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

Utkarsh Small Finance Bank Ltd. 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

₹ 35.35

Current Return

41.40%

Utkarsh Small Finance Bank Ltd. News

Utkarsh Small Finance Bank raises Rs 105 crore via NCDs 28 Nov, 12:45PM Utkarsh Small Fin. - Quaterly Results9 Nov, 8:34PM Utkarsh Small Fin. - Quaterly Results9 Nov, 8:34PM Utkarsh Small Finance Bank informs about acquisition 10 Oct, 5:03PM Utkarsh Small Finance Bank launches new products to enhance customer experience3 Oct, 3:09PM Utkarsh Small Finance Bank informs about credit rating19 Sep, 3:49PM Utkarsh Small Finance Bank informs about board meeting 17 Sep, 5:05PM Utkarsh Small Finance Bank informs about analyst meet9 Aug, 5:39PM Utkarsh Small Finance Bank informs about transcript of conference call9 Aug, 5:06PM Utkarsh Small Finance Bank’ net profit rises 28% to Rs 137.40 in Q1FY255 Aug, 10:50AM Utkarsh Small Fin. - Quaterly Results3 Aug, 6:03PM Utkarsh Small Fin. - Quaterly Results3 Aug, 6:03PM Utkarsh Small Fin. - Quaterly Results3 Aug, 6:03PM Utkarsh Small Finance Bank informs about certificates3 Jul, 5:30PM Utkarsh Small Finance Bank informs about analyst meet17 Jun, 12:39PM Utkarsh Small Finance Bank informs about notice of postal ballot17 Jun, 12:35PM Utkarsh Small Finance Bank informs about outcome of postal ballot along with scrutinizer’s report17 Jun, 10:44AM Utkarsh Small Finance Bank submits financial results26 Apr, 5:35PM Utkarsh Small Fin. - Quaterly Results26 Apr, 4:12PM Utkarsh Small Fin. - Quaterly Results26 Apr, 4:12PM

Company Financials

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

Exchange

NSE: UTKARSHBNK BSE: 543942

  Profit Loss
  Balance Sheet
  Quarterly
  Shareholding
  Cash Flow

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.

 

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 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Other Income 98.56 144.15 184.83 299.31 400.4
Profit Before Tax 248.88 151.44 79.71 535.81 659.39
Net Profit 186.74 111.82 61.46 404.5 497.63
Adjusted EPS (Rs.) 2.46 1.32 0.69 4.52 4.53
Net Sales 1307.69 1580.99 1848.81 2504.98 3178.41

Balance Sheet (All Figures are in Crores.)

Particulars Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity and Liabilities
Share Capital 759.27 848.33 895.52 895.9 1099.46
Total Reserves 260.23 520.02 670.41 1086.37 1852.13
Borrowings 2675.04 2607.83 2571.94 2349.48 1995.08
Total Liabilities 9404.32 12137.91 15063.77 19117.29 23902.68
Investments 1192.39 2313.94 2347.92 2859.42 3679.47
Net Block 109.72 125.28 285.61 301.49 301.29
Assets
Total Assets 9404.32 12137.91 15063.77 19117.29 23902.68
Current Assets 0 0 0 0 0
Capital WIP 21.7 55.9 0.92 1.83 10.28
* Other Non-current Liabilities include Net deferred Liabilities

Quarterly Result (All Figures in Cr.)

PARTICULARS Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
Interest Earned 756.32 805.98 895.62 965.92 986.95
Other Income 105.17 82.66 120.68 104.65 102.59
Interest Expended 314.8 323.67 355.67 392.75 428.79
Operating Expenses 309.01 308.81 378.41 366.53 384.34
Total Provisions 83.26 104.1 73.87 125.04 208.34
Profit Before Tax 154.43 152.05 208.35 186.24 68.07
Tax 40.01 35.99 48.69 48.84 16.68
Net Profit 114.42 116.06 159.66 137.4 51.39
Net NPA % 0.16 0.19 0.03 0.26 0.89
Gross NPA % 2.81 3.04 2.51 2.78 3.88
Return on Assets % 0.58 0.58 0.72 0.57 0.2
NPM % 15.13 14.4 17.83 14.22 5.21

Share Holding Pattern

Promoter Pledging %

Date Promoter % Pledge %
Sep 2024 68.94 0
Jun 2024 69.02 0
Mar 2024 69.06 0
Dec 2023 69.16 0
Sep 2023 69.28 0
* Figures given above are % of equity capital
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