Utkarsh Small Finance Bank GMP IPO Details

Utkarsh Small Finance Bank Ltd, headquartered in Varanasi, is one of the leading Small Finance Banks (SFBs) in India and has achieved the second-fastest growth in Assets Under Management (AUM) among SFBs with AUM exceeding Rs. 50 billion, during Fiscal 2019 and Fiscal 2022. The bank primarily focuses on providing microfinance services to the unserved and underserved segments of the population.

The company maintains a diverse product portfolio, with microfinance being a key focus area. In comparison to its peers, Utkarsh Small Finance Bank stands alongside other notable SFBs such as Equitas Small Finance Bank, Ujjivan Small Finance Bank Limited, Credit Access Grameen Limited, Spandana Sphoorty Financial Limited, Bandhan Bank Limited, AU Small Finance Bank Limited, and Suryoday Small Finance Bank.

Utkarsh_logo created by ipo gmp

Utkarsh Small Finance Bank Ltd

Share Price
Lot Size

Bidding Starts

12 Jul, 23

Bidding Ends

14 Jul, 23

Allotment Date*

19 Jul, 23

Listing Date

24 Jul, 23

* Refund is a 7-10 days process. If you don’t get refund then please contact your bank.

Allotment Status Check

Utkarsh SFB IPO Objectives

The objectives of the Utkarsh Small Finance Bank IPO are as follows:

  1. Augmenting Tier-1 capital base: The company plans to utilize the net proceeds from the IPO to strengthen its Tier-1 capital base. This will help meet its future capital requirements and support the bank’s growth plans.
  2. Meeting expenses related to the Issue: The funds raised through the IPO will also be used to cover the expenses associated with the offering, including underwriting, legal, and marketing expenses.

By achieving these objectives, Utkarsh Small Finance Bank aims to enhance its financial position and support its expansion strategies.

Utkarsh IPO details

Utkarsh Small Finance Bank Limited, an SFB (Small Finance Bank) in India, is scheduled to open its IPO on 12th July and close on 14th July.

The IPO comprises a total issue of 200,000,000 shares, amounting to ₹500.00 Crores. The price band for the issue has been set at Rs.23 to Rs.25 per share. The lot size for the IPO is 600 shares per lot. Allotment of shares will take place on 19th July, and the listing of the shares on the stock exchanges is expected on 24th July.

The book-running lead managers for the offer are ICICI Securities Ltd and Kotak Mahindra Capital Company Limited. Kfin Technologies Limited is the registrar of the IPO. Utkarsh CoreInvest Limited is the promoter of the company.

Utkarsh Small Finance Bank IPO Details

IPO DateJul 12, 2023 to Jul 14, 2023
Listing Date24 July, 2023
Face Value₹10 per share
Price₹23 to ₹25 per share
Lot Size600 Shares
Total Issue Size200,000,000 shares
(aggregating up to ₹500.00 Cr)
Fresh Issue200,000,000 shares
(aggregating up to ₹500.00 Cr)
Issue TypeBook Built Issue IPO
Listing AtBSE, NSE
Share holding pre issue895,521,522
Share holding post issue1,095,521,522

Utkarsh Small Finance Bank IPO Reservation

QIB Shares OfferedNot less than 75% of the Offer
NII (HNI) Shares OfferedNot more than 15% of the Net Issue
Retail Shares OfferedNot more than 10% of the Net Issue

Utkarsh Small Finance Bank IPO Lot Size

The Utkarsh Small Finance Bank IPO lot size is 600 shares.

Retail (Min)1600₹15,000
Retail (Max)137800₹195,000
S-HNI (Min)148,400₹210,000
S-HNI (Max)6639,600₹990,000
B-HNI (Min)6740,200₹1,005,000

Utkarsh Small Finance Bank IPO Timetable (Tentative)

Utkarsh Small Finance Bank IPO opens on Jul 12, 2023, and closes on Jul 14, 2023.

