The fastest growing india’s profitable Small Finance Bank (SMF) Bank company Utkarsh Small Finance Bank IPO will be hit the 12 July 2023 and closes on 14 July 2023. According to RHP, the company wants to raise ₹500 crore through IPO. The company will issue fresh shares of ₹500 crores through this IPO and will issue shares through offer for sale of – crores.
The company has reserved 75% for QIB, 15% for retail and 10% for NII in this IPO.
■ Update :
- The Company has filed the first time DRHP of this IPO dated (13 July 2021) to raise ₹1,350 Cr which included a fresh issue worth ₹750 crore and offer-for-sale (OFS) of ₹600 crore.
- The Company has re-filed the DRHP of this IPO dated (02 August 2022) to raise ₹500.
- According to DRHP, The company has slashed its issue size by 63% to raise ₹500 crore.
- SEBI Approved the IPO of dated 21 October 2022.
Utkarsh Small Finance Bank India is one of the most profitable small finance banks in the country. It is headquartered in the Varanasi district of Uttar Pradesh, and the vision of the bank is to provide good banking facilities to the underprivileged sections and especially in the states of Uttar Pradesh and Bihar. you can check Utkarsh Small Finance Bank GMP here.
Utkarsh Small Finance Bank has business in 22 states and union territories. . It has 686 banking outlets and 12,617 employees as of March 31, 2022. The net profit of Utkarsh Small Finance Bank has increased during the last three financial years.
The company 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. The company operations are focused in rural and semi-urban areas and as of March 31, 2022. you can check Utkarsh Small Finance Bank Subscription here.
The company has 3.14 million customers (both deposit and credit) 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. As of March 31, 2022, these states constituted 34.27%, 26.53% and 7.10% of our total Gross Loan Portfolio (based on location of the Banking Outlet), respectively.
| Read also: Upcoming IPO List 2023 |
The company is also focused on further strengthening our presence in newer geographies in addition to existing states where we operate by entering into arrangements with business correspondents (“BCs”) and direct selling agents (“DSAs”) and as of March 31, 2022. The company has tie-ups with 10 BCs to source customersand 187 DSAs to grow our asset portfolio.
Object Of the Issue :
- Gross proceeds of the Issue
- The Issue expenses
Company Strengths :
- 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
- Leadership complementing our strengths
Utkarsh Small Finance Bank IPO Review :
| Details | Valuation |
| PAT 2023 : Issue Price : EPS 2023 : PE Ratio : RoNW : NAV Value : Total Assets : Market Cap : Pre Holding : Post Holding : | ₹404.50 Cr (March 2023) ₹25/ EQ (Cut Off) 4.52 (March 2023) 5.53x (PE Approx) 20.22 (March 2023) ₹22.33 (March 2023) ₹19,117.54 Cr (Mar 2023) ₹2239.76 Cr 84.75% 74.20% |
| Team Review : | ✔ Apply For Long Term |
Utkarsh Small Finance Bank IPO Date & Price Band & Details :
| IPO Open : | 12 July 2023 |
| IPO Close : | 14 July 2023 |
| IPO Size : | ₹500. Cr {2,00,000,000 Shares} |
| Face Value : | ₹10 Rs. Equity Share |
| Price Band : | ₹23 – ₹25 Per Share |
| Listing On : | BSE, NSE |
| Issue Size : | ₹500. Cr |
| Fresh Issue : | ₹500. Cr {2,00,000,000 Shares} |
| Offer For Sale : | ₹-. Cr |
Utkarsh Small Finance Bank IPO Market Lot :
Utkarsh Small Finance Bank IPO Minimum Market lot is 1 Lot with 600 shares with ₹15000 Application amount. The retail investors can apply up to 13 lots with 7800 Shares or ₹195,000 amounts.
