Utkarsh Small Finance Bank Limited

Utkarsh Small Finance Bank Limited

  • IPO Date12 Jul, 2023 to 14 Jul, 2023
  • Listing Date21 Jul, 2023
  • Face Value₹10 per share
  • Issue Price₹23 to ₹25 per share
  • Lot Size600 Shares
  • Minimum Investment₹15,000
  • Listing AtBSE, NSE
  • Total Issue Size20,00,00,000 Shares
    (aggregating up to ₹500.00 Cr)
  • Fresh Issue20,00,00,000 Shares
    (aggregating up to ₹500.00 Cr)
  • Offer for Sale-
  • Issue TypeBook Built Issue IPO
  • Share holding pre issue89,55,21,522
  • Shareholding post issue1,09,55,21,522
IPO Dates

Closing Date

14 Jul, 2023

Initiation of Refunds

21 Jul, 2023

Listing Date

21 Jul, 2023

12 Jul, 2023

Opening Date

19 Jul, 2023

Basis of Allotment

21 Jul, 2023

Credit of Shares

UPI Mandate Expiry Date:14 Jul, 2023

Utkarsh Small Finance Bank Limited Lot Size

The minimum lot size of this Utkarsh Small Finance Bank IPO is 600 shares required is ₹15,000.

ApplicationLotsSharesAmount
S-HNI (Max)6639600₹9,90,000
S-HNI (Min)148400₹2,10,000
Retail (Min)1600₹15,000
B-HNI (Min)6740200₹10,05,000
Retail (Max)137800₹1,95,000

Utkarsh Small Finance Bank Limited Promoter Holding

The promoter of the Bank is Utkarsh CoreInvest Limited.

Pre Issue Share HoldingPost Issue Share Holding
84.75%69.28%

Utkarsh Small Finance Bank Limited COMPANY INFORMATION

Utkarsh Small Finance Bank IPO is a Book Built Issue. The IPO total issue size is Rs 500.00 Cr. The Utkarsh Small Finance Bank IPO price is ₹23 to ₹25 per share. The IPO will list on BSE, NSE.

Incorporated in 2016, Utkarsh Small Finance Bank Limited is an SFB (Small Finance Bank) in India and recorded the second fastest AUM growth in the years Fiscal 2019 and Fiscal 2022 among SFBs with AUM of more than Rs. 50 billion. The bank extends its facilities to individuals and businesses to assist them with their financial requirements. The services offered by Utkarsh SFB include: Accounts and Deposits Cards Insurance and Investments Loans Ways to Bank Customers of Utkarsh Small Finance Bank Limited can avail of features like Top-up/Balance Transfer facility, Hassle-free processing with Easy Documentation Process, Avail loan up to Rs. 50 crores and Tenure up to 30 years, and efficient eligibility for salaried and self-employed individuals. The company has a diverse product portfolio and microfinance remain a focused business segment. The asset products of the entity include micro banking loans - joint liability group loans and individual loans retail loans - unsecured loans, and secured loans wholesale lending - short-term and longterm loan housing loans with a focus on affordable housing commercial vehicle/construction equipment loans gold loans

FAQs About Utkarsh Small Finance Bank Limited

Utkarsh Small Finance Bank Limited will open on 12 Jul, 2023 and close on 14 Jul, 2023. Investors must apply within this period to participate.

The Utkarsh Small Finance Bank Limited price band is set between ₹23.00 and ₹25.00 per share. The minimum lot size is 600, requiring an investment of at least ₹15000.00.

The Utkarsh Small Finance Bank Limited shares are expected to be listed on 21 Jul, 2023, subject to regulatory approvals and final allotment.

You can track your Utkarsh Small Finance Bank Limited application status on the registrar’s website: Link Intime or KFintech using your PAN, application number, or DP ID

The Utkarsh Small Finance Bank Limited will be listed on major stock exchanges such as NSE and BSE, where you can trade shares once they are listed.