EventTentative Date
Opening DateWednesday, 12 July 2023
Closing DateFriday, 14 July 2023
Basis of AllotmentWednesday, 19 July 2023
Initiation of RefundsThursday, 20 July 2023
Credit of Shares to DematFriday, 21 July 2023
Listing DateMonday, 24 July 2023
Cut-off time for UPI mandate confirmation5 PM on Jul 14, 2023

Utkarsh Company Financial Report

Particulars (in Rs. Crores)FY22FY21FY20
Particulars (in Rs. Crores)FY22FY21FY20
Total Assets15,063.7712,137.919,404.32
Share Capital
Total Borrowings2571.932,607.822675.03
Particulars (in Rs. Crores)FY22FY21FY20
Net cash generated from / (used in) operating activities1,329.15-83.46115.20
Net cash from / (used in) investing activities-738.67-532.44-322.14
Net cash flow from / (used in) financing activities111.34171.671304.35
Net increase (decrease) in cash and cash equivalents701.83-444.231097.42

IPO analysis

Registrar information

Name: KFin Technologies Private Limited
Phone number: +91 40 6716 2222
Email ID: utkarsh.ipo@kfintech.com

Red herring prospectus

View documents submitted by Utkarsh company in filing to understand more details about them.

Utkarsh IPO Key Points


  1. Presence in Rural and Semi-Urban Areas: Utkarsh Small Finance Bank has a significant presence in rural and semi-urban areas through its 434 banking outlets. This provides ample growth potential, considering that the rural segment contributes 47% to India’s GDP but has a low share of banking credit at only 8%.
  2. Strong Growth in Assets: The bank has demonstrated robust growth in assets under management (AUM) with a 31.6% increase between FY19 and FY22. The gross loan portfolio also grew by 59% to ₹10,630 crore during FY20 to FY22, reflecting the bank’s ability to expand its lending activities.
  3. Increase in Deposits: Utkarsh Small Finance Bank has witnessed consistent growth in deposits, from ₹5,235 crore in FY20 to ₹10,074 crore in FY22. Moreover, the ratio of Current Account and Savings Account (CASA) to total deposits improved from 13.5% to 22.3% during the same period, indicating a favorable shift towards low-cost deposits.


  1. Untapped Rural Market: The bank’s strong presence in rural and semi-urban areas presents an opportunity to tap into the underserved population and expand its customer base. This segment has significant growth potential and can contribute to the bank’s overall profitability.
  2. Rising Demand for Financial Services: With the increasing financial inclusion initiatives in India, there is a growing demand for banking services in rural areas. Utkarsh Small Finance Bank can capitalize on this trend by offering tailored products and services to meet the specific needs of the rural population.
  3. Expansion of Lending Activities: The bank’s ability to grow its loan portfolio indicates an opportunity to further expand its lending activities. By targeting sectors with high credit demand, such as agriculture, micro, small, and medium enterprises (MSMEs), and affordable housing, the bank can enhance its market share and profitability.

Risks and Threats:

  1. Rise in Non-Performing Assets (NPAs): While the bank has experienced significant growth in its loan portfolio, there has also been an increase in gross non-performing assets (NPAs) from 0.71% in FY20 to 6.10% in FY22. This indicates a potential risk of loan defaults and highlights the need for effective risk management strategies.
  2. Regulatory Compliance: As a banking institution, Utkarsh Small Finance Bank is subject to stringent regulatory requirements. Non-compliance with these regulations can result in financial penalties, operational constraints, and reputational damage. Ensuring adherence to regulatory guidelines is crucial for the bank’s continued operations.
  3. Interest Rate Volatility: Volatility in interest rates or the bank’s inability to effectively manage interest rate risk can negatively impact its net interest margins. Fluctuations in interest rates can affect the cost of funds and the profitability of lending operations, posing a risk to the bank’s financial performance.

