Utkarsh Small Finance Bank IPO – Review, Allotment, Subscription, Price, Date & more
Let’s have a detailed review of the company and analytics of the Utkarsh Small Finance Bank IPO release date, IPO offer price, subscription, Utkarsh Small Finance IPO allotment, grey market premium price and other details like the company’s background, its financial positions, its promoters and other related things.
|Face Value||Rs 10|
|Listing At||BSE, NSE|
|Min. Order Quantity||[●]|
|Fresh Issue||Rs 7,500 Million|
|Offer for Sale||Rs 6,000 Million|
|IPO Size||Rs 13,500 Million|
Utkarsh Small Finance IPO is listed at [●] premium. Check out the live share price by clicking on the below link.
|Utkarsh Small Finance Share Price – Live Performance|
Summary of Utkarsh Small Finance Bank IPO
They are among the most profitable SFBs in India and among the leading SFBs in terms of return on assets and had the highest return on equity among SFBs in India in Fiscal 2020.
Their Promoter, UCL, commenced its operations as a NBFC in Fiscal 2010 and was focused on providing microfinance to unserved or underserved segments and in particular in the states of Uttar Pradesh and Bihar.
They are headquartered in Varanasi, Uttar Pradesh and have over the years expanded their SFB operations strategically in states where they have been able to leverage the prior microfinance experience of UCL.
The Promoter of this company is UTKARSH COREINVEST LIMITED. The lead managers to the issue are ICICI Securities Limited, IIFL Securities Limited, Kotak Mahindra Capital Company Limited. The Registrar to this issue is KFin Technologies Private Limited.
Utkarsh Small Finance Bank IPO Date
The opening and the closing date of IPO of Utkarsh Small Finance Bank is not known yet.
Check out Related IPO Links:
|Utkarsh Bank IPO GMP|
|Allotment of Utkarsh Bank IPO|
Utkarsh Small Finance Bank IPO Subscription
|Day / Date||QIB||NII||RII||Total Subscription|
|1st Day –|
|2nd Day –|
|3rd Day –|
|Shares Offered or Net Issue|
he shares subscribed by the public will be updated here.
Check Utkarsh Small Finance IPO LIVE Subscription
- Utkarsh Small Finance IPO LIVE Bid details on BSE
- Utkarsh Small Finance IPO LIVE Bid details on NSE
For the Latest Bid details click on the above links.
Utkarsh Small Finance 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 Small Finance IPO Listing Date
Find the dates below on basis of allotment, refund, listing and more:
|Basis of Allotment Finalization||–|
|Credit of Shares to Demat Account||–|
|Share Listing Date||–|
Utkarsh Small Finance IPO Price Band / Cash Price
The face value of each share is Rs.10, and the cash price of the IPO is Rs.[●].
Utkarsh Small Finance IPO Size
This Initial Public Issue of [●] Equity Shares of Rs.10 each for cash at a price of Rs.[●] per equity share aggregating to Rs.13,500 million.
Utkarsh Small Finance IPO Share Offering
Fresh Issue: The Fresh Issue of [●] Equity Shares by their Company of Rs.2 each at a price of Rs.[●] per equity share aggregating to Rs.7,500 million,
Offer for Sale : Offer for sale of up to [●] Equity Shares by their Company of Rs.2 each at a price of Rs.[●] per equity share aggregating to Rs.6,000 million
Utkarsh Small Finance 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 Small Finance Share Price|
Utkarsh Small Finance IPO Grey Market Premium / GMP
The Utkarsh Small Finance Bank IPO Grey Market Premium price is Rs X, the Kostak rate is Rs X and the Subject to Sauda is X.
Utkarsh Small Finance Bank – Company Overview
Given the legacy of UCL as a NBFC-MFI, microfinance remains a focused business segment for their Bank. They have been diversifying their product portfolio to include non-micro banking loans allowing them to reduce dependence on their microfinance business and grow their secured loan portfolio.
They offer a range of financial products and services that address the specific requirements of their customer segments and while assessing factors including income profile and the type of security available.
Utkarsh Small Finance Bank Business Verticles
Their asset products include
(i) micro-banking loans that include joint liability group loans, individual loans and two-wheeler loans;
(ii) retail loans that includes unsecured loans, such as business loans and personal loans, and secured loans, such as loans against property (“LAP”) and vehicle loans;
(iii) wholesale lending that includes short term and long-term loan facilities to SMEs, mid and large corporates and institutional clients; and
(iv) housing loans with a focus on affordable housing.
Utkarsh Small Finance Bank – Financial Statements
A quick look into the past financial performance of the company to understand its performance of business and evaluate the growth prospectus:
|Amount (in INR & Million)|
|Profit After Tax||778.69||1,867.43||1,108.67||(774.23)|
Earnings per Equity Share (in Million)
As of March 31, 2018, 2019 and 2020 and as of September 30, 2020 their CRAR was 16.96% (Tier I capital of 12.46%), 24.14% (Tier I capital of 20.34%), 22.19% (Tier I capital of 19.41%) and 24.87% (Tier I capital of 19.02%), respectively. Their Bank’s provisioning and write-off policy is more stringent than norms prescribed by the RBI.
