Utkarsh Small Finance Bank Ltd
Complete IPO details, including price band, financials, subscription status, and key insights.
Participate in the Utkarsh Small Finance Bank Ltd IPO with full transparency. Review issue details, company fundamentals, and financial performance, and apply securely through Alice Blue.
IPO Snapshot
Key metrics and details at a glance.
Price Band
₹25
Per ShareLot Size
600 Shares
Minimum Investment
₹15,000
Issue Size
₹0 Cr
Face Value
₹10
Per ShareIPO Type
Rights Issue
Retail Quota
0%
QIB Quota
0%
NII Quota
0%
IPO Timeline
Important dates for your applying strategy.
Subscription Status
Live demand across investor categories.
Track real-time subscription levels:
*Real-time data subject to exchange updates
Utkarsh Small Finance Bank Ltd
Business model, operations, and market positioning.
Issue Type
Rights Issue
ISIN
INE735W01017
Products & Services
- Utkarsh Small Finance Bank Limited is an SFB in India and recorded the third fastest Gross Loan Portfolio growth between Fiscal 2019 and Fiscal 2023 among SFBs with Gross Loan Portfolio of more than Rs. 60 billion.
Growth Strategy
- Continue diversifying its retail asset portfolio
- Grow retail deposits mix across geographies and customer segments to build stable funding source
- Increase share of fee income and capitalize on cross-selling opportunities
- Increasing use of technology and digital offerings for last mile delivery to customers
Customer Base
Wholesalers and Retailers
Financial Performance
Revenue, profit after tax and total assets across the last 3 reported financial years.
Revenue
Amount in ₹ crore
Profit After Tax (PAT)
Amount in ₹ crore
Total Assets
Amount in ₹ crore
Figures in ₹ crore, on a standalone basis, as reported for FY24 to FY26.
Objects of the Issue
How the company plans to utilize IPO proceeds.
Use of Proceeds
The funds raised through this IPO will be used for:
Initial public offer of 200,000,000 equity shares* of face value of Rs. 10 each ("Equity Shares") of Utkarsh Small Finance Bank Limited ("The "Bank") for cash at a price of Rs. 25 per equity share (including a share premium of Rs. 15 per equity share) (the "Issue Price") aggregating to Rs. 500.00 crores* (the "Issue"). The issue includes a reservation of 2,000,000 equity shares*, aggregating to Rs. 5.00 crores* (constituting 1% of the size of the issue), for subscription by eligible employees (the "Employee Reservation Portion"). The issue less the employee reservation portion is hereinafter referred to as the "Net Issue". The issue and the net issue shall constitute 18.25% and 18.07%, respectively, of the post-issue paid-up equity share capital of the bank. The face value of the equity shares is Rs. 10 each and the issue price is 2.50 times the face value of the equity shares. *Subject to finalisation of basis of allotment
*Subject to approvals and market conditions.
Strengths & Risks
Key competitive advantages and factors to consider before investing.
- Sound understanding of microfinance segment and presence in rural and semi-urban areas;
- Growing deposits with focus on retail deposits;
- Diversified distribution network with significant cross-selling opportunities;
- Focus on risk management and effective operations;
- Stable growth with cost efficient operational performance;
- The Bank is subject to stringent regulatory requirements and prudential norms of RBI and its inability to comply with such laws, regulations and norms may have an adverse effect on its business, results of operations, financial condition and cash flows.
- After the completion of the Issue, its Promoter will continue to hold substantial shareholding in the Bank.
- The bank is currently significantly dependent on its microbanking segment, particularly joint liability group ("JLG") loans, and any adverse developments in this segment could adversely affect its business, results of operations, financial condition and cash flows.
- The Bank business is vulnerable to interest rate risk, and any volatility in interest rates or inability to manage interest rate risk could adversely affect its Net Interest Margins, income from treasury operations, business, financial condition, results of operations and cash flows.
- The Bank Statutory Auditors have been debarred by the Reserve Bank of India from undertaking audit assignments for entities regulated by RBI for a period of two years with effect from April 1, 2022.