The Utkarsh Small Finance Bank Limited IPO started on July 12, 2023, and ended on July 14, 2023. Shares were allocated on July 19, 2023, and refund processes began on July 20, 2023. On July 21, 2023, the shares were credited to investors’ demat accounts. Utkarsh Small Finance Bank was officially listed on the stock exchange on July 24, 2023.
During the IPO, Utkarsh Small Finance Bank offered shares at a price range of ₹23 to ₹25 per share, and the lot size was 600 shares. The total issue size was ₹500 crores, with ₹500 crores from new shares. The IPO was listed on both the NSE and BSE.
Regarding share reservations, 75% of the shares were allocated to Qualified Institutional Buyers (QIB), 15% were reserved for Non-Institutional Investors (NII), and 10% were set aside for retail investors.
Utkarsh Small Finance Bank IPO Subscription Status Details
The Utkarsh Small Finance Bank IPO has been subscribed by different categories of investors. The retailers have subscribed to it 78.38 times, while the Non-Institutional Investors (NII) have subscribed 88.74 times. The Qualified Institutional Buyers (QIB) have subscribed 135.71 times.
| Category | Subscription |
| QIB | 135.71x |
| NII | 88.74x |
| Retail | 78.38x |
| Employee | 18.02x |
| Total | 110.77x |
Established in 2016, Utkarsh Small Finance Bank Limited is an Indian Small Finance Bank (SFB) that achieved the second highest growth in Assets Under Management (AUM) among SFBs with over Rs. 50 billion in AUM during Fiscal 2019 and Fiscal 2022.
The bank provides a range of financial solutions to individuals and businesses to meet their diverse needs.
Utkarsh SFB offers the following services:
- Accounts and Deposits
- Cards
- Insurance and Investments
- Loans
- Ways to Bank
Customers of Utkarsh Small Finance Bank Limited can benefit from features such as Top-up/Balance Transfer facility, Easy Documentation Process for hassle-free processing, loan amounts of 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 varied product portfolio with a specific focus on microfinance, which remains an important business segment.
The bank’s asset products encompass:
- Micro banking loans, including joint liability group loans and individual loans
- Retail loans, both unsecured and secured
- Wholesale lending, offering short-term and long-term loans
- Housing loans with an emphasis on affordable housing
- Commercial vehicle and construction equipment loans
- Gold loans
Utkarsh Small Finance Bank IPO More Details Click Here
When Utkarsh Small Finance Bank IPO Subscription will start and end?
The Utkarsh Small Finance Bank IPO started on July 12, 2023, and ended on July 14, 2023.
When Utkarsh Small Finance Bank IPO Subscription will start?
The Utkarsh Small Finance Bank IPO started on July 12, 2023.
When Utkarsh Small Finance Bank IPO Subscription will end?
The Utkarsh Small Finance Bank IPO ended on July 14, 2023.
When were the shares credited to investors’ demat accounts for the Utkarsh Small Finance Bank IPO?
The shares for the Utkarsh Small Finance Bank IPO were credited to investors’ demat accounts on July 21, 2023.
When was Utkarsh Small Finance Bank officially listed on the stock exchange?
Utkarsh Small Finance Bank was officially listed on the stock exchange on July 24, 2023.
What was the price range of the Utkarsh Small Finance Bank IPO shares?
The Utkarsh Small Finance Bank IPO shares were offered at a price range of ₹23 to ₹25 per share.
What was the lot size for the Utkarsh Small Finance Bank IPO shares?
The lot size for the Utkarsh Small Finance Bank IPO shares was 600 shares.
What was the total issue size of the Utkarsh Small Finance Bank IPO?
The total issue size of the Utkarsh Small Finance Bank IPO was ₹500 crores.
How were the shares allocated among different types of investors for the Utkarsh Small Finance Bank IPO?
75% of the shares were allocated to Qualified Institutional Buyers (QIB), 15% were reserved for Non-Institutional Investors (NII), and 10% were set aside for retail investors.
On which stock exchanges was the Utkarsh Small Finance Bank IPO listed?
The Utkarsh Small Finance Bank IPO was listed on both the NSE and BSE.