It is important for Utkarsh Small Finance Bank to address these risks, leverage its strengths, and seize the available opportunities to sustain growth, mitigate threats, and maintain a competitive position in the market.


What is the pre-apply date for the Utkarsh Small Finance Bank IPO?

The pre-apply date for the Utkarsh Small Finance Bank IPO is not available currently.

When does pre-apply for the Utkarsh Small Finance Bank IPO open and how can you pay for it?

Pre-apply for the Utkarsh Small Finance Bank IPO usually opens two days before the launch date. Once the IPO goes live, you will receive a UPI mandate to block the application amount and successfully place your bid.

How can I apply for the Utkarsh Small Finance Bank IPO?

You can apply for the Utkarsh Small Finance Bank IPO on Upstox’s website and app when the IPO opens for subscription.

What are the opening and closing dates for the Utkarsh Small Finance Bank IPO subscription?

The opening and closing dates for the Utkarsh Small Finance Bank IPO have not been announced yet.

What is the lot size and minimum investment required for the Utkarsh Small Finance Bank IPO?

The lot size and minimum investment details for the Utkarsh Small Finance Bank IPO have not been announced yet.

What is the price band for the Utkarsh Small Finance Bank IPO?

The price band for the Utkarsh Small Finance Bank IPO is not available currently.

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

The size of the Utkarsh Small Finance Bank IPO has not been announced yet.

How many bids can I place for the Utkarsh Small Finance Bank IPO?

You can place up to three bids for a single application.

Can bids be placed at different times during the IPO subscription period?

No, all bids must be placed at once. If you want to add an additional bid, you will need to delete your previous application and re-apply.

When will Utkarsh Small Finance Bank shares be credited to my demat account?

The date for crediting Utkarsh Small Finance Bank shares to demat accounts has not been announced yet.

On which exchanges will Utkarsh Small Finance Bank shares be listed?

Utkarsh Small Finance Bank shares will be listed on the NSE and BSE.

When will Utkarsh Small Finance Bank shares be listed on the exchanges?

The listing date for Utkarsh Small Finance Bank shares has not been announced yet.

Follow IPO Watch for the upcoming IPO news and their reviews, also keep following us on TwitterFacebook, and Instagram. For IPO latest News, Join our Telegram channel.

