Utkarsh Small Finance Bank Ltd

₹-

per share

Bidding Dates

Min. Investment

Lot Size

Issue Size

IPO Timeline

Bidding starts

Bidding ends

Allotment finalisation*

Refund initiation*

Demat transfer

Listing

* Refund is a 7-10 days process. If you don’t get refund then please contact your bank.

About Utkarsh Small Finance Bank Ltd IPO

Headquartered in Varanasi, Utkarsh Small Finance Bank (SFB) is among the leading SFBs in the country. It focuses on providing microfinance to unserved and underserved segments. In October 2015, the promoter, Utkarsh CoreInvest, was granted in-principle approval from RBI to establish a Small Finance Bank. Subsequently, Utkarsh SFB was incorporated as a wholly-owned subsidiary in April 2016 and commenced its operations in January 2017.

The company has a presence in 22 states and union territories with 686 banking outlets as on 31 March 2022. Of which, over 27% of banking outlets are located in unbanked rural centres. It has a diversified product mix, with the top seven states accounting for 89% of the loan portfolio and 77% of total deposits.

Utkarsh Small Finance Bank IPO will be a fresh issue aggregating up to ₹500 crore. The money raised through the fresh issue of the Utkarsh Small Finance Bank IPO will be utilised towards augmenting Tier–1 capital base to meet its future capital requirements. Tier–1 capital measures a bank's financial strength and stability.

Here are some key details about the Utkarsh Small Finance Bank IPO:

Company Name	Utkarsh Small Finance Bank Ltd	Company Type	Private
Company Established On	2016	Utkarsh Small Finance Bank Ltd IPO Opening Date	TBA
Utkarsh Small Finance Bank Ltd IPO Closing Date	TBA	Utkarsh Small Finance Bank Ltd IPO Allotment Status	TBA
Credit of Shares to the Demat Account	TBA	Utkarsh Small Finance Bank Ltd IPO Listing Date	TBA
Utkarsh Small Finance Bank Ltd IPO Face Value	₹ 10 per share	Utkarsh Small Finance Bank Ltd IPO Lot Size	TBA
Utkarsh Small Finance Bank Ltd IPO Issue Size	TBA	Utkarsh Small Finance Bank Ltd IPO to be Listed on	BSE, NSE
Utkarsh Small Finance Bank Ltd IPO Price band	TBA

Financial snapshot

Particulars	FY 20	FY 21	FY 22
Revenue	₹1406 crore	₹1705 crore	₹ 2033 crore
Net Profit	₹ 186 crore	₹ 111 crore	₹ 61 crore

Here’s a quick look at Utkarsh Small Finance Bank Ltd IPO’s strengths, weakness, opportunities and risks (SWOT analysis)

Strengths and opportunities

Around 434 banking outlets are present in rural and semi-urban areas that offer growth potential. The share of the rural segment in banking credit is just 8% of the total credit, despite contributing 47% to India’s GDP.
Recorded 31.6% growth in assets under management (AUM) between FY19 to FY22.
The gross loan portfolio grew by 59% to ₹10,630 crore between FY20 to FY22. In the same period, net interest income increased by 45% to ₹1,060 crore.
Consistent increase in deposits from ₹5,235 crore in FY20 to ₹10,074 crore in FY22. Meanwhile, CASA to total deposits ratio improved from 13.5% to 22.3% during the same period.

Risks and threats

Along with growth in the loan portfolio, gross non-performing assets (NPAs) have also increased from 0.71% in FY20 to 6.10% in FY 22.
Bank is subject to stringent regulatory requirements, which, if not followed, will have adverse effects on the business and operations.
Volatility in interest rates or the inability to manage the interest rate risk will negatively affect the net interest margins of the bank.

Utkarsh Small Finance Bank Ltd IPO details

| Utkarsh Small Finance Bank Ltd IPO date

The company has filed the Draft Red Herring Prospectus (DRHP) with the market regulator SEBI. But the Utkarsh Small Finance Bank IPO’s opening date – in other words, the Utkarsh Small Finance Bank IPO launch date – hasn’t been announced yet. The Utkarsh Small Finance Bank IPO closing date also hasn’t been declared. Along with these dates, investors will be updated about the Utkarsh Small Finance Bank shares allotment date.

Investors, who receive an allotment, can expect Utkarsh Small Finance Bank shares to be credited in their demat account after the allotment date. Besides this, the Utkarsh Small Finance Bank IPO listing date hasn’t been announced yet. The listing date is the date on which the shares of a company get listed on the bourses – NSE and BSE. Stay tuned with Uptox for all the key updates about the Utkarsh Small Finance Bank IPO.

| Utkarsh Small Finance Bank Ltd IPO Price Band

The Utkarsh Small Finance Bank IPO is a book-built issue. The Utkarsh Small Finance Bank IPO price band hasn’t been set yet. The price band is a price range within which investors can apply for the IPO. When the Utkarsh Small Finance Bank IPO opens, interested investors will have to choose a price within the band to apply for the public issue.

Also, the Utkarsh Small Finance Bank IPO listing price will be determined on the listing date. The listing price is the price at which the shares of a company make their debut on the stock exchanges.

| Utkarsh Small Finance Bank Ltd IPO Lot size

The Utkarsh Small Finance Bank IPO details haven’t been declared. Hence, the Utkarsh Small Finance Bank IPO lot size also hasn’t been announced yet. It’s important to note that an investor can apply for a minimum of 1 lot. Meanwhile, according to the DRHP, the Utkarsh Small Finance Bank IPO issue size could be around ₹500 crore.

