Utkarsh Small Finance Bank IPO Start Date, Last Date, Allotment Date, Price Band, Lot Size

- Advertisement -

Utkarsh Small Finance Bank is going to sell its shares to the public. The sale will start on July 12 and end on July 14. The bank has set the price of each share between Rs 23 and Rs 25. The IPO aims to raise Rs 500 crores. Retail investors can buy a minimum of 600 shares and a maximum of 13 lots. One lot of shares costs Rs 15,000.

The money raised from the IPO will be used to strengthen Utkarsh Small Finance Bank’s capital base. This will help the bank to meet its future capital requirements.

IPO Important Details

  • Issue period: 12 July 2023 to 14 July 2023
  • Type of issue: Fresh issue of Rs 5,000 million (m)
  • Price band: Rs 23 to Rs 25 per share
  • Face value: Rs 10 per equity share
  • Lot size: 600 shares
  • Application limit: Maximum one lot for retail investors
    The company has reserved not less than 75% shares of the offer for qualified institutional buyers (QIB). It has reserved not less than 15% for non-institutional buyers (HNI). Hence not more than 10% of shares are available for retail individual investors.
  • Tentative IPO allotment date: 19 July 2023
  • Tentative listing date: 24 July 2023

Utkarsh Small Finance Bank’s Data

ParticularsFY23FY22FY21
Total Income₹2,804 crore₹2,033 crore₹1,705 crore
Net Profit₹404 crore₹61 crore₹111 crore

As of March 2023, Utkarsh Small Finance Bank’s gross loan portfolio stood at Rs 13,957.11 crore, a significant increase from Rs 8,415.66 crore in March 2021. Additionally, the bank’s disbursements rose from Rs 5,914.01 crore in fiscal 2021 to Rs 12,442.89 crore in fiscal 2023. The bank also experienced growth in its deposits, which increased from Rs 7,507.57 crore to Rs 13,710.14 crore during the same period.

Comparison of Utkarsh Small Finance Bank with other banks

CompanyTotal Income (2023)
(Rs in m)
Net Profit
(Rs in m)
Utkarsh Small Finance Bank28,042.94,045.0
Equitas Small Finance Bank48,314.65,735.9
Ujjivan Small Finance Bank47,541.910,999.0
Credit Access Grameen35,507.935,507.6
Spandana Sphoorty Financials14,770.313,286.6
Bandhan Bank183,732.521,946.4
AU Small Finance Bank92,398.792,398.7
Suryoday Small Finance Bank12,811.0777.0
Fusion Micro Finance17,999.73,871.5
- Advertisement -

Share this article...

Comments

LEAVE A REPLY

Please enter your comment!
Please enter your name here

More News...

Latest

Gold was so cheap in year 2000, Check Last 25 years Gold Rate

You will be surprised to know the Gold Rate in 2000, Check Last 25 years Gold Rate

Income Tax Department Recovers Rs.40 Crore Cash During Raids on Shoe Traders in Agra

Income Tax Department Recovers Rs. 40 Crore in Cash During Raids on Shoe Traders in Agra

Russian Court Orders Seizure of Deutsche Bank’s Assets, But Why?

Russian Court Orders Seizure of Deutsche Bank's Assets in Lawsuit Over Gas Processing Plant Construction Project

Man in UP received Rs 9,900 Crore in his Bank Account, Bank froze his account

Bank Account Software Glitch Leads to a Shocking Rs 9,900 Crore Balance in Uttar Pradesh Man's Account

Consumer Forum directs SBI to compensate customer for card cloning fraud

Consumer Forum directs SBI to compensate customer for card cloning fraud

Baroda Gramin Bank Officers protest against Regional Manager

Baroda Gramin Bank Officers protest against Regional Manager

PNB Bank Manager’s Wife commits suicide, Family says she was forced for Dowry

PNB Bank Manager's Wife commits suicide, Family says she was forced for Dowry

J&K High Court says Excess Salary paid to employee can’t be recovered after retirement

Jammu and Kashmir High Court Rules Against Recovery of Excess Payments to Retired Employee

Madras High Court: Employees Cannot Be Denied Pensionary Benefits Due To Administrative Delays

Landmark Ruling by Madras High Court: Administrative Delays Cannot Deprive Employees of Pensionary Benefits

Latest News