Minimum Investment

To be announced

Price Range

To be announced

Maximum Investment

To be announced

Retail Discount

To be announced

Issue Size

To be announced

Investor category and sub category

To be announced

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:

  1. 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.
  2. 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:

  1. As of September 2021, Utkarsh Small Finance Bank Limited has had nearly 2.74 million customers including customers of credit and deposit. 
  2. 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

  • How to Apply in IPO
  • How to Check IPO Allotment Status

Login to Angel One App / Website & click on IPO

Select desired IPO & tap on "Apply"

Enter UPI ID, set quantity/price & submit

Accept mandate on the UPI app to complete the process

Login to Angel One App / Website

Choose IPO section on Home Page

Click IPO Orders

Chose the IPO application you want to view the status for

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%

What is Utkarsh SFB Ltd's Initial Public Offering?

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.

When will allotments for the Utkarsh Small Finance Bank Limited IPO become available?

Utkarsh Small Finance Bank Limited IPO will finalize the allotment by <>.

What will the IPO lot size for Utkarsh Small Finance Bank Limited Ltd be?

Each Utkarsh Small Finance Bank Limited IPO lot has <> shares.

When will Utkarsh Small Finance Bank Limited IPO be available to buy?

The IPO ofUtkarsh Small Finance Bank Limited Ltd will be open for subscription from <>.

What is Utkarsh Small Finance Bank Limited’s smallest lot size available to retail investors?

The minimum market lot size for the Utkarsh Small Finance Bank Limited IPO is <> shares.

Which exchanges will Utkarsh Small Finance Bank Limited list on?

Utkarsh Small Finance Bank Limited shares will be listed on both BSE as well as the National Stock Exchange (NSE).

What is the IPO size of Utkarsh Small Finance Bank Limited?

The Rs Rs 1350 crore initial public offering (IPO) ofUtkarsh Small Finance Bank Limited is available from <>.

How to check the allotment status of Utkarsh Small Finance Bank Limited IPO on the AngelOne App?

The easiest ways to check your IPO allotment status on the AngelOne app are below:

Step 1

Login & Look for Investment Opportunities via Angelone App.

Step 2

Choose IPOs & FPOs.

Step 3

Click Order Book.

How will I get my Utkarsh Small Finance Bank Limited stock?

Following allotment, the Utkarsh Small Finance Bank Limited shares will be credited to the Demat account.

Can I use one PAN to submit multiple applications for the public issue of Utkarsh Small Finance Bank Limited?

No, you cannot use the same PAN to make multiple applications for this Utkarsh Small Finance Bank Limited IPO or any other public offering.

Is it necessary to give immediate approval to a UPI mandate request?

Yes, immediately approving a UPI mandate request is preferable. Accepting it as soon as you receive it is much better.

Who owns Utkarsh Small Finance Bank Limited?

Mr Govind Singh is the current owner of Utkarsh Small Finance Bank Limited.

What are the expected listing gains for the Utkarsh Small Finance Bank Limited IPO?

It is difficult to anticipate the listing gains of each IPO, however, there are a few factors that have a significant impact:

  1. Market movement on the day of the listing.
  2. Utkarsh Small Finance Bank Limited stock market supply and demand from investors and dealers.
  3. The interest of HNI investors in particular.