Utkarsh Small Finance Bank Ltd. IPO

Utkarsh Small Finance Bank (SFB) is an Indian SFB headquartered in Varanasi, Uttar Pradesh. It has experienced rapid growth, recording the third fastest Gross Loan Portfolio growth among SFBs in India with a Gross Loan Portfolio of over ?60 billion. The bank operates in 26 states and Union Territories with a focus on rural and semi-urban areas, serving 3.59 million customers through its network of 830 banking outlets and strategic partnerships with business correspondents and direct selling agents.

RHP
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DRHP
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Open Date

2023-07-12

Close Date

2023-07-14

IPO Details

Check out the issue details for Utkarsh Small Finance Bank Ltd. IPO as disclosed in SEBI.

IPO Price

₹ 25

Price Band

₹ 23 - 25

Issue Size

500 Cr.

Issue Type

Book Built

Open

2023-07-12

Close

2023-07-14

Listingprice

₹ 40

ListingGain

60.00%

Listing Date

2023-07-21

CMP

₹ 55.2

Current Return

120.80%

Company Financials

You can get the following financial statements of Utkarsh Small Finance Bank Ltd. as of now.

Subscription Details

The details about the Utkarsh Small Finance Bank IPO is as:

  • The issue size of the Utkarsh Small Finance Bank IPO is 500 Cr.
  • The price band for Utkarsh Small Finance Bank IPO is Rs 23 to Rs 25.
  • The shares of Utkarsh Small Finance Bank IPO will list on 21st July 2023.
  • The latest tentative GMP of Utkarsh Small Finance Bank IPO is Rs 15.
  • The shares of Utkarsh Small Finance Bank IPO is subscribed 110.77 times as of 14th July 2023.

 

Utkarsh Small Finance Bank IPO Valuation

The approx valuation of Utkarsh Small Finance Bank IPO based on its price band and RHP/DRHP (prospectus) is:

Particulars Value
Upper Price Band Rs 25
Existing Shares (Qty) 89.59 Cr
Fresh Issue 500 Cr
Market Cap 2739.75 Cr
EPS (FY23) Rs 4.52
PE Ratio 5.53x
Industry PE 67.78x

 

Utkarsh Small Finance Bank IPO Issue Size

Utkarsh Small Finance Bank IPO issue size is 500 Cr.

Issue Amount
Fresh Issue 500 Cr
Offer For Sale 0 Cr

 

Utkarsh Small Finance Bank IPO Market Lot

An Individual can apply for a minimum 1 lot of 600 shares and a maximum of 13 lots of 7800 shares. Find the details below:

Application Lot Shares Amount
 Minimum  1 600 Rs 15,000
 Maximum 13 7800 Rs 1,95,000

 

Utkarsh Small Finance Bank IPO Offer

The shares of Utkarsh Small Finance Bank IPO is subscribed 110.77 times as of 14th July 2023. The category-wise shares subscribed are as follows:

Category % Offered Subscription
Qualified Institutional Minimum 75% 135.71 Times
Non-Institutional Minimum 15% 88.74 Times
Retail Individual Minimum 10% 78.37 Times
Employee 20 Lakh Shares 18.02 Times
Total   110.77 Times

 

Utkarsh Small Finance Bank IPO Grey Market Premium

As on GMP (Tentative)
10 July 2023 Rs 12
11 July 2023 Rs 15
12 July 2023 Rs 15
14 July 2023 Rs 15
17 July 2023 Rs 15

Utkarsh Small Finance Bank IPO GMP is purely for informational purposes and invest in an IPO after thoroughly researching on your own.

 

Allotment Details

Find below the dates for Utkarsh Small Finance Bank IPO:

Schedule Date
Basis of Allotment 19 July 2023
Refunds 20 July 2023
Credit to Demat Account 21 July 2023
IPO Listing Date 21 July 2023

Check allotment status

Profit & Loss (All Figures in Cr. Adjusted EPS in Rs.)

PARTICULARS Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Other Income 58.05 98.56 144.15 184.83 299.31
Profit Before Tax 150.34 248.88 151.44 79.71 535.82
Net Profit 93.89 186.74 111.82 61.46 404.5
Adjusted EPS (Rs.) 1.27 2.46 1.32 0.69 4.52
Net Sales 881.04 1307.69 1580.99 1848.81 2504.98

Balance Sheet (All Figures are in Crores.)

Particulars Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Equity and Liabilities
Share Capital 737.05 759.27 848.33 895.52 895.91
Total Reserves 35.71 260.23 520.02 670.41 1086.38
Borrowings 1429.77 2675.04 2607.83 2571.94 2349.48
Total Liabilities 6238.84 9404.32 12137.91 15063.77 19117.54
Investments 862.21 1192.39 2313.94 2347.92 2859.42
Net Block 87.12 109.72 125.28 285.61 301.49
Assets
Total Assets 6238.84 9404.32 12137.91 15063.77 19117.54
Current Assets 0 0 0 0 0
Capital WIP 2.76 21.7 55.9 0.92 1.83
* Other Non-current Liabilities include Net deferred Liabilities

Quarterly Result (All Figures in Cr.)

PARTICULARS Jun 2023 Sep 2023 Dec 2023
Interest Earned 720.5 756.32 805.98
Other Income 91.9 105.17 82.66
Interest Expended 298.46 314.8 323.67
Operating Expenses 292.71 309.01 308.81
Total Provisions 76.66 83.26 104.1
Profit Before Tax 144.57 154.43 152.05
Tax 37.07 40.01 35.99
Net Profit 107.5 114.42 116.06
Net NPA % 0.33 0.16 0.19
Gross NPA % 3.13 2.81 3.04
Return on Assets % 0.57 0.58 0.58
NPM % 14.92 15.13 14.4

Share Holding Pattern

Promoter Pledging %

Date Promoter % Pledge %
Dec 2023 69.16 0
Sep 2023 69.28 0
* Figures given above are % of equity capital
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