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Utkarsh Small Finance Bank IPO was scheduled to be listed on 24 July 2023 on National Stock Exchange (NSE) and Bombay Stock Exchange (BSE).
Utkarsh Small Finance Bank Limited (USFBL) is a Small Finance Bank in India; it was incorporated on April 2016, commenced its operation in 2017, and was registered in the Reserve Bank of India under Section 22(1) of the Banking Regulation ACT 1949. The bank Recorded the 3rd fastest gross loan portfolio growth between the fiscal year 2019 and fiscal year 2023 among all small finance banks.
Utkarsh Small Finance Bank IPO Price
Utkarsh Small Finance Bank IPO, The Company offers a Price Band of Rs 23-25 per share in its public offer and Investors can buy for a minimum of 600 shares per lot and in multiple thereafter.
Utkarsh Small Finance Bank IPO Details
| IPO Start Date | Wednesday, 12th July 2023 |
| IPO Close Date | Friday, 14th July 2023 |
| Listing Date | Monday, 24th July 2023 |
| IPO Price | Rs 23-25/- per Share |
| Face Value | Rs 10/- per Equity Share |
| GREY MARKET PREMIUM (GMP) | Rs14/- per share in Unlisted Market |
| IPO ISSUE TOTAL SIZE | RS 500/- Crore there is no offer for sale (OFS Segment). |
| FRESH ISSUE | Fresh Issue of Rs. 5,000 Million |
| LISTING PLATFORM | National Stock Exchange (NSE), Bombay Stock Exchange (BSE) |
| Pre Issue Promoter Share Holding (in %) | 84.75% |
| Post Issue Promoter Share Holding (in %) | 69.28% |
Utkarsh Small Finance Bank IPO Lead Manager’s
- ICICI Securities.
- Kotak Mahindra Capital Company Limited.
Objective to do Utkarsh Small Finance Bank IPO
The lender’s Tier 1 capital base will be expanded with the proceeds of the new issue to meet future capital requirements & Meeting the expense in relation to the issue.
Share Division of Utkarsh Small Finance Bank IPO
Utkarsh Small Finance Bank IPO, The Company Splits his 100% share in the following pattern Qualified institutional buyers (QIBs) receive 75% Share, non-institutional investors (NIIs) receive 15% Share, and retail investors receive 10% share of the company.
| Qualified Institutional Buyers(QIBs) | 75% Share. |
| Non-Institutional Financial Backers(NII) | 15% Share. |
| Retail Financial Backers | 10% Share. |
Utkarsh Small Finance Bank Overview
(USFBL) is a Small Finance Bank which offers loans in different sectors like Microfinance Loan, Housing Finance Loan, Vehicle loan, gold loan etc. and Savings accounts, salary accounts, current accounts, recurring and fixed deposits, locker facilities and other deposit products are also part of its product suite.
Utkarsh Small Finance Bank FD Rates
The FD interest rates at Utkarsh Small Finance Bank range from 4.0% to 8.25% per annum to the General Public and 4.75 to 8.85 % per annum to Senior Citizen on tenures from 7 days to 10 years. Utkarsh Small Finance Bank Tax Saving FDs have an annual interest rate of 7.50 % for the General Public and 8.10% per annum for the Senior Citizen depositors for tenures of 5 years.
Click Here to know more about Utkarsh Small Finance Bank FD rates 2023
Financial Performance Utkarsh Small Finance Bank Limited
The Bank recorded the 3rd fastest gross loan portfolio growth between fiscal year 2019 and fiscal year 2023 among all small finance banks.
Bank has earned a net profit of Rs 48.4 crore in the March quarter subsequent to making an Rs 24.6 crore loss in the first quarter. Its net profit was at Rs 13.7 crore in the year-prior period. The lender’s gross non-performing assets ratio was at 6.10% toward the end of the financial year. Net NPA was at 2.31%. Its arrangement inclusion proportion was 63.6%.
Utkarsh Small Finance Bank Limited Contact Information
Utkarsh Small Finance Bank Limited
Utkarsh Tower, NH – 31 (Airport Road),
Sehmalpur, Kazi Sarai, Harhua,
Varanasi – 221 105
Phone: +91 542 660 5555
Email: shareholders@utkarsh.bank Website: https://www.utkarsh.bank/
Frequently Asked Question
What is Utkarsh Small Finance Bank Share price NSE?
The share price of Utkarsh Small Finance Bank will be listed between approx. 23-25 rupees per share on NSE.
What is the IPO rate of Utkarsh small finance Bank ?
Utkarsh Bank offers a Price Band of Rs 23-25 per share in its public offer and Investors can buy for a minimum of 600 shares per lot.
Is Utkarsh Bank safe to use?
Utkarsh Small Finance Bank has been perceived as a booked bank by the RBI, which puts aside its investors qualified for installment protection given by the Contributor Protection and Credit Assurance Partnership.
Who is the Managing Director and CEO of Utkarsh Small Finance Bank Ltd?
Mr. Govind Singh is the Managing Director and CEO of Utkarsh Small Finance Bank Ltd.
When was Utkarsh Small Finance Bank Limited Founded?
Utkarsh Small Finance Bank Limited was founded in 2009.