Utkarsh Small Finance Bank IPO GMP, Price, Date, Allotment

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Last updated on July 21, 2023

Utkarsh Small Finance Bank IPO GMP

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.

Utkarsh Small Finance Bank

Promoters of Utkarsh Small Finance Bank– Utkarsh Coreinvest Limited


Utkarsh Small Finance Bank IPO Details

Utkarsh SFB IPO Dates12 – 14 Jul 2023
Utkarsh SFB IPO Price INR 23 – 25 per share
Fresh issueINR 500 crores
Offer For SaleNil
Total IPO sizeINR 500 crores
Minimum bid (lot size)600 shares (INR 15,000)
Face Value INR 10 per share
Retail Allocation10%
Listing OnNSE, BSE

Utkarsh Small Finance Bank Financial Performance

 FY 2021FY 2022FY 2023
Revenue1,580.991,848.812,504.98
Expenses1,594.021,972.182,399.78
Net income111.8161.46404.50
Margin (%)7.073.3216.15
Figures in INR Crores unless specified otherwise

Utkarsh Small Finance Bank Offer News


Utkarsh Small Finance Bank Valuations & Margins

FY 2021FY 2022FY 2023
EPS1.460.704.52
PE ratio5.09 – 5.53
RONW (%)8.173.9120.22
NAV16.1317.5622.23
Debt/Equity7.398.048.03
*Compiled by IPO Central from Prospectus

Utkarsh Small Finance Bank IPO GMP Today (Daily Trend)

DateConsolidated IPO GMPKostakSubject to Sauda
20 July 2023152507,000
19 July 2023152506,000
18 July 2023152506,000
17 July 2023152506,000
15 July 2023152506,000
14 July 2023152506,000
13 July 2023152506,000
12 July 2023152005,500
11 July 2023135,000
10 July 2023155,000

Utkarsh Small Finance Bank IPO Subscription – Live Updates

CategoryQIBNIIRetailEmployeeTotal
Shares Offered6,45,65,2173,22,82,6082,15,21,73921,73,91312,05,43,477
14 Jul 2023124.8581.6472.1016.58101.91
13 Jul 20233.8827.7236.668.4816.20
12 Jul 20230.048.2513.752.734.73

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 Date12 July 2023
Utkarsh SFB IPO Closing Date14 July 2023
Finalization of Basis of Allotment19 July 2023
Initiation of refunds20 July 2023
Transfer of shares to demat accounts21 July 2023
Utkarsh SFB IPO Listing Date21 July 2023
Opening Price on NSEINR 40 per share (up 60%)
Closing Price on NSEINR 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: +91 2268077100
Email: [email protected]
Website: 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:
 +91 40 6716 2222
Email:
[email protected]
Website:
 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: +91 542 660 5555
Email: [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.

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