74  Total SME IPOs listed in 2025

3,229.50 Crs.  Total funds raised in 2025

50  SME IPOs listed with Gain in 2025

24  SME IPOs listed with loss in 2025

74  Total SME IPOs listed in 2025

3229.50 Crs.  Total funds raised in 2025

50  SME IPOs listed with Gain in 2025

24  SME IPOs listed with loss in 2025

74  Total SME IPOs listed in 2025

3229.50 Crs.  Total funds raised in 2025

50  SME IPOs listed with Gain in 2025

24  SME IPOs listed with loss in 2025

74  Total SME IPOs listed in 2025

3229.50 Crs.  Total funds raised in 2025

50  SME IPOs listed with Gain in 2025

24  SME IPOs listed with loss in 2025

Utkarsh Small Finance Bank IPO (Utkarsh Small Finance Bank Limited IPO) Detail

Utkarsh Small Finance Bank IPO is a Book Building IPO listing on BSE,NSE exchange, with an ipo size of ₹ 500.00 Cr. The company is based in Varanasi and caters to Banking And Finance sector. ICICI Securities , Kotak Mahindra Capital Company are the merchant bankers of Utkarsh Small Finance Bank IPO. It is a MainBoard IPO which filed its Draft Red Herring Prospectus (DRHP) on 4th March 2021.

Utkarsh Small Finance Bank IPO open date is 12th July 2023 and close date is 14th July 2023. IPO Allotment Date is 19th July 2023 and Listing date is 21st July 2023.

IPO Category : MainBoard
Exchange : BSE,NSE
Issue Type : Book Building

IPO Key Highlights

  • IPO Size: ₹ 500.00 Cr. Avg IPO Size (Sector Based) : ₹ 1,777.43 cr.
  • Sector: Banking And Finance IPO so far: 79
  • Merchant Banker: ICICI Securities IPO by BRLM so far: 164
  • City: Varanasi IPO so far: 1
  • Revenue (annualised): ₹ 2804.29 cr.
            PAT: (annualised): ₹ 404.50 cr. Read Financial Information >>
  • PE Ratio: 0.00x Average Sector PE Ratio: 20.56x

Utkarsh Small Finance Bank IPO Date

Date of DRHP:
4th March 2021
IPO Open Date:
12th July 2023
IPO Close Date:
14th July 2023
IPO Allotment Date:
19th July 2023
Initiation of Refund:
20th July 2023
IPO Listing Date:
21st July 2023

Utkarsh Small IPO Info, Size, Subscription

Utkarsh Small Finance Bank IPO size is ₹ 500.00 Cr. with IPO price of ₹ 25.00. IPO subscription will start on IPO open date and end on IPO close date as per above. IPO valuation metrics can be seen here.

IPO Size :
₹ 500.00 Cr.

Issue Price:
₹ 25.00

Market Capitalisation :
₹ 2739.76 Cr.

PE multiple :
0.00

Subscription :
110.77 times

Pre Issue Promoter Holding :
84.75 %

Post Issue Promoter Holding :
69.28 %

Utkarsh Small Finance Bank IPO Information

Sub Sector : Small Finance banks having a Pan-India presence
Utkarsh Small Finance Bank Limited is a Small Finance Bank (SFB) in India and recorded the second-fastest Asset Under Management (AUM) growth between Fiscal 2019 and Fiscal 2022 among SFBs with AUM exceeding ₹50 billion (Source: CRISIL Report). Its Promoter, Utkarsh Core Invest Limited, began its operations as a Non-Banking Financial Company (NBFC) in Fiscal 2010, focusing on providing microfinance to unserved and underserved segments, particularly in the states of Uttar Pradesh and Bihar. The company’s headquarters are located in Varanasi, Uttar Pradesh, and over the years, it has strategically expanded its SFB operations in states where it has leveraged the prior microfinance experience of Utkarsh Core Invest Limited.
On October 7, 2015, Utkarsh Core Invest Limited received the Reserve Bank of India (RBI) In-Principle
Show More

Object of Issue (Utkarsh Small IPO Objectives)

  • The Utkarsh Small Finance Bank Limited proposes to utilize the Net Proceeds from the Issue towards augmenting its Tier - capital base to meet its future capital requirements Further, the proceeds from the Issue will also be used towards meeting the expenses in relation to the Issue

ICICI Securities Limited is the book-running lead manager of the Utkarsh Small Finance Bank IPO. Kfin Technologies Limited is the Registrar for Utkarsh Small Finance Bank IPO.

Utkarsh Small IPO Registrar (RTA)

Kfin Technologies Limited

Utkarsh Small Finance Bank IPO Draft red herring prospectus (DRHP) and Red Herring prospectus (RHP) are available below.

What is Utkarsh Small Finance Bank IPO?