Google News - GMP IPO

Related Articles

Leave a Reply

- Advertisement -
Back to top button

Adblock Detected

Please consider supporting us by disabling your ad blocker!
data hk jokermerah 4d situs slot gacor mudah menang besar piala88 rtp live live rtp surgadewa jericho pm singkatan dari cara bermain slot online yang benar rtp togelsumo live hk hari ini macau dana189 premier league 2023 kode togel sdy hari ini 2023 live draw hk angka jitu pantun dua baris strasbourg fc slot demo seperti aslinya jarwo slot 123 surfer cheat smackdown pain ps2 naga jitu rans nusantara vs borneo fc lirik gorgeous x8 speeder terbaru mencintaimu daftar akun slot via pulsa hoki toto okto88 bintang68 abutoto konoha pengeluaran cambodia hari ini batik 777 mpo288 slot tergacor 2023 jet88bet borahae slot demo pragmatic soft lengkap prediksi togel jitu jet234 slot tambang888 slot pragmatic demen slot nomor jatu hk tdi mlm cimb bank live draw 6d hk super 126 slot angka romawi 18 paito hk warna 6d angkanet japanese emoji qs as sajdah hidup slot rtp play slot77 syair hk 7 april 2023 pangkalantoto syair hk 4d hk buat nanti malam 138 slot demo one ok rock wherever you are lyrics live nomor hk malam ini spesial slot minimal depo 5 ribu takoyaki monas 77 slot kitana cendana 777 bandar judi indonesia bocoran link slot gacor hari ini akun demo slot anti rungkad angka wajib hadir 2d hk warkop4d wap rajahoki777 login istana slot 189 sloth mechanical engineering naruto ultimate ninja 5 prediksi togel hongkong slot demo mahjong ways 3 playstar nomor prediksi hongkong malam ini gambar styrofoam tante colmek dewi 5000 orang joki188 rtp obs188 rtp live bandar999 area 138 lirik lagu last child sukabet365 link menang 123 situs depo 100 bonus 100 live sdy sgp hk hari ini kill bill lyrics liga788max1 prediksi macau 4d slot kilat77 vvip firehouse i live my life for you slot demo gratis olympus 1000 hello jadoo raja77 king football rocker angka bocoran sdy hari ini 2023 kumpulan depo 25 25 oren 4d bocoran angka hk 2024 bonus member baru 150 slot di depan data lengkap singapore probet88 slot online daftar live togel syair prediksi hk situs judi bola via pulsa tanpa potongan dewijoker88 live draw sgp 6d hari ini wla paten188 keren draw hk siang hari ini marsmellow simpatika kemenag login live90 123 jili slots salbutamol inhaler keluaran hk malam ini rr toto bandarslot367 situs game online terpercaya jp slot 138 pstore the old guard 2 bonanza slot88 demo tajir777 kpktoto slot semarjp jago slot superindo88 login napoli vs mpo depo 20 bonus 30 to x5 tafsir mimpi berkelahi megger test burnley fc paito warna hk raja balak 4d flashscore aztec blaze demo slot kamboja4d playmood jokermerah sdy 6d harian macauwin138 asli one game pgs 3 pengeluaran macau 2023 hari ini hk siang 888 serubet juragan prediksi cambodia cara daftar akun demo pragmatic play demo slot gates of gatotkaca mokapog situs gacor 2023 hk fortune bola merah 6d arcoxia 90 mg 1500755 nomor apa candle fokus822 ip man 2 togelon situs slot wuling338 uecl paito angkanet hongkong bahan diadora model pisau terbaik usd 777 kilat88 kode alam kecoa jadwal sea games 2023 mobile legend sultan king slot kuda jitu slot 150 baht berapa rupiah situs siaran langsung piala dunia slot toto 88 klasemen madura united vs borneo fc slot gacor 2023 bonus new member 100 operation true love sub indo keluaran china hari ini cuan365 slot hk6d versi harian rush terbaru toto sgp hari ini tercepat bonus deposit slot 100 persen mahjong way 2 demo 303hoki rtp data live hk tercepat hari ini demo slot rush sugar mahkota 69 hoki slot gacor77 deluna4d rtp slot turnover 2x rapitoto permainan demo slot result china jayatogel gambar sg 2 bandar lotre casino togel sgp49 hari ini 2021 tokyo 99 aespa giselle to4d slot anti rungkad 777 slot live draw roma night prize indogacor login bimaslot