| Application | Lot | Shares | Amount |
| Retail Minimum : | 1 | 600 | ₹15,000 |
| Retail Maximum : | 13 | 7800 | ₹195,000 |
| S-HNI Minimum : | 14 | 8400 | ₹210,000 |
| S-HNI Maximum : | 66 | 39600 | ₹9,90,000 |
| B- HNI Minimum : | 67 | 40,200 | ₹10,05,000 |
Utkarsh Small Finance Bank IPO Shares Offer :
A Total of 2,00,000,000 shares are to be bid for the public issue by Utkarsh Small Finance Bank IPO with 200,000,000 for Fresh issue and – for offer for sale – Shares.
| Category | Shares Offers | Amount |
|---|---|---|
| Fresh issue : | 200,000,000 | ₹500.00 Cr |
| Offer For Sale : | – | ₹ |
| Total : | 200,000,000 | ₹500.00 Cr |
Utkarsh Small Finance Bank IPO Reservation :
Utkarsh Small Finance Bank IPO Total Reservation of 200,000,000 shares are to be bid for the public issue by Utkarsh Small Finance Bank IPO with 1,50,000,000 for QIB and 30,000,000 for NII 20,000,000 For RII & – Shares EMP.
| Category | Reservation | Shares | Amount |
|---|---|---|---|
| QIB : | 75% | 1,50,000,000 | ₹375.00 Cr |
| NII : | 15% | 30,000,000 | ₹75.00 Cr |
| RII : | 10% | 20,000,000 | ₹50.00 Cr |
| EMP : | – % | – | ₹ |
| Total : | 100% | 200,000,000 | ₹500.00 Cr |
Stitched Textiles IPO EPS :
The Stitched Textiles company’s EPS growth is Increasing last year, which is shown to you in the table here.
| Year | EPS Growth in (Rs.) | RoNW |
|---|---|---|
| 2023 | ₹4.52 | 20.22 % |
| 2022 | ₹0.70 | 3.91 % |
| 2021 | ₹1.46 | 8.17 % |
Stitched Textiles IPO Peer Comparison PE :
The Stitched Textiles, According to DRHP of the company few company is listed whose PE Multiple is shown in this table.
| Sr. No. | Company | PE Ratio |
| 1. | Equitas Small Finance Bank | 19.61 |
| 2. | Ujjivan Small Finance Bank | 6.93 |
| 3. | Credit Access Grameen Ltd | 24.13 |
| 4. | Spandana Sphoorty Financial Ltd | 403.33 |
| 5. | Bandhan Bank Ltd | 16.51 |
| 6. | AU Small Finance Bank | 35.36 |
| 7. | Suryoday Small Finance Bank | 22.90 |
| 8. | Fusion Micro Finance ltd | 13.50 |
Utkarsh Small Finance Bank IPO Dates :
Utkarsh Small Finance Bank IPO Date is 12 July 2023 and closes on 14 July 2023. The allotment will be finalized on 19 July 2023 and the IPO may list on 24 July 2023.
| Open Date : | 12 July 2023 |
| Close Date : | 14 July 2023 |
| Allotment Date : | 19 July 2023 |
| Refund Date : | 20 July 2023 |
| Share Credit Date : | 21 July 2023 |
| Listing Date : | 24 July 2023 |
| Read also:- Share Buyback List 2023 |
Utkarsh Small Finance Bank IPO Form :
There are two ways to apply in Utkarsh Small Finance Bank IPO. You can apply for Utkarsh Small Finance Bank IPO through ASBA available in your bank account. You have to go to your online bank login and select Utkarsh Small Finance Bank IPO in the Invest section and apply through your bank account. Another option is you can apply for Utkarsh Small Finance Bank IPO through IPO form download through NSE and BSE. See the Utkarsh Small Finance Bank IPO Form – Download the NSE Form and BSE Form IPO Form, fill it, and submit it to your bank or your broker.
