Utkarsh Small Finance Bank Ltd. IPO
IPO Timeline
Category-wise Subscription
| Category | Sub (x) | Offered | Bid For | Amt (Cr)* |
|---|---|---|---|---|
| QIB | — | 148,500,000 (74%) | — | ₹37,125 Cr |
| NII (HNI) | — | 29,700,000 (15%) | — | ₹7,425 Cr |
| Retail | — | 19,800,000 (10%) | — | ₹495 Cr |
| Employee | — | 2,000,000 (1%) | — | ₹50 Cr |
| Σ Total | — | 200,000,000 (100%) | — | ₹500,000 Cr |
Only available investor categories are shown. Amount is auto-calculated when shares offered and issue price are available.
Issue Details
Minimum Investment (Lot-wise)
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 600 | ₹15,000 |
| Retail (Max) | 13 | 7,800 | ₹195,000 |
| S-HNI (Min) | 14 | 8,400 | ₹210,000 |
| B-HNI (Min) | 67 | 40,200 | ₹1,005,000 |
Financial Statements Amount in Crore
| Metric | 31 Mar 2020 | 31 Mar 2021 | 31 Mar 2022 |
|---|---|---|---|
| Revenue | 1,406 | 1,706 | 2,034 |
| Profit After Tax | 187 | 112 | 61 |
| Net Worth | 1,020 | 1,368 | 1,572 |
| Total Assets | 9,404 | 12,138 | 15,064 |
| Reserves & Surplus | 260 | 520 | 677 |
| Total Borrowing | 2,675 | 2,608 | 2,572 |
Valuation & Key Ratios
Grey Market Premium (GMP)
GMP is an unofficial grey market indicator and does not guarantee actual listing price. Invest at your own risk.
Objects of the Issue
- 1 Gross proceeds of the Issue – 500.00
Company Overview
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