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Utkarsh Small Finance Bank Limited IPO Date, Price, Review and Details

 

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Utkarsh Small Finance Bank Limited IPO

July 12, 2023 - July 14, 2023 Closed
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Utkarsh Small Finance Bank Limited IPO

Utkarsh Small Finance Bank Limited IPO was engaged in Utkarsh Small Finance Bank Limited is a Small Finance Bank in India that experienced the second highest growth in Assets Under Management (AUM) in Fiscal years 2019 and 2022, among Small Finance Banks with AUM exceeding Rs. 50 billion. Their Board consists of individuals with varied expertise from different industries, and their Independent Directors offer valuable strategic guidance to enhance and expand their operations. Their goal is to create and provide a wide range of assets and liabilities products that will enable us to attract new customers and strengthen their bond with their current customer base.

Company Promoters:

  • Utkarsh CoreInvest Limited

Objects of this Issue:

  • Their Bank proposes to utilize the Net Proceeds from the Issue towards augmenting its Tier–1 capital base to meet its future capital requirements. Further, the proceeds from the Issue will also be used towards meeting the expenses in relation to the Issue

Financial Information of the Company:

 

Amount in Million (Rs.)

As on 31 Mar 2023

As on 31 Mar 2022

As on 31 Mar 2021

Total Assets

191,175.42

150,637.70

121,379.12

Total Liabilities

182,216.37

141,682.48

112,895.78

Net Profit

4,045.02

614.62

1,118.15

 Utkarsh Small Finance Bank Limited IPO Schedule

1. Bid or Offer Opens on: 12 July 2023
2. Bid or Offer Closes on: 14 July 2023
3. Finalization of BoA: 19 July 2023
4. Initiation of Refunds: 20 July 2023
5. Credit of share to Demat account: 21 July 2023
6. Listing Date: 24 July 2023

Utkarsh Small Finance Bank Limited IPO Lot Size

Market lot size of the Utkarsh Small Finance Bank Limited IPO is 1 share. Minimum and Maximum order quantity is as follows:

Application

Lots

Shares

Amount

Retail

Minimum

1

600

₹15,000

Maximum

13

7800

₹195,000

S-HNI

Minimum

14

8,400

₹210,000

S-HNI

Maximum

66

39,600

₹990,000

B-HNI

Minimum

67

40,200

₹1,005,000

Company Contact Details:

Utkarsh Small Finance Bank Limited IPO 
Utkarsh Tower, NH – 31 (Airport Road),
Sehmalpur, Kazi Sarai, Harhua, Varanasi
221 105, Uttar Pradesh, India.
Phone: +91 542 660 5555
Email:  shareholders@utkarsh.bank
Website:  https://www.utkarsh.bank/

Utkarsh Small Finance Bank Limited IPO Registrar Details:

Kfin Technologies Limited
Selenium, Tower-B,
Plot 31 & 32, Financial District,
Nanakramguda, Serilingampally
Hyderabad, Rangareddi 500 032,
Telangana, India
Phone: 04067162222, 04079611000
Email:  utkarsh.ipo@kfintech.com
Website:  https://ris.kfintech.com/ipostatus/

Frequently Asked Question

Market lot size of the Utkarsh Small Finance Bank Limited IPO is 600 shares.
You can apply for an IPO from any place by using the internet as it is an online process. You can apply for an IPO using 2 methods i.e., ASBA and UPI. ASBA facility is provided by your bank and UPI method is offered by your stock broker. You can invest in Utkarsh Small Finance Bank Limited IPO by using any one of these methods at your convenience.
Kfin Technologies Limited is the registrar of Utkarsh Small Finance Bank Limited IPO.
Utkarsh Small Finance Bank Limited IPO shares will get listed at NSE and BSE.
Face value of equity shares of Utkarsh Small Finance Bank Limited IPO is ₹10.
If you do not get the allotment of Utkarsh Small Finance Bank Limited IPO shares, your IPO application amount will be released or credited back to your bank account via which you applied for this IPO.
Utkarsh Small Finance Bank Limited IPO will be closed on July 14, 2023.
Pre-issue shareholdings of Utkarsh Small Finance Bank Limited IPO promoters are 84.75%
The meaning of "Utkarsh Small Finance Bank Limited IPO" is the Grey Market Premium (GMP) for the initial public offering (IPO) of Utkarsh Small Finance Bank Limited IPO on the current day.
Utkarsh Small Finance Bank Limited IPO is going to open on July 12, 2023.
Post-issue shareholdings of Utkarsh Small Finance Bank Limited IPO promoters are 69.28%.
Price of 1 share of Utkarsh Small Finance Bank Limited IPO is ₹23 - ₹25.
You will receive the allotted shares in your Demat account on July 21, 2023.
Utkarsh Small Finance Bank Limited IPO will get listed on July 24, 2022.
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