| Company Name | Utkarsh Small Finance Bank Limited |
| Open Date | 12-07-2023 |
| Close Date | 14-07-2023 |
| Exchange | NSE, BSE |
| Lot Size | 600 Shares |
| Issue Price | ₹23 to ₹25 per share |
| Issue Size | Aggregating up to 500 Cr. |
| Application Amount | Min. Inv. - ₹ 15,000 (600 shares) Max. Inv. - ₹ 1,95,000 (7800 shares) |
| Recommendation | Apply |
Company was incorporated in the year 2016 and has its registered office in Uttar Pradesh. The Company provides microfinance to unserved and underserved segments and in particular in the states of Uttar Pradesh and Bihar. The Operations of the company are spread across India and are present in 26 States and Union Territories with 830 Banking Outlets and 15,424 employees, as of March 31, 2023.
The Company has been diversifying product portfolio to include non-micro banking loans allowing them to reduce dependence on microfinance business and grow secured loan portfolio. As on March 31, 2023, Company had 15,424 employees as on payroll.
| For the Period Ended | Mar-23 | Mar-22 | Mar-21 |
| Total Assets | 19,11,754.20 | 15,06,377.00 | 12,13,791.20 |
| Net Assets | 2,00,032.00 | 1,57,230.00 | 1,70,584.00 |
| Total Borrowings | 2,34,947.50 | 2,57,193.50 | 2,60,782.50 |
| Total Revenue | 2,80,428.60 | 2,03,364.60 | 2,170,583.60 |
| Profit After Tax | 40,400.20 | 6,146.20 | 11,181.50 |
| Opening Date | 12/07/2023 |
| Closing Date | 14-07-2023 |
| Basis of Allotment | 19-07-2023 |
| Initiation of Refunds | 20-07-2023 |
| Credit of Shares to Demat | 21-07-2023 |
| Listing Date | 24-07-2023 |
| Augmenting its Tier - 1 capital base to meet its future capital requirements. |
| Proceeds from the Issue will also be used towards meeting the expenses in relation to the Issue. |
| Registered Office | Utkarsh Small Finance Bank Limited Utkarsh Tower, NH – 31 (Airport Road), Sehmalpur, Kazi Sarai, Harhua, Varanasi - 221 105 |
| Phone | +91 542 660 5555 |
| shareholders@utkarsh.bank | |
| Website | https://www.utkarsh.bank/ |
| Name | Kfin Technologies Limited |
| Phone | 04067162222, 04079611000 |
| utkarsh.ipo@kfintech.com | |
| Website | https://ris.kfintech.com/ipostatus/ |
| Anchor Investor Shares Offered | 8,91,00,000 (44.55%) |
| QIB Shares Offered | 5,94,00,000 (29.70%) |
| NII (HNI) Shares Offered | 2,97,00,000 (14.85%) |
| Retail Shares Offered | 1,98,00,000 (9.90%) |
| Employee Shares Offered | 20,00,000 (1.00%) |
| Total Shares Offered | 20,00,00,000 (100%) |
| Pre Issue Share Holding | 84.75% |
| Post Issue Share Holding | 69.28% |