Utkarsh Microfinance IPO – Review, Allotment, Subscription, GMP & DRHP
Last Updated Date: Nov 16, 2022Let’s have a detailed review of the company and analytics of the Utkarsh Microfinance IPO release date, IPO offer price, subscription, Utkarsh Microfinance Limited IPO allotment, grey market price and other details like the company’s background, its financial positions, its promoters and other related things.
| Face Value | Rs 10 |
| Price Band | Rs 20 |
| Listing At | BSE, NSE |
| Min. Order Quantity | NA |
| Listing Date | NA |
| Offer for Sale | Rs Million |
| Fresh Issue | Rs Million |
| IPO Size | Rs 400 Lakhs |
| Tick Size | 1 |
Utkarsh Microfinance IPO is listed at [●] premium. Check out the live share price by clicking on the below link.
Utkarsh Microfinance IPO – Summary
Formerly Utkarsh Microfinance, this company now goes by the name Utkarsh CoreInvest Limited, and it promotes Utkarsh Small Finance Bank Limited. They had kick started its operations from the year 2009, precisely in September.
They provide financial and non-financial services precisely to the unbanked population, who require funds for multiple purposes.
The Promoter of this company is Mr.Sourabh Mahendra Shaw. The lead manager to the issue is SUN CAPITAL ADVISORY SERVICES PRIVATE LIMITED, and the Registrar to this issue is BIGSHARE SERVICES PRIVATE LIMITED.
Utkarsh Microfinance IPO Date
The opening and the closing date of IPO of Utkarsh Microfinance Limited is not available yet.
Utkarsh Microfinance IPO Subscription
| Day / Date | QIB | NII | RII | Total Subscription |
| 1st Day – | ||||
| 2nd Day – | ||||
| 3rd Day – | ||||
| Shares Offered or Net Issue |
The shares subscribed by the public will be updated here.
Utkarsh Microfinance IPO Allotment Status
Here, you can find the Allotment Status of this IPO.
Allotment of Equity Shares pursuant to the Fresh Issue and transfer of the Offered Shares of the Promoter Selling Shareholders pursuant to the Offer for Sale to the successful Bidders. However, the Allotment Status is not yet disclosed.
Utkarsh Microfinance Limited IPO Listing Date
Find the dates below on basis of allotment, refund, listing, and more:
| Basis of Allotment Finalization | – |
| Refunds Initiation | – |
| Credit of Shares to Demat Account | – |
| Share Listing Date | – |
Utkarsh Microfinance IPO Price Band / Cash Price
The face value of each share is Rs.10, but the price band of the IPO is Rs.[●]
Utkarsh Microfinance IPO Equity Size
This Initial Public Issue of 18,24,000 Equity Shares of Rs.10 each for cash at a price of Rs.[●] per equity share aggregating to Rs.[●] Million.
Utkarsh Microfinance IPO Share Offering
Fresh Issue: The Issue (excluding the Market Maker Reservation Portion) of [●] equity Shares of Rs.10/ each.
Issue Size: X Equity Shares of Rs.10 each, aggregating to Rs.[●] Million
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Utkarsh Microfinance IPO – Live Performance
The listing date of this IPO is [●]. You can check the live performance of the IPO here, only after it is listed on exchanges.
| Live IPO Performance – Utkarsh Microfinance Share Price |
Utkarsh Microfinance IPO Grey Market Premium
The Utkarsh Microfinance Limited IPO Grey Market Premium price is Rs X, the Kostak rate is Rs X and the Subject to Sauda is X.
Utkarsh Microfinance IPO – Company Overview
Utkarsh CoreInvest Limited, which was previously known as Utkarsh Microfinance is imposed withthe responsibility of catering for the promotional activities of the Utkarsh Small Finance bank, alongside rendering to the financial needs.
The company started with credit services, and then further expanded towards Housing Loans and Micro Pension Products, to the wide arena of product portfolio.
The company is entirely customer centric, as well as employee centric to ensure satisfaction of all parties. They are also involved in transparent and fair practices, which also ensuring to be high responsible. They services are reliable and are also highly responsive, as the company strives to attain maximum excellence.