Utkarsh Small Finance Bank IPO, based in Varanasi, operates in the   Banking And Finance sector with a focus on Small Finance banks having a Pan-India presence. The company is launching its MainBoard IPO on the BSE,NSE exchange, using the Book Building Issue method. Utkarsh Small Finance Bank IPO size is ₹ 500.00 Cr. with fresh issue size of ₹ 500.00 Cr. and Offer for sale being ₹ Nil

When is Utkarsh Small IPO allotment?

The IPO allotment date for Utkarsh Small Finance Bank IPO is expected to be 19th July 2023, after the finalization of basis of allotment. Investors can check Utkarsh Small Finance Bank IPO allotment status on the registrars website, Kfin Technologies Limited . Utkarsh Small Finance Bank IPO refund dates are 20th July 2023.

When is Utkarsh Small Finance Bank IPO listing date?

Utkarsh Small Finance Bank IPO is expected to be listed on 21st July 2023.

What is the price band for Utkarsh Small IPO?

The upper price band for the Utkarsh Small Finance Bank IPO is set at ₹ 25.00 per equity share. IPO price band is arrived at on the basis of IPO Valuation (P/E multiple) which is mentioned in the RHP.

What is Utkarsh Small Finance Bank IPO Review?

For IPO analysis on Utkarsh Small Finance Bank IPO, explore our Financial Review Page for insights on fundamentals, peer analysis, and key IPO data, assisting investors to make informed decisions to apply or not.

How to Apply for Utkarsh Small Finance Bank IPO?

To apply for the Utkarsh Small Finance Bank IPO, investors can use the ASBA (Application Supported by Blocked Amount) process via their bank's net banking or apply through UPI using a registered broker or trading app. The IPO is available in retail, HNI, and institutional investor categories. Investors must select the lot size, enter bid details within the price band, and submit their application before the IPO closing date of 14th July 2023. After submission, funds are blocked until the basis of allotment of Utkarsh Small Finance Bank IPO is finalised.

Who is the merchant banker of Utkarsh Small IPO?

The merchant banker for Utkarsh Small Finance Bank IPO is ICICI Securities Limited , Kotak Mahindra Capital Company Limited . ICICI Securities Limited , Kotak Mahindra Capital Company Limited manages the IPO process, including underwriting, regulatory compliance, and investor coordination. Investors can refer to the Utkarsh Small Finance Bank IPO RHP for further details.

Who is the Registrar of Utkarsh Small Finance Bank IPO?

The registrar for Utkarsh Small Finance Bank IPO is Kfin Technologies Limited . Investors can go to Kfin Technologies Limited registrar website for IPO allotment status, refund processing, and other queries related to Utkarsh Small Finance Bank IPO through their official website or helpline.

What is the Utkarsh Small Finance Bank IPO subscription?

Utkarsh Small Finance Bank IPO was subscribed 110.77 times. Stay updated on IPO details, subscription, and allotment news for informed investment decisions.

IPO Key Highlights

Thinking of
Listing Your Business through
SME IPO?
We can Help!
Contact Us Today

Recent IPO List

Scoda Tubes Limited

  Steel

  Ahmedabad


Prostarm Info Systems Limited

  Power and Energy

  Mumbai


Aegis Vopak Terminals Limited

  Oil and Gas

  Surat


Leela Hotels - Schloss Bangalore Limited

  Hotels and Resorts

  New Delhi


Borana Weaves Limited

  Textiles - Fabrics

  Surat


Thinking of
Listing Your Business through
SME IPO?
We can Help!
Contact Us Today

Peer Companies Of This Sector

FAQs

Utkarsh Small Finance Bank IPO may offer opportunites, depending on your investment strategy. For in-depth analysis, risk factors, and KPIs, check our detailed report on Utkarsh Small Finance Bank Financial Review Page

Utkarsh Small Finance Bank IPO subscription was 110.77 X. IPO subscription refers to applications received in an IPO by each quota, i.e., QIB, Retail, and NII. In some IPOs, Eligible employee quota and shareholder’s quota are also present. Learn more about IPO subscriptions here.

Utkarsh Small Finance Bank IPO listed at a listing price of 59.85 against the offer price of 25.00.

The current market price of Utkarsh Small Finance Bank is 24.43.

Services

IPO Advisory
IPO Advisory
In-depth, experienced and seamless execution throughout the IPO Process.
IPO Readiness
IPO Readiness
IPO Roadmap by improving Business Efficiencies, Financial Parameters and Corporate Structure to become IPO ready.
Fund Raising
Fund Raising
Fuelling a company's growth through Pre IPO Fund Raise, Private Equity, and Angel Investing.
SME : Business Scaling
SME Business Upscaling
Provide support to build a scalable SME business by unleashing the SME potential.
Post IPO Montoring
Post IPO Mentoring
Assisting with post IPO regulatory requirements and Performance Monitoring to achieve the milestone of Mainboard migration.

Thinking of
Listing Your Business through SME IPO?

We can help! Contact Us

Why Us?

  • Leading portal for IPOs
  • End to End Solutions
  • Known for Transparency