IPO Dates
Important dates with respect to IPO allotment and listing
IPO Open Date
To be announced
About Company
Utkarsh Small Finance Bank Limited has filed a DRHP worth over Rs.1,350 crore, with SEBI. The issue consists of a new issue worth Rs.750 crore and an offer to sell equity shares worth around Rs.600 crore. Utkarsh Small Finance Bank Limited provides microfinance options to underserved or unserved segments, particularly in the states of Bihar and Uttar Pradesh.
Headquartered in Varanasi, Utkarsh SFB is among the leading SFBs (Small Finance Banks) in the country in terms of ROA and they had the highest return on equity among the SFBs in the country. The company is spread widely across states having its presence in 18 states and union territories. Utkarsh Small Finance Bank Limited has 528 banking outlets with the support of 8.729 employees.
Utkarsh Small Finance Bank Limited provides affordable banking services - loans, accounts, deposits and investments across India to fulfil the regular needs of the customers.
The Promoter of this company is UTKARSH COREINVEST LIMITED. The lead managers of the issue are ICICI Securities Limited, IIFL Securities Limited, and Kotak Mahindra Capital Company Limited. The Registrar of this issue is KFin Technologies Private Limited.
Utkarsh Small Finance Bank LimitedIPO Objectives:
- alleviating potential stress to individual borrowers and small businesses impacted due to the resurgence of COVID-19 and permitted restructuring of existing loans as per norms.
- Augment the bank’s Tier 1 capital base to meet its future capital requirements.
Why should you invest in the Utkarsh Small Finance Bank Limited IPO?
Below are our top 2 reasons:
- As of September 2021, Utkarsh Small Finance Bank Limited has had nearly 2.74 million customers including customers of credit and deposit.
- Most of their customers hail from semi-urban and rural areas of Bihar, Uttar Pradesh, and Jharkhand contributing to 41.91%, 27.32%, and 6.74% of the total gross loan portfolio respectively.
IPO Financials
| FY19 | FY20 | FY21 | |
|---|---|---|---|
| Net profit for the year | 110.8 | 186.74 | 111.81 |
| Average Shareholders’ Equity | 694.03 | 919.16 | 1119.40 |
| Total Average Assets | 5014.23 | 7447.50 | 10690 |
| Net profit as a percentage of Total Average Assets | 2.21% | 2.51% | 1.05% |
| Net profit as a percentage of Average Shareholders’ Equity | 15.97% | 20.32% | 9.99% |
| Average shareholders’ Equity as a % of Total Average Assets. Gross Loan Portfolio | 13.84% | 12.34% | 10.47% |
| Gross Loan Portfolio | 47,415.50 | 66,599.99 | 84,156.60 |
| Advances | 46,681.66 | 62,815.97 | 82,168.58 |
| Net profit as a percentage of Gross Loan Portfolio | 2.34% | 2.80% | 1.33% |
| Net profit as a percentage of advances | 2.37% | 2.97% | 1.36% |
Know before investing
Strengths
3
A strong presence across 18 states and union territories with more than 528+ banking outlets throughout the country.
Its Micro banking portfolio is present in the 11 States and Union Territories.
Bank has opened 51 new Banking Outlets in Fiscal 2021 Confirming the positive growth even during the COVID pandemic. Plus, a Diversified distribution network with significant cross-selling opportunities.
Risks
3
Bigger SFB Competitors like Equitas, Ujjivan, Credit access, Bandhan and AU SFB are all doing great in this domain.
High dependency on top 5 depositors or top 20 depositors, which is getting reduced in last 3 financial years.
The bank is currently highly dependent on its micro banking segment. Particularly Joint Liability loan groups and any adverse development can result in Bank’s business
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Peer Comparison
| Listed Peers | Total Income ( INR in Cr ) | Return on Net worth ( RoNW ) |
|---|---|---|
| Equitas Small Finance Bank | 2927 | 8.88% |
| Ujjivan Small Finance Bank limited | 3025 | 11.05% |
| Credit Access Grameen Limited | 1705 | 12.27% |
| Spandana Spoorty Financial Limited | 1469 | 13.40% |
| Bandhan Bank Limited | 3023 | 19.90% |
| AU Small Finance Limited | 4991 | 15.60% |
Utkarsh Small Finance Bank Limited has filed a DRHP worth over Rs.1,350 crore, with SEBI. The issue consists of a new issue worth Rs.750 crore and an offer to sell equity shares worth around Rs.600 crore.
Utkarsh Small Finance Bank Limited IPO will finalize the allotment by <>.
Each Utkarsh Small Finance Bank Limited IPO lot has <> shares.
The IPO ofUtkarsh Small Finance Bank Limited Ltd will be open for subscription from <>.
The minimum market lot size for the Utkarsh Small Finance Bank Limited IPO is <> shares.
Utkarsh Small Finance Bank Limited shares will be listed on both BSE as well as the National Stock Exchange (NSE).
The Rs Rs 1350 crore initial public offering (IPO) ofUtkarsh Small Finance Bank Limited is available from <>.
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Following allotment, the Utkarsh Small Finance Bank Limited shares will be credited to the Demat account.
No, you cannot use the same PAN to make multiple applications for this Utkarsh Small Finance Bank Limited IPO or any other public offering.
Yes, immediately approving a UPI mandate request is preferable. Accepting it as soon as you receive it is much better.
Mr Govind Singh is the current owner of Utkarsh Small Finance Bank Limited.
It is difficult to anticipate the listing gains of each IPO, however, there are a few factors that have a significant impact:
- Market movement on the day of the listing.
- Utkarsh Small Finance Bank Limited stock market supply and demand from investors and dealers.
- The interest of HNI investors in particular.
