank IPO Promoter Holding
The company’s promoters include Utkarsh CoreInvest Limited.
| Pre Issue Share Holding | 84.75% |
| Post Issue Share Holding | 69.28% |
Utkarsh Small Finance Bank Ltd IPO Key Performance Indicator ( Valuation )
In the table given below, all the figures have been told according to the latest financial year.
| KPI | Values |
| Market Cap (₹ Cr.) | 2739.76 |
| Earning Per Share (EPS) | ₹4.52 per Equity Share |
| Net Asset Value (NAV) | ₹00.00 per Equity Share |
| P/E Ratio (P/E) (x) | 6.78 |
| Return on Net Worth (RoNW) (%) | 20.22 |
| Return on equity (ROE) (%) | Coming Soon |
| Return on Capital Employed (ROCE) (%) | Coming Soon |
| Debt/Equity Ratio | 8.03 |
| Upper Price/Book Value (Price/BV) Ratio | Coming Soon |
Utkarsh Small Finance Bank Ltd Peer Comparison
| Company Name | Consolidated/ Standalone | Face Value | EPS (₹) | P/E Ratio | RoNW (%) | NAV (₹) | P/BV Ratio |
| Utkarsh Small Finance Bank Limited | Standalone | 10 | 0.70 | 6.78 | 3.91 | 17.56 | 1.12 |
| Listed Peers | |||||||
| Equitas Small Finance Bank | Standalone | 10 | 2.40 | 19.48 | 6.61 | 33.91 | 1.38 |
| Ujjivan Small Finance Bank Limited | Standalone | 10 | -2.40 | NM** | -16.19 | 14.81 | 1.29 |
| Credit Access Grameen Limited | Standalone | 10 | 23.22 | 42.27 | 8.89 | 257.75 | 3.81 |
| Spandana Sphoorty Financial Limited | Standalone | 10 | 10.72 | 38.37 | 2.26 | 447.21 | 0.92 |
| Bandhan Bank Limited | Standalone | 10 | 0.78 | 347.12 | 0.72 | 107.91 | 2.51 |
| AU Small Finance Bank Limited | Standalone | 10 | 17.85 | 32.64 | 15.04 | 238.62 | 4.88 |
| Suryoday Small Finance Bank | Standalone | 10 | -8.76 | NM** | -6.41 | 136.73 | 0.58 |
Utkarsh Small Finance Bank IPO GMP Live Update, Kostak Rate day by day
| Date | GMP | Kostak | Subject to |
| 19 July 2023 | ₹15 | – | – |
| 18 July 2023 | ₹16 | – | – |
| 17 July 2023 | ₹16 | – | – |
| 16 July 2023 | ₹15 | – | – |
| 15 July 2023 | ₹16 | – | – |
| 14 July 2023 | ₹16 | – | – |
| 13 July 2023 | ₹17 | – | – |
| 12 July 2023 | ₹16 | – | – |
| 11 July 2023 | ₹16 | – | – |
Utkarsh Small Finance Bank IPO Detail Video:
Utkarsh SFB IPO Subscription Status (Bidding Detail)
The Utkarsh Small Finance Bank IPO on July 14, 2023 at 7:29:00 PM was subscribed 110.77 times, with the retail category being subscribed 78.38 times, the NII (Non-Institutional Investor) category being subscribed 88.74 times and the QIB (Qualified-Institutional Buyers) category being subscribed 135.71 times.
