Utkarsh Small Finance Bank Limited IPO

Incorporated in 2016, 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.

The bank extends its facilities to individuals and businesses to assist them with their financial requirements.

The services offered by Utkarsh SFB include:

• Accounts and Deposits

• Cards

• Insurance and Investments

• Loans

• Ways to Bank

Customers of Utkarsh Small Finance Bank Limited can avail of features like Top-up/Balance Transfer facility, Hassle-free processing with Easy Documentation Process, Avail loan up to Rs. 50 crores and Tenure up to 30 years, and efficient eligibility for salaried and self-employed individuals.

The company has a diverse product portfolio and microfinance remain a focused business segment.

The asset products of the entity include

• micro banking loans - joint liability group loans and individual loans

• retail loans - unsecured loans, and secured loans

• wholesale lending - short-term and longterm loan

• housing loans with a focus on affordable housing

• commercial vehicle/construction equipment loans

• gold loans

Utkarsh Small Finance Bank IPO Details

Utkarsh Small Finance Bank IPO is a Book Built Issue. The IPO total issue size is Rs 500.00 Cr. The Utkarsh Small Finance Bank IPO price is ₹23 to ₹25 per share. The IPO will list on BSE, NSE.

IPO Date	Jul 12, 2023 to Jul 14, 2023
Listing Date	Jul 21, 2023
Face Value	₹10 per share
Price	₹23 to ₹25 per share
Lot Size	600 Shares
Total 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 T Utkarsh Small ype	Book Built Issue IPO
Listing At	BSE, NSE
Share holding pre issue	895,521,522
Share holding post issue	1,095,521,522

Finance Bank IPO Reservation

Utkarsh Small Finance Bank IPO a total of 200,000,000 shares are offered. QIB: 59,400,000 (29.70%), RII: 19,800,000 (9.90%), NII: 29,700,000 (14.85%).

Anchor Investor Shares Offered	89,100,000 (44.55%)
QIB Shares Offered	59,400,000 (29.70%)
NII (HNI) Shares Offered	29,700,000 (14.85%)
Retail Shares Offered	19,800,000 (9.90%)
Employee Shares Offered	2,000,000 (1.00%)
Total Shares Offered	200,000,000 (100%)

Utkarsh Small Finance Bank IPO Anchor Investors Details

Utkarsh Small Finance Bank IPO raises Rs 222.75 crore from anchor investors. Utkarsh Small Finance Bank IPO Anchor bid date is Jul 11, 2023.

Bid Date	Jul 11, 2023
Shares Offered	89,100,000
Anchor Portion Size (In Cr.)	222.75
Anchor lock-in period end date for 50% shares (30 Days)	Aug 31, 2023
Anchor lock-in period end date for remaining shares (90 Days)	Nov 30, 2023

Utkarsh Small Finance Bank IPO Timetable (Tentative)

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

IPO Open Date	Wednesday, 12 July 2023
IPO Close Date	Friday, 14 July 2023
Basis of Allotment	Wednesday, 19 July 2023
Initiation of Refunds	Thursday, 20 July 2023
Credit of Shares to Demat	Friday, 21 July 2023
Listing Date	Friday, 21 July 2023
Cut-off time for UPI mandate confirmation	5 PM on Jul 14, 2023

Utkarsh Small Finance Bank IPO Lot Size

The minimum lot size of this Utkarsh Small Finance Bank IPO is 600 shares required is ₹15,000.

Application	Lots	Shares	Amount
Retail (Min)	1	600	₹15,000
Retail (Max)	13	7800	₹195,000
S-HNI (Min)	14	8,400	₹210,000
S-HNI (Max)	66	39,600	₹990,000
B-HNI (Min)	67	40,200	₹1,005,000

Utkarsh Small Finance Bank IPO Promoter Holding

The promoter of the Bank is Utkarsh CoreInvest Limited.

Pre Issue Share Holding	84.75%
Post Issue Share Holding	69.28%

Company Financials

Period Ended	31 Mar 2020	31 Mar 2021	31 Mar 2022	31 Mar 2023
Assets	9,404.32	12,137.91	15,063.77	19,117.54
Revenue	1,406.18	1,705.84	2,033.65	2,804.29
Profit After Tax	186.74	111.82	61.46	404.50
Net Worth	1,019.50	1,368.35	1,572.30	2,000.32
Reserves and Surplus	260.23	520.02	676.78	1,104.42
Total Borrowing	2,675.04	2,607.83	2,571.94	2,349.48

Amount in ₹ Crore

Key Performance Indicator

Utkarsh Small Finance Bank IPO Market Cap is Rs 2739.76 Cr and P/E (x) is 6.78.

KPI	Values
P/E (x)	6.78
Market Cap (₹ Cr.)	2739.76
ROE	22.64%
Debt/Equity	8.03
EPS (Rs)	4.52
RoNW	20.22%