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 |
Particulars | FY 20 | FY 21 | FY 22 |
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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
Risks and threats
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Utkarsh Small Finance Bank Ltd IPO details| Utkarsh Small Finance Bank Ltd IPO dateThe 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 BandThe 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 sizeThe 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:
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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:
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Open a demat account with Upstox to apply for the Utkarsh Small Finance Bank Ltd IPOTo 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 IPOApplying 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 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.
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.
You can apply on Upstox’s website and app, once the Utkarsh Small Finance Bank IPO opens for subscription.
The dates for the Utkarsh Small Finance Bank IPO haven’t been announced yet.
The details about the Utkarsh Small Finance Bank IPO’s lot size haven’t been announced yet.
The price band for the Utkarsh Small Finance Bank IPO isn’t available currently.
The size of the Utkarsh Small Finance Bank IPO has not been announced yet.
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.
The date for crediting Utkarsh Small Finance Bank shares to the demat account has not been announced yet.
Utkarsh Small Finance Bank shares will list on NSE and BSE.
The listing date has not been announced yet.