Utkarsh Microfinance IPO – Financial Statements
A quick look into the past financial performance of the company to understand its performance of the business and evaluate the growth prospectus:
Financial Summary:
| Amount (in INR & Lakhs) | |||
| 30-Sep-20 | 31-Mar-20 | Mar-19 | |
| Total Assets | 293.77 | 4,217.18 | 3,331.59 |
| *Total Revenue | 300.21 | 4335.03 | 3,369.49 |
| Total Expense | 295.61 | 4,110.12 | 316.74 |
| Profit After Tax | 3.14 | 168.56 | 20.88 |
Earnings per Equity Share (in Million)
| 31-Mar-20 | Mar-19 | 31-Mar-18 |
|
| Basic | 3.43 | 4.11 | 4.90 |
| Diluted | 3.43 | 4.11 | 4.90 |
Further, their PAT for the period ended on March 31, 2020, March 31, 2019 and March 31, 2018 were Rs1,90,44,361, Rs.1,96,08,134 and Rs.36,60,556 respectively.
Utkarsh Microfinance IPO – Promoters
The Promoter of this company is:
- Mr. Sourabh Mahendra Shaw,
List of Related Parties (Key Managerial Personnel)
- Mr. Mahendra Madhairam Shaw
- Mrs. Kusum Shaw
- Mr. Mannvik Shaw
Utkarsh Microfinance IPO – Promoters Holding
- Mr. Sourabh Mahendra Shaw – 26,13,998 Eq Shares.
- Mr. Mahendra Madhairam Shaw – 18,72,120 Eq Shares.
- Mrs. Swati Sourabh Shaw – 4,50,668 Eq Shares.
Utkarsh Microfinance IPO Offer Details or Issue Details
| Particulars | No. Of Equity Shares |
| Equity Shares Offered | Up to X Equity Shares aggregating up to Rs.[●] Million |
| of which: | |
| Issue Reserved for the Market Makers | Up to [●] Equity Shares aggregating up to Rs.[●] Million |
| Net Issue to the Public | Up to [●] Equity Shares aggregating up to Rs.[●] Million |
| Of which: | |
| Retail Investors Portion | Not less than [●] Equity Shares |
| Other than Retail Individual Investors | Not more than [●] Equity Shares |
| Equity Shares outstanding prior to the Issue | X Equity Shares |
| Equity Shares outstanding after the Issue | X Equity Shares |
Utkarsh Microfinance IPO Issue Object
Their Company proposes to utilise the Net Proceeds towards funding the following objects:
1. To meet Working Capital requirements
2. General Corporate Purpose
3. To meet issue expenses
Utkarsh Microfinance IPO – Business Strategy
- Focus on Consultancy Business and spreading awareness about carbon neutrality
- Increase the use of technology to improve operational efficiency
- Expanding their customer base
- Creating awareness to reduce carbon emissions
Utkarsh Microfinance IPO – Basis of Offer Price
The issue price is determined by the company in consultation with the Lead manager on the basis of the following qualitative and quantitative factors.
Qualitative factors are:
- Quality Assurance, timely payment and delivery
- Broad customer base and Strong relationships with their customers
- Multiple Business verticals under one roof
- Qualified management team and employee base
The relevant quantitative factors are:
| Basic & Diluted EPS | RONW (%) | NAV (Rs.) | |
| 31-Mar-20 | 3.43 | 12.31 | 27.68 |
| 31-Mar-19 | 4.11 | 22.56 | |
| Mar-18 | 4.91 | 37.76 |
Utkarsh Microfinance IPO: Competitive Peers
| Face Value (Rs.) | P/E | EPS (Rs.) | Return on Net Worth (%) | Total Income (Rs. in Crores) | |
| Utkarsh Microfinance Limited | 10 | [●] | 8.86 | 73.11 | 20.43 |
| Listed Peers | |||||
| Mitcon Consultancy and Engineering Services Limited |
10 | 12.46 | 3.13 | 3.91% | 42.72 |
Utkarsh Microfinance IPO Lead Managers
| Lead Managers |
| SUN CAPITAL ADVISORY SERVICES PRIVATE LIMITED 302, 3rd Floor, Kumar Plaza, Near Kalina Market, Kalina Kurla Road, Santcruz East, Mumbai- 400029, Maharashtra, India Telephone: 022- 61786000 Email: kinnari@suncapital.co.in Investor grievance email: investorgrievance@suncapital.co.in Contact Person: Ms. Kinnari Mehta Website: www.suncapitalservices.co.in SEBI Registration number: INM000012591 CIN: U67190MH2006PTC159258 |
Utkarsh Microfinance IPO Registrar to offer
| Registrar to the Offer |
