Last updated on July 21, 2023
Utkarsh Small Finance Bank IPO Description – The bank is an SFB in India and recorded the second fastest Assets under management (AUM) growth between Fiscal 2019 and Fiscal 2022 among Small Finance Bank with AUM of more than INR 50 billion. Its Promoter, Utkarsh CoreInvest Limited, commenced its operations as an NBFC in Fiscal 2010 and was focused on providing microfinance to unserved and underserved segments and in particular in the states of Uttar Pradesh and Bihar.
Its operations are spread across India and are present in 22 States and 4 Union Territories with 830 Banking Outlets and 15,400 employees, as of 31 March 2023. As of 31 March 2023, 27.35% of the Banking Outlets were located in Unbanked Rural Centres as against the regulatory requirement of 25% of banking outlets of SFBs to be located in URCs.
Its operations are focused in rural and semi-urban areas and as of 31 March 2023, the company had 3.5 million customers (both deposit and credit) majorly located in rural and semi-urban areas primarily in the states of Bihar, Uttar Pradesh, and Jharkhand that have the best asset quality among other states but with low and moderate credit penetration.
Promoters of Utkarsh Small Finance Bank– Utkarsh Coreinvest Limited
Utkarsh Small Finance Bank IPO Details
| Utkarsh SFB IPO Dates | 12 – 14 Jul 2023 |
| Utkarsh SFB IPO Price | INR 23 – 25 per share |
| Fresh issue | INR 500 crores |
| Offer For Sale | Nil |
| Total IPO size | INR 500 crores |
| Minimum bid (lot size) | 600 shares (INR 15,000) |
| Face Value | INR 10 per share |
| Retail Allocation | 10% |
| Listing On | NSE, BSE |
Utkarsh Small Finance Bank Financial Performance
| Â | FY 2021 | FY 2022 | FY 2023 |
| Revenue | 1,580.99 | 1,848.81 | 2,504.98 |
| Expenses | 1,594.02 | 1,972.18 | 2,399.78 |
| Net income | 111.81 | 61.46 | 404.50 |
| Margin (%) | 7.07 | 3.32 | 16.15 |
Utkarsh Small Finance Bank Offer News
- Utkarsh Small Finance Bank RHP
- Utkarsh Small Finance Bank DRHP
- Utkarsh SFB IPO Ratings: Brokers Upbeat About Prospects
- ASBA IPO Forms
- Live IPO Subscription Status
- IPO Subscription Status
Utkarsh Small Finance Bank Valuations & Margins
| FY 2021 | FY 2022 | FY 2023 | |
| EPS | 1.46 | 0.70 | 4.52 |
| PE ratio | – | – | 5.09 – 5.53 |
| RONW (%) | 8.17 | 3.91 | 20.22 |
| NAV | 16.13 | 17.56 | 22.23 |
| Debt/Equity | 7.39 | 8.04 | 8.03 |
Utkarsh Small Finance Bank IPO GMP Today (Daily Trend)
| Date | Consolidated IPO GMP | Kostak | Subject to Sauda |
| 20 July 2023 | 15 | 250 | 7,000 |
| 19 July 2023 | 15 | 250 | 6,000 |
| 18 July 2023 | 15 | 250 | 6,000 |
| 17 July 2023 | 15 | 250 | 6,000 |
| 15 July 2023 | 15 | 250 | 6,000 |
| 14 July 2023 | 15 | 250 | 6,000 |
| 13 July 2023 | 15 | 250 | 6,000 |
| 12 July 2023 | 15 | 200 | 5,500 |
| 11 July 2023 | 13 | – | 5,000 |
| 10 July 2023 | 15 | – | 5,000 |
Utkarsh Small Finance Bank IPO Subscription – Live Updates
| Category | QIB | NII | Retail | Employee | Total |
|---|---|---|---|---|---|
| Shares Offered | 6,45,65,217 | 3,22,82,608 | 2,15,21,739 | 21,73,913 | 12,05,43,477 |
| 14 Jul 2023 | 124.85 | 81.64 | 72.10 | 16.58 | 101.91 |
| 13 Jul 2023 | 3.88 | 27.72 | 36.66 | 8.48 | 16.20 |
| 12 Jul 2023 | 0.04 | 8.25 | 13.75 | 2.73 | 4.73 |
Utkarsh Small Finance Bank IPO Allotment Status
Utkarsh SFB IPO allotment is now available on the KFin Tech website. Click on this link to get allotment status.
Utkarsh Small Finance Bank IPO Dates & Listing Performance
| Utkarsh SFB IPO Opening Date | 12 July 2023 |
| Utkarsh SFB IPO Closing Date | 14 July 2023 |
| Finalization of Basis of Allotment | 19 July 2023 |
| Initiation of refunds | 20 July 2023 |
| Transfer of shares to demat accounts | 21 July 2023 |
| Utkarsh SFB IPO Listing Date | 21 July 2023 |
| Opening Price on NSE | INR 40 per share (up 60%) |
| Closing Price on NSE | INR 48 per share (up 92%) |
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Utkarsh Small Finance Bank Offer Lead Manager
ICICI SECURITIES LIMITED
ICICI Venture House,
Appasaheb Marathe Marg,
Prabhadevi, Mumbai – 400025
Phone:Â +91 2268077100
Email:Â [email protected]
Website:Â www.icicisecurities.com
Utkarsh Small Finance Bank Offer Registrar
KFIN TECHNOLOGIES LIMITED
Selenium Tower – B, Plot 31 & 32, Gachibowli,
Financial District, Nanakramguda,
Serilingampally, Hyderabad – 500 032
Phone:Â +91 40 6716 2222
Email: [email protected]
Website:Â www.kfintech.com
Utkarsh Small Finance Bank Contact Details
UTKARSH SMALL FINANCE BANK
Utkarsh Tower, NH – 31 (Airport
Road), Sehmalpur, Kazi Sarai, Harhua,
Varanasi 221 105, Uttar Pradesh
Phone:Â +91 542 660 5555
Email:Â [email protected]
Website: www.utkarsh.bank
Utkarsh Small Finance Bank IPO FAQs
How many shares in Utkarsh Small Finance Bank IPO are reserved for HNIs and retail investors?
The investors’ portion for QIB – 75%, NII – 15%, and Retail – 10%.
How to apply in Utkarsh Small Finance Bank Public Offer?
The best way to apply in Utkarsh SFB public offer is through Internet banking ASBA (know all about ASBA here). You can also apply online through your stock broker using UPI. If you prefer to make paper applications, fill up an offline IPO form and deposit the same to your broker.
What is Utkarsh Small Finance Bank IPO GMP today?
Utkarsh SFB IPO GMP today is INR 15 per share.
What is Utkarsh Small Finance Bank kostak rate today?
Utkarsh SFB kostak rate today is INR 250 per application.
What is Utkarsh Small Finance Bank Subject to Sauda rate today?
Utkarsh SFB Subject to Sauda rate today is INR 7,000 per application.