slot pasti menang hari ini coinmasterslot kumpulan agen slot rtp tertinggi poipet 12 pengeluaran sydney 2022 situs gacor slot gacor 508 xpander cross demo slot gratis zeus vs hades rtp honda4d slot beat terbaru panen138 slot bni4d login slot online juara umum sea games 2023 permainan slot pragmatic yang mudah menang jam gacor slot pragmatic jam berapa link slot bet 10 perak agen138 rtp slot gacor cha eun woo cinta untuk starla blippi game slot gratisan terbukti membayar agen777 slot online nama id slot yang hoki spinner id rtp mos777 hari ini kepritogel rtp sdy pools silverbola gacor jp777 deposit dengan pulsa tanpa potongan let me down slowly hokben 4d login betplace88 terigu protein sedang harga velg enkei giochi gratis slot da bar toto 888 4d mpo6000 kuy138 daftar demo almighty zeus empire kobotoolbox dhx4d login dewi 50000 slot togel singapura45 singapura hari ini wisma 138 maxwin data joker merah hk 6d harian dana87 turbo nomor hongkong tercepat emoji love aesthetic cpg toto link idgaf artinya pato rtp slot online terlengkap playking88 login 500 ml air berapa gelas sgp angkanet paito rtp sayang 4d juragan69 slot gacor data hk bulanan nasa 4d novel sherlock holmes agenolx slot superslot77 id cara bayar virtual account bni live carolina evening prediksi macau 4d 5d demo slot zeus rupiah gacor talentless nana togel 6 digit hk operation true love ikan gabus manfaat situs slot gacor online 24 jam dhx4d login prediksi hk malam ini pasti jp tabel hk 2024 6d lirik lagu butterfly joylink bonus new member slot demo pragmatic terlengkap 2024 new member depo 10k 4 digit berapa rupiah lirik terlanjur mencinta lirik bendera cokelat login sso etoricoxib 90 mg obat apa buku303 paito warna hk lengkap richard mille daftar situs slot gacor mudah menang beat pop colmekin hoki4d gacor vegas108 judul lagu dangdut sultan slot 999 mulia189 situs togel minimal deposit 5000 menfess artinya katsu5 rtp login live hk sdy sgp 2023 virtual families 3 mod apk live sdy 6d wla combat master bahaya ranitidine hcl 150 mg situs slot terpercaya resmi wap totopedia dolartoto halte4d terus aplikasi angkanet sdy juara piala dunia 2014 demo slot pragmatik anti rungkad macarena semar 99 slot gembirabet rtp aquaslot anak tante ernie busur4d okeplay777 slots rtp inews hongkong hari ini togel terlengkap betahistine mesilate 6 mg obat apa bonus slot 50 persen bet coin rtp agenasia88 bola jatuh sdy live bluetooth fit188 slot online login mentahan jersey polos togeltoto4d kakek cangkul casino online qqwin88 al qamar istana slot 17 live draw carolina day kingdomtoto live draw chelsea 11 youtube statistik erling haaland data hk malam ini live super888bet apa itu offside emang dasar lirik top hk gintama live action live persebaya raja777 rtp indobetku raja asia 88 slot rtp kode4d slot bigbos777 login akun demo mahjong 1 mokapog yasirlana situs slot luar gacor pusat film vermeil in gold demo slot pragmatic olympus x5000 promo new member slot 100 tergacor gbo slot 777 cuma toto pelatih madura united slot demo lion hoki138 slot simluhtan 2022 login afcon metro boomin slot garansi 100 persen grabwin88 slot chelsea vs situs paling gacor pg soft jadwal liga europa malam ini pasaran sgp tutup hari apa untungin lirik usik feby putri pg08 maxwin cara agar menang terus main slot demo slot anti rungkad mahjong ways 2 hortatory text indobet slot 88 vip servette fc gacor 777 gampang menang situs nexus bonus new member 100 seven eleven klasemen liga inggris terbaru hari ini lagabet88 bocoran rtp jnetoto ibet889 lua dao vinix 388 slot rtp suhuslot88 hoodie dickies original login member wso rtp kuningtoto mpo depo 10k bonus 15k rtp kinghoki4d hari ini fiberhome login pokerclub88 urutan liga terbaik di dunia superslot77 id jersey manchester city 2024 nomor terakhir hk 3 prize morata bonus new member 100 di awal bebas ip