| BIGSHARE SERVICES PRIVATE LIMITED 1st Floor, Bharat Tin Works Building, Opp. Vasant Oasis, Makwana Road, Marol, Andheri (East), Mumbai 400059, India. Telephone: +91 22 6263 8200 Facsimile: +91 22 6263 8280 Email: ipo@bigshareonline.com Investor grievance email: investor@bigshareonline.com Contact Person: Mr. Babu Rapheal C. Website: www.bigshareonline.com SEBI Registration Number: INR000001385 CIN: U99999MH1994PTC076534 |
Utkarsh Microfinance IPO – Other Details
- Statutory Auditor – NA
- Legal Counsel to the Company – NA
- Bankers to the Company – NA
Utkarsh Microfinance IPO Review by Stock Brokers
| Top Stock Brokers Review | Company Reputation | Competitive Edge | Financial Statement | Popularity Index | Promoters Reputation |
| Angel Broking | 7.5/10 | 7.4/10 | 8.5/10 | 8.1/10 | 7.1/10 |
| Sharekhan | 7.2/10 | 7.1/10 | 8.6/10 | 8.1/10 | 7.2/10 |
| Kotak Securities | 7.3/10 | 7.5/10 | 8.4/10 | 8.1/10 | 7.3/10 |
| ICICI Direct | 7.3/10 | 7.3/10 | 8.7/10 | 8.1/10 | 7.1/10 |
| IIFL | 7.5/10 | 7.2/10 | 8.8/10 | 8.0/10 | 7.1/10 |
| Edelweiss | 7.5/10 | 7.4/10 | 8.4/10 | 8.3/10 | 7.2/10 |
| Zerodha | 7.4/10 | 7.1/10 | 8.5/10 | 8.1/10 | 7.0/10 |
| 5Paisa | 7.1/10 | 7.1/10 | 8.4/10 | 8.1/10 | 7.1/10 |
| Karvy | 7.4/10 | 7.3/10 | 8.2/10 | 8.1/10 | 7.1/10 |
| Motilal Oswal | 7.1/10 | 7.1/10 | 8.6/10 | 8.3/10 | 7.2/10 |
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Utkarsh Microfinance Limited IPO News
News 1 – Utkarsh Microfinance Limited IPO DRHP Download
News 2 – Utkarsh Microfinance IPO RHP Download
Utkarsh Microfinance IPO Review FAQs
Ques – What is the Issue Size of Utkarsh Microfinance IPO?
Answer – The Company is making an initial public offer of NA equity shares. We vividly portray the aspects of the issue in this article. You can check the stats on fresh issue, Offer for sale, and the net issue.
Ques – What is the Price band of Utkarsh Microfinance IPO?
Answer – The price band for this particular IPO, i.e. Utkarsh Microfinance IPO ranges between NA. As far as the face value of the share is of concern, it is Rs.10 per share.
Ques – What is the Utkarsh Microfinance IPO Open Date?
Answer – The opening and closing date for Utkarsh Microfinance IPO have been updated. The IPO is set to open on NA, while the closing date is set at NA.
Ques – What is the Utkarsh Microfinance IPO Allotment Date?
Answer – We also have the news regarding the respective allotment dates of Utkarsh Microfinance IPO. Basis of Allotment finalization is on NA, refund initiation is on NA, credit of shares is on NA and share listing date is on NA.
Ques – What is the Utkarsh Microfinance IPO Listing Date?
Answer – Shares of Utkarsh Microfinance shall be listed in the exchanges NA. Date when the listing would be done is stagnant on NA.
Ques – Who is the Registrar of Utkarsh Microfinance IPO?
Answer – One of the reputed registrars are managing the issue of Utkarsh Microfinance IPO, i.e. Bigshare Services Private Limited. Their website will help you regarding the further information you are on a lookout for.
Ques – Who is the Promoter of Utkarsh Microfinance IPO?
Answer – Here are the promoters of Utkarsh Microfinance – NA. You can refer to the RHP for further information on the promoter. You will find the link to RHP in the article.
Ques – What is GMP of Utkarsh Microfinance IPO?
Answer – We have obtained the GMP of Utkarsh Microfinance IPO and it is NA. The further insights of Kostak rate and subject to sauda or SS are as well included in this report.
Ques – Is Utkarsh Microfinance IPO good for Investment?
Answer – We have further provided the financial status of the company in this article, from the past few years. You can refer to the same, and also check the line of operations they are into and then decide to invest in the IPO.
Ques – What is the PAT of Utkarsh Microfinance Company?
Answer – We have the information of company financials, and according to that, we have the figures from the last few years to provide. PAT for the financial year 2020 in Million is NA, 2019 is NA, 2018 is NA. PAT from Sep 2020 is NA.
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