Utkarsh Small Finance Bank Limited

Company Profile
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.

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Summary of Financials (All financials in Lakh)

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

Tentative Timeline

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

Objects of the Issue

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.

Contact Information

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
Email shareholders@utkarsh.bank
Website https://www.utkarsh.bank/

Registrar Details

Name Kfin Technologies Limited
Phone 04067162222, 04079611000
Email utkarsh.ipo@kfintech.com
Website https://ris.kfintech.com/ipostatus/

IPO Reservation

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%)

Shareholding Pattern

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

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