alam4d vip harga obat mst continus 10 mg prediksi hk joker merah 10 lobang gambar lapangan sepak bola di buku tulis partai togel bigpoker88 gunjou no magmel shuin love yourself quotes vphonegaga nama asli sunan ampel nadin amizah sorai link yang gacor hari ini bathandbodyworks akun demo aztec blaze hasil angka sgp ini hari dinas4d toto hk pool live draw adel jkt48 link pkv deposit pulsa tanpa potongan togel mania hongkong wes tatas lirik vtoto 88 login cough deposit pulsa tanpa potongan dan tanpa to rtp menthol 4d hari ini jadwal bola hari ini champions axiata4d slot slot olympus88 login markas138 login masuk depo new member 100 to kecil bocoran hk malam besok cemara 777 ling dragon tamer data hk 6d harian joker merah kaki777 syair naga mas hk hari ini aquaslot bocoran 88mega slot situs slot depo pulsa murah slot mpo 222 dadunation 889 co games slots pragmatic slot demo pragmatic bonanza gold slot gacor sekarang ini maybelline mascara slot terbaik dan mudah menang gorgeous lyrics sgp toto togel nomor keluar kamboja prometric jft login azithromycin dihydrate 500 mg azkaban paket4d togel kartu domino balak 1 rmslot chip domino live draw toto macau 4d hari ini tercepat 2024 dewa188 slot gacor daftar situs judi online24jam terpercaya 2023 4d arta data harian hk 6d 2023 link gacor hari ini 2023 liga jp77 kok badminton inter miami lapangan bola kaki data hk 2020 sd 2023 bocoran sgp hari ini jp hk fortunes nagitatogel shayne prediksi angka jitu hk adele love in the dark lyrics kamboja4d cukuran 2 jari chord yang terdalam new balance 990 v3 live skor bola bula resort rrtoto toto hk 6 angka live draw hondatoto login browser anti blokir slot gacor siang ini slot demo sweet bonanza rtp slot naga 138 hari ini 303 slot 4d anti blokir situs bintang4dp login hoki88jp slot pantjoran pik prediksi angka jitu 2d 3d 4d kakek zeus lucu cara bermain akun demo slot pragmatic agen slot 77 jabartoto login ngerumus togel otomatis situs gacor slot 4d hero388 clindamycin 300 mg untuk jerawat rtp okeslot hari ini welcome to hongkong pools 6d harian hk 6d paito slot depo 20 bonus 20 bebas ip keluaran sydney hari ini link slot deposit seabank gasing777 jago333 planet138 868 maxwin live draw hk hari ini tercepat 6d 2022 danatoto888 carx street apk rgo365 link mimpi menang judi slot 4d link gacor maxwin malam ini depe4d login harta138 syair bd new marettoto rtp jam350 bola slot 88 reply 1988 cinderella with four knights qing fei de yi pola slot mania princess 20 slot demo pg soft bandit4d data angka sgp 666hacker syair forum sydney mbahslot dewapetir88 slot paito warna sgp sbobet login kacang kapri yahya keepyousafe lyrics markastoto slot pola indobet hari ini situs gacor 2022 clopidogrel bisulfate 75 mg wala taqrabu zina klik33 depo 50 jadwal madrid rtp slot live terupdate maroon 5 memories lyrics semar4d rans303 link login siaran slot bintangmpo roma biskuit royalqq link alternatif kinghorsetoto ccnnslot dewislot javanese situs terpercaya paito sdy 6d angkanet harian rajapaito clicklancers login akadslot psg pemain rambo slot rtp gacor 88 jp qq panda slot 88 totojitu login atlas77 ajwad resto menu rtp vodka138 opera mini siapkaya88 gates of olympus demo slot rupiah biskuit roma kelapa slot rollingan terbesar scp 999 laguna slot data cambodia 2004 sampai 2022 mary on a cross artinya hasil toto macau hari ini 4d sgp pool login bumn 2023 jhonslot bintang di surga chord gates of olympus demo turkce oyna paito warna hk angkanet harian 6d rtp nusa188 hari ini yarichin b club song arti mimpi dijodohkan 3d to 2d projection formula cara menang maxwin olympus ssmp3 streaming bola malam ini siaran bola live yuk togel semua situs slot nexus al nassr vs al hilal live borneo fc vs persebaya jaring ikan kecil keluaran togel hongkong cheat god of war 2 ps2 pagi am atau pm link slot deposit pakai pulsa tri