| Category | Subscription |
| QIB | 135.71x |
| NII | 88.74x |
| Retail | 78.38x |
| Employee | 18.02x |
| Total | 110.77x |
Utkarsh Small Finance Bank IPO Prospectus
| Utkarsh Small Finance Bank IPO DRHP | Download |
| Utkarsh Small Finance Bank IPO RHP | Download |
| Utkarsh Small Finance Bank IPO Anchor Investors Details PDF | Download |
Utkarsh Small Finance Bank IPO Rating
| Our Rating | 3.5/5.0 |
Utkarsh Small Finance Bank Company Contact Information
Utkarsh Small Finance Bank Limited
Registered and Corporate Office: Utkarsh Tower, NH – 31 (Airport Road),
Sehmalpur, Kazi Sarai, Harhua, Varanasi 221 105,
Uttar Pradesh, India
Tel: +91 542 660 5555
Contact Person: Muthiah Ganapathy, Company Secretary and Compliance Officer
Tel: +91 22 6872 9552
E-mail: shareholders@utkarsh.bank
Website: www.utkarsh.bank
Corporate Identity Number: U65992UP2016PLC082804
Utkarsh Small Finance Bank IPO Registrar
KFin Technologies Limited
Registered and Corporate Office: Selenium, Tower-B, Plot 31 & 32,
Financial District, Nanakramguda, Serilingampally
Hyderabad, Rangareddi 500 032, Telangana, India
Tel: +91 40 6716 2222 / 1800 345 4001
E-mail: utkarsh.ipo@kfintech.com
Investor grievance e-mail: einward.ris@kfintech.com
Website: www.kfintech.com
Contact person: Mr. M. Murali Krishna
SEBI registration no.: INR000000221
Utkarsh Small Finance Bank IPO Lead Manager
ICICI Securities Limited
Registered and Corporate Office: ICICI Venture House
Appasaheb Marathe Marg, Prabhadevi
Mumbai 400 025 Maharashtra, India
Tel: +91 22 6807 7100
E-mail: utkarsh.ipo@icicisecurities.com
Website: www.icicisecurities.com
Investor grievance e-mail: customercare@icicisecurities.com
Contact person: Mr. Ashik Joisar / Mr. Shekher Asnani
SEBI registration no.: INM000011179
Kotak Mahindra Capital Company Limited
Registered and Corporate Office: 1st Floor, 27 BKC, Plot No. 27, ‘G’ Block
Bandra Kurla Complex, Bandra (East) Mumbai 400 051
Maharashtra, India
Tel: +91 22 4336 0000
E-mail: utkarshsfb.ipo@kotak.com
Website: https://investmentbank.kotak.com
Investor grievance e-mail: kmccredressal@kotak.com
Contact person: Mr. Ganesh Rane
SEBI registration no.: INM000008704
Utkarsh Small Finance Bank IPO FAQs
What is the lot size of Utkarsh Small Finance Bank IPO?
The total size of Utkarsh Small Finance Bank IPO is ₹500 crores and this is a complete fresh Issue.
When will Utkarsh Small Finance Bank IPO start?
Utkarsh Small Finance Bank IPO will open from 12 July 2023 and IPO will close on 14 July 2023.
What is the open date of Utkarsh Small Finance Bank IPO?
Utkarsh Small Finance Bank IPO will open date from 12 July 2023.
What is the last date ( close date ) of Utkarsh Small Finance Bank IPO?
Utkarsh Small Finance Bank IPO will close from 14 July 2023.
What is the price band of Utkarsh Small Finance Bank IPO?
Utkarsh Small Finance Bank IPO price band is ₹23 to ₹25. ( Upper Price Band: ₹25, Lower Price Band: ₹23 )
What is the minimum amount required to apply for Utkarsh Small Finance Bank IPO?
The minimum investment for retailers to apply for Utkarsh Small Finance Bank IPO is ₹15,000 and the maximum investment is ₹195,000.
What is going on gray market premium of Utkarsh Small Finance Bank IPO?
View gray market premium of Utkarsh Small Finance Bank IPO by Clicking Here
How much is the GMP of Utkarsh Small Finance Bank IPO?
Watch Utkarsh Small Finance Bank IPO GMP Today: Click Here
What is the allotment date of Utkarsh Small Finance Bank IPO?
The allotment date of Utkarsh Small Finance Bank IPO is 19 July 2023.
How to check allotment status in Utkarsh Small Finance Bank IPO?
To check the allotment status of Utkarsh Small Finance Bank IPO, first of all go to the registrar website by clicking here, select your bad Utkarsh Small Finance Bank IPO name or enter your bad application number, PAN number or client ID and click on submit. ( Video Link )
What is the listing date of Utkarsh Small Finance Bank IPO?
The listing date of Utkarsh Small Finance Bank IPO is 24 July 2023.
How much will be the listing gain in Utkarsh Small Finance Bank IPO?
View listing gain of Utkarsh Small Finance Bank IPO by Clicking Here
How much time Utkarsh Small Finance Bank IPO is subscribed?
Total 110.77 times subscribed in Utkarsh Small Finance Bank IPO out of which 78.38 times subscription was done in retail quota, 88.74 times subscription in NII quota and 135.71 times subscription in QIB quota.
How to apply for Utkarsh Small Finance Bank IPO from Upstox?
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How to apply for Utkarsh Small Finance Bank IPO from Zerodha?
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How to apply for Utkarsh Small Finance Bank IPO from Angle One?
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