What is the issue size of Utkarsh Small Finance Bank IPO?

The issue size of the Utkarsh Small Finance Bank IPO is Rs 500 cr.

What is 'pre-apply' for Utkarsh Small Finance Bank IPO?

Pre-apply will alow you to apply for the Utkarsh Small Finance Bank IPO 2 days before the subscription period starts.

If I pre-apply for Utkarsh Small Finance Bank IPO, when will my order get placed?

Your order will be placed on the exchange as soon as the Utkarsh Small Finance Bank IPO bidding starts. You will receive a UPI request within 24 hours after the bidding period opens.

When will I know if my Utkarsh Small Finance Bank IPO order is placed?

We will notify you when your Utkarsh Small Finance Bank IPO order is placed with the exchange.

What are the open and close dates of the for Utkarsh Small Finance Bank IPO?

Utkarsh Small Finance Bank IPO will be open between 12 July - 14 July, 2023.

What is the lot size and minimum order quantity of the Utkarsh Small Finance Bank IPO?

The Utkarsh Small Finance Bank Limited IPO lot size is 600 shares.

What are the allotment dates for the Utkarsh Small Finance Bank IPO?

Utkarsh Small Finance Bank IPO allotment date is 19 July, 2023. For Utkarsh Small Finance Bank IPO allotment status check, you can visit the website of the registrar of the IPO.

Who is the registrar of Utkarsh Small Finance Bank IPO?

Utkarsh Small Finance Bank IPO registrar is Kfin Technologies Limited. You can check Utkarsh Small Finance Bank IPO allotment status on the website of the registrar.

Where is the Utkarsh Small Finance Bank IPO getting listed?

The shares are proposed to be listed on BSE and NSE.

Utkarsh Small Finance Bank IPO

Utkarsh Small Finance Bank Limited

₹13,800 /600 sharesMinimum Investment

Utkarsh Small Finance Bank IPO Listing DetailsListed OnIssue PriceListing PriceListing Gains
BSE & NSE₹25.00₹38.00₹13.00 (52.00%)
Utkarsh Small Finance Bank IPO DetailsBidding DatesMin. InvestmentLot SizePrice Range
12 Jul ‘23 - 14 Jul ‘23₹13,800600₹23 - ₹25
Issue SizeIPO Doc
500.00CrRHP PDF
Subscription Status As on 14 Jul '23, 5:25 PMQualified Institutional Buyers
124.85x
Non-Institutional Investor
81.64x
Retail Individual Investor
72.10x
Employees
16.58x
Total
101.91x
About Utkarsh Small Finance BankUtkarsh SFB is a prominent Small Finance Bank in India, with its headquarters located in Varanasi. The bank has an extensive presence across 18 states and union territories, with a network of 528 banking outlets and over 8,700 employees. Utkarsh SFB provides affordable banking services, including loans, accounts, deposits, and investments, to meet the everyday needs of its customers throughout the country.
Since its incorporation in 2016, microfinance remained a key focus for the bank. However, it has diversified its product portfolio to include various financial offerings such as unsecured business and personal loans and secured loans like loans against property (LAP). Wholesale lending is another significant offering, providing short-term and long-term loan facilities to SMEs, mid and large corporates, and institutional clients.
;
Parent Organisation
Utkarsh Small Finance Bank Limited
Founded
2016
Managing Director
Mr. Govind Singh
Strengths & Risks
Utkarsh Small Finance Bank recorded the second fastest AUM growth between 2019 and 2022 among SFBs, with an AUM of over Rs. 5,000 crores.
From March 31, 2020, to March 31, 2021, their customer count increased from 28 lakh to 29 lakh and further grew to 0.31 lakh by March 31, 2022. 
The bank's total deposits have also exhibited growth. As of March 31, 2020, their deposits stood at Rs. 5,235.21 crores which increased to Rs. 7,507.57 crores by March 31, 2021 and rose to Rs. 10,074.18 crores by March 31, 2022. 
In 2022, the bank introduced gold loans as a new addition to its diverse range of products. 
The bank's CASA franchise, representing current and savings accounts, also experienced growth. The CASA deposits increased from Rs. 706.66 crores in 2020 to Rs. 1,326.99 crores in 2021 and climbed to Rs. 2,253.29 crores by 2022. 
The bank's expanding customer base has driven the diversification of its deposit franchise. The retail deposit base grew from Rs. 1,814.52 crores in 2020 to Rs. 2,990.52 crores in 2021 and further increased to Rs. 3,755.36 crores by 2022.
The bank has branches in 18 states and union territories, with a network of 528 banking outlets. 
Utkarsh Small Finance Bank significantly depends on its micro-banking segment, particularly joint liability group loans. Any negative developments in this segment could adversely affect the bank's business, financial condition, and cash flows. 
The Reserve Bank of India has debarred the bank's statutory auditors from undertaking audit assignments for RBI-regulated entities for 2 years starting April 1, 2022.
The bank experienced a decline in disbursements from March 31, 2020, to March 31, 2021 (but observed an increase by March 31, 2022).
There is a possibility of higher Non-Performing Assets (NPAs) than expected due to borrowers' reduced ability to make timely repayments.
Operational risks, including fraud, petty theft, and embezzlement, threaten the bank as it handles significant amounts of cash. These risks could harm the bank's financial position and overall results of operations.
In the past, the bank experienced delays in making certain disclosures and regulatory filings to BSE. Any failure or delay in complying with laws and regulations in the future could adversely affect the bank's business, financial condition, and cash flows.
The bank has experienced negative cash flow from operating activities in 2021.
Financials
*All values are in Rs. Cr
No Graph Data To Display
Application detailsApply asPrice bandApply upto
Regular₹23 - 25₹2 Lakh
Employee₹23 - 25₹2 Lakh
High Networth Individual₹23 - 25₹2 - 5 Lakh
For Utkarsh Small Finance Bank IPO, eligible investors can apply as Regular & Employee.

Listed On	Issue Price	Listing Price	Listing Gains
BSE & NSE	₹25.00	₹38.00	₹13.00 (52.00%)

Bidding Dates	Min. Investment	Lot Size	Price Range
12 Jul ‘23 - 14 Jul ‘23	₹13,800	600	₹23 - ₹25

Issue Size	IPO Doc
500.00Cr	RHP PDF

Apply as	Price band	Apply upto
Regular	₹23 - 25	₹2 Lakh
Employee	₹23 - 25	₹2 Lakh
High Networth Individual	₹23 - 25	₹2 - 5 Lakh

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