Utkarsh Small Finance Bank Company Financial Report (Crore) :
| Year | Revenue | Expense | PAT |
| 2023 | ₹2,804.29 | ₹2,399.78 | ₹404.50 |
| 2022 | ₹2,033.65 | ₹1,972.18 | ₹61.46 |
| 2021 | ₹17,05.83 | ₹1,594.02 | ₹111.82 |
| Read also:- Rights issue list 2023 |
Company Promoters :
■ Mr. Parveen Kumar Gupta
Quick Link :
■ DRHP Draft Prospectus
■ RHP Draft Prospectus
Utkarsh Small Finance Bank IPO Lead Managers :
■ ICICI Securities Limited
■ Kotak Mahindra Capital Company Limited
Utkarsh Small Finance Bank IPO Registrar :
KFin Technologies Limited
Selenium, Tower-B, Plot 31 & 32,
Financial District, Nanakramguda,
Serilingampally Hyderabad,
Rangareddi 500 032, Telangana, India
Tel: +91 40 6716 2222 / 1800 345 4001
E-mail: [email protected]
Investor grievance e-mail: [email protected]
Website: www.kfintech.com
Note: Check Utkarsh Small Finance Bank IPO allotment status Visit IPOBAZAR Allotment Page And Search Your Registrar IPO Allotment Link. Click Here
Company Address :
Utkarsh Small Finance Bank Limited
Utkarsh Tower, NH –31 (Airport Road),
Sehmalpur, Kazi Sarai, Harhua,
Varanasi 221105, Uttar Pradesh, India
Tel:+91 542660 5555
E-mail: [email protected]
Website:www.utkarsh.bank
Utkarsh Small Finance Bank IPO FAQs :
What is Utkarsh Small Finance Bank IPO?
Utkarsh Small Finance Bank IPO is Mainboard IPO. They are going to raise ₹500. Crores via IPO. The issue is priced at ₹23-₹25 per equity share. The IPO to be listed on NSE, BSE.
When Utkarsh Small Finance Bank IPO will open?
The IPO is to open on 12 July – 14 July for QIB, NII & RII.
What is Utkarsh Small Finance Bank IPO Size?
Utkarsh Small Finance Bank IPO size is ₹500 Crores.
What is the Fresh issue size of Utkarsh Small Finance Bank IPO?
The Fresh issue size of Utkarsh Small Finance Bank IPO ₹500.00 Cr.
What is the Offer For Sale size of Utkarsh Small Finance Bank IPO?
The Offer For Sale size of Utkarsh Small Finance Bank IPO ₹0 Cr.
What is Utkarsh Small Finance Bank IPO Price Band?
Utkarsh Small Finance Bank IPO Price Band is ₹23-₹25 Per share.
What is Utkarsh Small Finance Bank IPO Minimum and Maximum Lot Size?
The minimum bid is 1 Lot 600 Shares with ₹15,000 amount while the maximum bid is 13 Lot 7800 shares with ₹195,000.
What is Utkarsh Small Finance Bank IPO Investors Portion?
The investors’ portion for QIB 75%, NII 15%, RII 10%.
What is Utkarsh Small Finance Bank IPO Allotment Date?
Utkarsh Small Finance Bank IPO allotment date is 19 July 2023.
What is Utkarsh Small Finance Bank IPO Listing Date?
Utkarsh Small Finance Bank IPO listing date is 24 July 2023. The IPO to list on NSE, BSE.
How to Apply the Stitched Textiles IPO through Zerodha?
Log in to Console in Zerodha Website. Go to Portfolio and Click on IPO. You will see the IPO Name “Stitched Textiles IPO”. Click on Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate.
How to Apply the Stitched Textiles IPO through Upstox?
Log in to Upstox Website or app. Go to Portfolio and Click on IPO. You will see the IPO Name “Stitched Textiles IPO”. Click on Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate.
How to Apply the Stitched Textiles IPO through Groww?
Log in to Groww Website or app. Now you can see IPOs and Click on IPO. You will see the IPO Name “Stitched Textiles IPO”. Click on Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate.
How to Apply the Stitched Textiles IPO through Paytm Money?
Log in to the Paytm Money Website or app. Now you can see Invest is IPOs Section and Click on IPO. You will see the IPO Name “Stitched Textiles IPO”. Click on Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate.
| Stitched Textiles IPO GMP: Click Here Stitched Textiles IPO Subscription: Click Here Stitched Textiles IPO Allotment: Click Here Stitched Textiles IPO Listing: Click Here |
All Utkarsh Small Finance Bank IPO related links are available here. If you want to know the details then click on Click Here Link.
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