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 four union territories with 830 banking outlets as on 31 March 2023. 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 88% 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:
Here’s a quick look at Utkarsh Small Finance Bank Ltd IPO’s strengths, weakness, opportunities and risks (SWOT analysis)
Strengths and opportunities
Risks and threats
Utkarsh Small Finance Bank Ltd IPO details
| Utkarsh Small Finance Bank Ltd IPO date
The company has filed its Draft Red Herring Prospectus with the market regulator SEBI. The offer document filed by the company with the SEBI mentions that the Utkarsh SFB IPO’s opening date – in other words, the Utkarsh SFB IPO launch date – will be 12th July 2023. The Utkarsh SFB IPO closing date is 14th July 2023. After this, investors will be updated about the allotment status on 19th July 2023.
Investors, who have been allotted shares, can expect them to be credited to their demat account on 21 July 2023. The Utkarsh SFB IPO listing date is 24 July 2023. The listing date is the date on which the shares of a company get listed on the bourses – NSE and BSE.
| Utkarsh Small Finance Bank Ltd IPO Price Band
The IPO is a fresh issue. The Utkarsh SFB IPO price band has been set between ₹23 and ₹25 per share. Interested investors can choose a price within this band to apply for the IPO.
The Utkarsh SFB IPO listing price will be determined on 24th July 2023. The listing price is the price at which a company’s shares debut on the stock exchanges.
| Utkarsh Small Finance Bank Ltd IPO Lot size
The Utkarsh SFB IPO details have been declared. The Utkarsh SFB IPO lot size is set at 600 shares and an investor can apply for a minimum of 1 lot. Meanwhile, the Utkarsh SFB IPO issue size is approx. ₹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:
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:
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:
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.
Pre-applying for the Utkarsh SFB IPO means applying for this public issue before it goes live. Click here to pre-apply for the Utkarsh SFB IPO on Upstox.
You can pre-apply for the Utkarsh SFB IPO from 11 July 2023. Once the IPO goes live, you will receive a UPI mandate. Accept this to block the IPO application amount and successfully place your bid.
You can apply on Upstox’s website and app, once the Utkarsh SFB IPO opens for subscription.
The Utkarsh SFB IPO launch date is 12th July 2023. The Utkarsh SFB IPO will be open for subscription till 14th July 2023.
The Utkarsh SFB IPO lot size is 600 shares and the minimum investment required is ₹13,800.
The Utkarsh SFB IPO price band is ₹23 – ₹25 per share.
The size of the Utkarsh SFB IPO is approx. ₹500 crore.
You can place up to three bids for an application.
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.
If shares are allotted, then they will be credited to your demat account on 21th July 2023.
Utkarsh Small Finance Bank shares will list on NSE and BSE
Utkarsh Small Finance Bank shares’ listing date is 24th July 2023