Utkarsh Small Finance Bank IPO – Promoters
The Promoter of this company is:
- UTKARSH COREINVEST LIMITED
List of Related Parties (Key Managerial Personnel)
- Mr. Mukund Barsagade, Chief Financial Officer
- Mr. Alok Pathak, Chief Risk Officer
- Ms. Nutan Rane, Company Secretary
- Mr. Sachin Patange, Chief Compliance Officer
Business strategies of Utkarsh Small Finance Bank:
- Continue diversifying their retail asset portfolio
- Grow retail deposits mix across geographies and customer segments to build stable funding source
- Increase share of fee income and capitalize on cross-selling opportunities
- Increasing use of technology and digital offerings for last mile delivery to customers
Utkarsh Small Finance Bank IPO Offer Details or Issue Details
|Particulars||No. Of Equity Shares|
|Equity Shares Offered||Up to [●] Equity Shares, aggregating up to Rs 13,500 million|
|Fresh Issue||Up to [●] Equity Shares, aggregating up to Rs 7,500 million|
|Offer for Sale||Up to [●] Equity Shares, aggregating up to Rs 6,000 million|
|Non-Institutional Category||Not less than [●] Equity Shares|
|Retail Category||Not less than [●] Equity Shares|
|Equity Shares outstanding prior to the Issue||759,272,222* Equity Shares|
|Equity Shares outstanding after the Issue||[●] Equity Shares|
Utkarsh Small Finance Bank IPO Issue Object
The Promoter Selling Shareholder shall be entitled to the proceeds from the Offer for Sale. Their Bank will not receive any proceeds from the Offer for Sale.
In terms of the RBI Licence and the SFB Licensing Guidelines, their Bank is required to list its Equity Shares on the Stock Exchanges within a period of three years from reaching a net worth of Rs.5,000 million.
Their Bank proposes to utilize the Net Proceeds from the Fresh Issue towards augmenting its Tier – 1 capital base to meet its future capital requirements. Further, the proceeds from the Fresh Issue will also be used towards meeting the expenses in relation to the Offer.
Additionally, their Bank expects to receive the benefits of listing the Equity Shares on the Stock Exchanges.
Utkarsh Small Finance Bank IPO – Basis of the 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:
- Deep understanding of microfinance segment and strong rural and semi-urban franchise;
- Fast growing deposits with strong retail liability franchise;
- Diversified distribution network with significant cross-selling opportunities;
- Robust risk management and effective operations resulting in superior asset quality; and
- High standards of corporate governance with experienced leadership team.
The relevant quantitative factors are:
|Basic & Diluted EPS||RONW (%)||NAV (Rs.)|
Utkarsh Small Finance Bank IPO: Industry Peers
|Listed Peers||Face Value (Rs.)||P/E||EPS Basic (Rs.)||Return on Net Worth (%)||NAV per share (Rs.)|
|Utkarsh Small Finance Bank Limited*||10||[•]||2.49||18.32%||13.43|
|Equitas Small Finance Bank||10||19.33||2.39||8.88%||26.05|
|Ujjivan Small Finance Bank Limited||10||15.50||2.19||11.05%||18.32|
|CreditAccess Grameen Limited||10||29.34||23.20||12.27%||189.90|
|Spandana Sphoorty Financial Limited||10||11.65||56.21||13.40%||408.29|
|Bandhan Bank Limited||10||17.40||18.78||19.90%||94.37|
|AU Small Finance Bank Limited||10||47.20||22.78||15.60%||142.20|
Utkarsh Small Finance Bank IPO Lead Managers
ICICI Securities Limited,
IIFL Securities Limited,
Kotak Mahindra Capital Company Limited
Utkarsh Small Finance Bank IPO Registrar to offer
|Registrar to the Offer|
|KFin Technologies Private Limited|
Plot 31 & 32, Financial District,
Hyderabad, Rangareddi 500 032,
Tel: +91 40 6716 2222 / 1800 345 4001
Investor grievance e-mail: firstname.lastname@example.org
Contact person: M. Murali Krishna
SEBI registration number: INR000000221
Utkarsh SFB IPO – Other Details
- Statutory Auditor – Haribhakti & Co. LLP
- Legal Counsel – Shardul Amarchand Mangaldas & Co
- Bankers to the Company – NA
Utkarsh Small Finance Bank IPO Review by Stock Brokers
|Top Stock Brokers Review||Company Reputation||Competitive Edge||Financial Statement||Popularity Index||Promoter Reputation|
Utkarsh Small Finance Bank IPO News