How to apply for the Utkarsh Small Finance Bank Ltd IPO?

If you are interested in this investment opportunity but unsure how to apply for the Utkarsh Small Finance Bank IPO, here we are listing out the steps for you.

When the public issue opens for subscription, one can follow this step-by-step guide on how to apply for the Utkarsh Small Finance Bank IPO on Upstox:

Login to your Upstox account, using your six-digit PIN
After successfully logging in, click on ‘Discover’
On the Discover tab, you will find the ‘Invest in IPO’ section
Under the Invest in IPO section, look for the ‘Utkarsh Small Finance Bank IPO’ tab and click on it
Now fill in all the required information, like ‘bid price’ and ‘lot size’
Confirm and click on ‘Apply’
Accept the mandate on your UPI app

How to check the Utkarsh Small Finance Bank Ltd IPO allotment status?

When the allotment process is completed, you can check the status of your application on the Upstox app. Share allotment is generally done around five to six days after an IPO closes.

Here’s a step-by-step guide on how to check the Utkarsh Small Finance Bank IPO allotment status:

Login to your Upstox account, using your six-digit PIN
After successfully logging in, click on ‘Discover’
On the Discover page, you will find the ‘Invest in IPO’ section
Under the Invest in IPO section, you will find the ‘View all’ option
Once you click on ‘View all’, you will be directed to the ‘IPO’ tab
In the ‘IPO’ tab, click on ‘My applications’
In ‘My applications’, under the History section, your Utkarsh Small Finance Bank IPO allotment status will be mentioned

Allotment Status

Open a demat account with Upstox to apply for the Utkarsh Small Finance Bank Ltd IPO

To apply for the Utkarsh Small Finance Bank IPO, you need to mandatorily have a demat account. A demat account helps you hold the shares you buy in a dematerialised format. If you don’t have a demat account yet, you can open one with Upstox by visiting our website or by downloading the app.

Here is a step-by-step guide on how to open a demat account with Upstox:

Click here to visit the demat account opening page on the Upstox website.
Enter your phone number and other essential details to begin opening a demat account.
Upload the scanned copies of your PAN, Aadhaar card, a cancelled cheque, and your bank statement as needed.
Complete the e-verification using the OTP sent to your registered mobile number.

This is all it takes to open a demat account with Upstox. Easy and quick, right?

Upstox – trading app to apply for the Utkarsh Small Finance Bank Ltd IPO

Applying for IPOs with Upstox is extremely easy. The user-friendly interface and top-notch security make Upstox one of the leading trading apps in India.

You can apply for the Utkarsh Small Finance Bank IPO on Upstox, provided you have a demat account. As mentioned in the previous section, you can simply follow the steps to open a demat account with Upstox. The biggest advantage is that when you apply for an IPO using your Upstox account, the brokerage charges are zero.

In fact, courtesy of its robust features and minimal charges, Upstox is among the most preferred trading apps. Lakhs of Indians trust Upstox as it is a reliable trading platform that makes IPO applications easy.

IPO analysis

Registrar information

Name

KFin Technologies Private Limited

Phone number

+91 40 6716 2222

Email ID

utkarsh.ipo@kfintech.com

Red herring prospectus

View documents submitted by company in filing to understand more details about them.

FAQs

What is the pre apply date of Utkarsh Small Finance Bank IPO ?

Pre-applying for the Utkarsh Small Finance Bank IPO means applying for this public issue before it goes live. However, pre-apply for the Utkarsh Small Finance Bank IPO isn’t open currently.

When does pre-apply for the Utkarsh Small Finance Bank IPO open and how can you pay for it?

The pre-apply for the Utkarsh Small Finance Bank IPO usually begins two days before the launch date. After pre-applying, once the IPO goes live, you will receive a UPI mandate. Accept this to block the IPO application amount and successfully place your bid.

How to apply for the Utkarsh Small Finance Bank IPO?

You can apply on Upstox’s website and app, once the Utkarsh Small Finance Bank IPO opens for subscription.

When does the Utkarsh Small Finance Bank IPO open and close for the subscription?

The dates for the Utkarsh Small Finance Bank IPO haven’t been announced yet.

What’s the lot size and minimum investment needed for the Utkarsh Small Finance Bank IPO?

The details about the Utkarsh Small Finance Bank IPO’s lot size haven’t been announced yet.

What is the price band for the Utkarsh Small Finance Bank IPO?

The price band for the Utkarsh Small Finance Bank IPO isn’t available currently.

What’s the size of the Utkarsh Small Finance Bank IPO?

The size of the Utkarsh Small Finance Bank IPO has not been announced yet.

How many bids can I place for the Utkarsh Small Finance Bank IPO?

You can place up to three bids for an application.

Can these bids be placed at different times during the IPO subscription period?

No, the bids have to be placed at one go. If you want to add an additional bid, then you would have to delete your application and re-apply.

When will Utkarsh Small Finance Bank shares be credited to your demat account?

The date for crediting Utkarsh Small Finance Bank shares to the demat account has not been announced yet.

Which exchanges will Utkarsh Small Finance Bank shares list on?

Utkarsh Small Finance Bank shares will list on NSE and BSE.

When will Utkarsh Small Finance Bank shares list on the exchanges?

The listing date has not been announced yet.