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Utkarsh Small Finance Bank ipo

Utkarsh Small Finance Bank IPO

Utkarsh Small Finance bank’s issue comprises of a fresh issue worth Rs.750 crores and an offer for sale of equity shares worth Rs.600 crores. They als...

  • Status: Closed
  • RHP:
  • ₹ 13,800 / 600 shares

    Minimum Investment

IPO Details

  • Open Date

    12 Jul 2023

  • Close Date

    14 Jul 2023

  • IPO Price Range

    ₹ 23 to ₹ 25

  • IPO Size

    ₹ 500 Cr

  • Listing Exchange

    BSE, NSE

  • Listing Date

    24 Jul 2023

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IPO Timeline

Utkarsh Small Finance Bank IPO Subscription Status

Last Updated: 15 July 2023 12:35 AM by 5Paisa

Utkarsh Small Finance Bank Limited is an SFB (Small Finance Bank) in India its IPO opens on 12th July and closes on 14th July.

The issue consists of a total issue of 200,000,000 shares (aggregating up to ₹500.00 Cr). The price band for the issue is fixed at Rs.23 to Rs.25 per share. The lot size is set for 600 shares per lot. The shares will be allotted on the 19th of July and the issue will be listed on the 24th July on the stock exchanges.

The book-running lead manager to the offer are ICICI Securities Ltd, and Kotak Mahindra Capital Company Limited. Kfin Technologies Limited is the registrar of the IPO. Utkarsh CoreInvest Limited is the company promoter.

Objectives of Utkarsh Small Finance Bank IPO

The company intends to utilize the net proceeds from the issue towards the funding of the following objects:
1.    Augmenting its Tier-1 capital base to meet its future capital requirement
2.    Meeting the expenses in relation to the Issue.

Utkarsh Small Finance Bank IPO Video:

 

Utkarsh Small Finance Bank Limited is an SFB (Small Finance Bank) in India and recorded the second fastest AUM growth in Fiscal 2019 and Fiscal 2022 among SFBs with AUM of more than Rs. 50 billion. 

The company has a diverse product portfolio and microfinance remain a focused business segment.

Peer Comparison
●    Equitas Small Finance Bank
●    Ujjivan Small Finance Bank Limited
●    Credit Access Grameen Limited
●    Spandana Sphoorty Financial Limited
●    Bandhan Bank Limited
●    AU Small Finance Bank Limited
●    Suryoday Small Finance Bank

For More Information:
Webstory on Utkarsh Small Finance IPO
Utkarsh Small Finance Bank IPO GMP

Profit and Loss

Balance Sheet

Particulars (in Rs. Crores) FY22 FY21 FY20
Revenue 2,033.64 1,705.83 1,406.18
EBITDA 1,972.18 1594.02 1219.43
PAT 61.46 111.81 186.74
Particulars (in Rs. Crores) FY22 FY21 FY20
Total Assets 15,063.77 12,137.91 9,404.32
Share Capital - - -
Total Borrowings 2571.93 2,607.82 2675.03
Particulars (in Rs. Crores) FY22 FY21 FY20
Net cash generated from / (used in) operating activities 1,329.15 -83.46 115.20
Net cash from / (used in) investing activities -738.67 -532.44 -322.14
Net cash flow from / (used in) financing activities 111.34 171.67 1304.35
Net increase (decrease) in cash and cash equivalents 701.83 -444.23 1097.42


Strengths

1. Sound understanding of microfinance segment and presence in rural and semi-urban areas  
2. Growing deposits with a focus on retail deposits
3. Diversified distribution network with significant cross-selling opportunities
The bank had 686 Banking Outlets across 22 States and Union Territories covering 224 districts in India of which 434 Banking Outlets were located in rural and semi-urban areas (combined)
4. Stable growth with cost-efficient operational performance
 

Risks

1. The Bank is subject to stringent regulatory requirements and prudential norms of RBI and its inability to comply with such laws, regulations, and norms may have an adverse effect on the business, results of operations, financial condition, and cash flows. 
2. The bank is currently significantly dependent on its micro banking segment, particularly joint liability group (“JLG”) loans, and any adverse developments in this segment could adversely affect the business, results of operations, financial condition, and cash flows.
3. The Bank’s business is vulnerable to interest rate risk, and any volatility in interest rates or inability to manage interest rate risk could adversely affect the Net Interest Margins, income from treasury operations, business, financial condition, results of operations, and cash flows. 

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FAQs

The price band of Utkarsh Small Finance Bank IPO is Rs. 23 to Rs. 25 per share. 

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

The Utkarsh Small Finance Bank IPO opens on July 12, 2023 and closes on July 14, 2023.

The IPO comprises a total issue of 200,000,000 shares (aggregating up to ₹500.00 Cr)

The allotment date of Utkarsh Small Finance Bank IPO is 19th July 2023.

The listing date of Utkarsh Small Finance Bank IPO is 24th July 2023.

The book-running lead manager to Utkarsh Small Finance Bank IPO are ICICI Securities Ltd, and Kotak Mahindra Capital Company Limited

The company intends to utilize the net proceeds from the issue towards the funding of the following objects:
1.    Augmenting its Tier-1 capital base to meet its future capital requirement
2.    Meeting the expenses in relation to the Issue.
 

To apply for Utkarsh Small Finance Bank IPO, follow the steps given below:
●    Login to your 5paisa account and select the issue in the current IPO section    
●    Enter the number of lots and price at which you wish to apply for     
●    Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange    
●    You will receive a mandate notification to block funds in your UPI app