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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.
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%).
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.
Utkarsh Small Finance Bank IPO Timetable (Tentative)
Utkarsh Small Finance Bank IPO opens on Jul 12, 2023, and closes 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.
Utkarsh Small Finance Bank IPO Promoter Holding
The promoter of the Bank is Utkarsh CoreInvest Limited.
Company Financials
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.
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