Utkarsh Small Finance Bank IPO Date, Review, Price, Allotment, Analysis

Utkarsh Small Finance Bank has headquarters located in Varanasi, Uttar Pradesh, and has over the years expanded our SFB operations strategically in States where they have been able to leverage the prior microfinance experience of Utkarsh CoreInvest Limited. The company operations are spread across India and are present in 22 States and Union Territories with 686 Banking Outlets and 12,617 employees, as of March 31, 2022. As of March 31, 2022, 27.70% of our Banking Outlets were located in Unbanked Rural Centres (“URCs”) as against the regulatory requirement of 25% of banking outlets of SFBs to be located in URCs.

Utkarsh Small Finance Bank has asset products including micro banking loans that include joint liability group loans, and individual loans, retail loans that include unsecured loans, such as business loans and personal loans, and secured loans, such as loans against property (LAP), wholesale lending that includes short term and long term loan facilities to SMEs, mid and large corporates and institutional clients; (iv) housing loans with a focus on affordable housing, commercial vehicle or construction equipment loans; and gold loans that were launched in Fiscal 2022. The company had 3.14 million customers 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.

Given the legacy of Utkarsh CoreInvest Limited as a non-banking finance company-microfinance institutions (NBFC-MFI), microfinance remains a focused business segment for our Bank. They have been diversifying our 154 product portfolio to include non-micro banking loans allowing us to reduce dependence on our microfinance business and grow our secured loan portfolio. They are also offering a range of financial products and services that address the specific requirements of our customer segments while assessing factors including income profile and the type of security available.

Objects of the Issue

• Requirement of Funds and Utilization of Net Proceeds

Utkarsh Small Finance Bank IPO Review (Apply or Not)

• May Apply

Brokerage Firm IPO Review

• HENSEX Securities: Apply
• Reliance Securities: Apply

Utkarsh Small Finance Bank IPO Date & Price Band Details

Utkarsh SFB IPO Market Lot

The Utkarsh Small Finance Bank IPO minimum market lot is 600 shares with ₹15,000 application amount. The retail investors can apply up-to 13 lots with 7800 shares or ₹195,000 amount.

Utkarsh Small Finance Bank IPO Allotment & Listing Dates

The Utkarsh Small Finance Bank IPO date is 12 July 2023 and the close date is 14 July 2023. The Utkarsh Small Finance Bank IPO allotment will be finalized on 19 July 2023 and the IPO listing on 24 July 2023.

You can check IPO subscription status and IPO allotment status on their respective pages.

Utkarsh Small Finance Bank IPO Form

How to apply for the Utkarsh Small Finance Bank IPO? You can apply for Utkarsh Small Finance Bank IPO via ASBA available in your bank account. Just go to the online bank login and apply via your bank account by selecting the Utkarsh Small Finance Bank IPO in the Invest section. The other option is you can apply for Utkarsh Small Finance Bank IPO via IPO forms downloaded via NSE and BSE. Check out the Utkarsh Small Finance Bank forms – Click BSE Forms & NSE Forms blank IPO forms download, fill, and submit in your bank or with your broker.

Utkarsh Small Finance Bank Company Financial Report

Utkarsh Small Finance Bank IPO Valuation – FY2022

Check Utkarsh Small Finance Bank IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.

Peer Group

• Equitas Small Finance Bank
• Ujjivan Small Finance Bank Limited
• Credit Access Grameen Limited
• Spandana Sphoorty Financial Limited
• Bandhan Bank Limited
• AU Small Finance Bank Limited
• Suryoday Small Finance Bank

Company Promoters

• Utkarsh CoreInvest Limited

Utkarsh Small Finance Bank IPO Registrar

Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: [email protected]
Website: https://ris.kfintech.com/ipostatus/

Utkarsh Small Finance Bank IPO Allotment Status Check

Check Utkarsh Small Finance Bank IPO allotment status on Kfin Technologies website allotment URL. Click Here

Utkarsh Small Finance Bank IPO Lead Managers aka Merchant Bankers

• ICICI Securities Limited
• Kotak Mahindra Capital Company Limited

Company Address

Utkarsh Small Finance Bank Limited
Utkarsh Tower, NH – 31 (Airport Road),
Sehmalpur, Kazi Sarai, Harhua,
Varanasi – 221 105
Phone: +91 542 660 5555
Email: [email protected]
Website: https://www.utkarsh.bank/

Utkarsh Small Finance Bank IPO FAQs

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