Utkarsh Small Finance Bank IPO GMP, Grey Market Premium Today
Know about Utkarsh Small Finance Bank IPO: Utkarsh Small Finance Bank IPO GMP (Utkarsh Small Finance Bank Grey Market Premium), Utkarsh Small Finance Bank IPO Date, Utkarsh Small Finance Bank IPO Review, Utkarsh Small Finance Bank IPO Benefits & Risks. We will update VLCC Health Care GMP daily. Also, all information related to Utkarsh Small Finance Bank IPO like price band, all dates, issue size and retail parts etc. All the important information about Utkarsh Small Finance Bank IPO is given below.
Utkarsh Small Finance Bank IPO
Utkarsh Small Finance Bank is a small finance bank based in Varanasi that aims to financially empower the low-income group. Utkarsh Small Finance Bank Ltd Has filed its DRHP (Draft Red Herring Prospectus) with market regulator SEBI (Securities and Exchange Board of India) to raise around Rs 500 crore through IPO (Initial public offering).
Utkarsh Small Finance Bank IPO will open on 12 July 2023 and 14 close on July 2023. The price band of the Utkarsh Small Finance Bank IPO is ₹23 to ₹25. The company is looking to raise around ₹500 crores through an initial public offering (IPO). Utkarsh Small Finance Bank IPO QIB quota is 75%, NII quota is 15% and RII quota is 10%. Utkarsh Small Finance Bank's IPO listing date is 24 July 2022. You can know about Utkarsh Small Finance Bank Limited IPO GMP (Grey Market Premium) below.
Utkarsh Small Finance Bank has given average financial performance. The company made a profit of ₹404.50 crores in the financial year 2023. Utkarsh Small Finance Bank IPO Size is ₹500 crores. In this IPO, approx ₹0 will be sold under OFS (Offer for sale) and approx ₹500 Crores worth of equity shares will be sold under fresh issue. The IPO of Utkarsh Small Finance Bank will be listed on NSE and BSE. Utkarsh Small Finance Bank IPO face value is ₹10 per equity share.
We will talk about Utkarsh Small Finance Bank's financial, benefits, and risks of investing in the company.
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What is Utkarsh Small Finance Bank IPO GMP Today?
Utkarsh Small Finance Bank IPO GMP is ₹15.
What is the Utkarsh Small Finance Bank IPO Date?
Utkarsh Small Finance Bank's IPO Opening date is 12 July 2023.
What is Utkarsh Small Finance Bank IPO Expected Return?
Utkarsh Small Finance Bank IPO Expected Returns is approx 64%.
About Utkarsh Small Finance Bank Limited
Utkarsh Small Finance Bank Limited provides financial services to underserved and underserved low-income group people across India. Utkarsh Small Finance Bank was started in the year 2009. Utkarsh Small Finance Bank is now working as a microfinance business bank, the aim of the bank is to reach its financial facilities to low-income people.
Utkarsh Small Finance Bank gives its customers the hope to fulfill their dreams and needs. The company has so far expanded its services to 112 districts across 11 states. Presently Utkarsh Small Finance Bank has around 500 banking outlets and more than 25 lakh satisfied customers.
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Purpose of the offer
- The company in its offer is offering fresh equity shares.
- To prepay/repay all or a part of the dues raised by the company.
- To meet general corporate objectives.
Utkarsh Small Finance Bank GMP Today (Grey Market Premium)
[Note: Utkarsh Small Finance Bank Ltd IPO GMP is given below]
| DATE | GMP | KOSTAK | Subject to Sauda |
|---|---|---|---|
| 24 July | ₹15 | ₹200 | ₹6000 |
| 23 July | ₹15 | ₹200 | ₹6000 |
| 22 July | ₹15 | ₹200 | ₹6000 |
| 21 July | ₹15 | ₹200 | ₹6000 |
| 20 July | ₹15 | ₹200 | ₹6000 |
| 19 July | ₹15 | ₹200 | ₹6000 |
| 18 July | ₹15 | ₹200 | ₹6000 |
| 15 July | ₹15 | ₹200 | ₹6000 |
| 14 July | ₹15 | ₹200 | ₹6000 |
| 13 July | ₹15 | ₹200 | ₹6000 |
| 12 July | ₹15 | ₹ | ₹ |
| 11 July | ₹15 | ₹ | ₹ |
| 10 July | ₹15 | ₹- | ₹- |
| 09 July | ₹12 | ₹- | ₹- |
| 08 July | ₹12 | ₹- | ₹- |
Utkarsh Small Finance Bank IPO Date and Price Band Details
Utkarsh Small Finance Bank IPO open date: 12 July 2023, Closing date: 14 July 2023, and Listing date: 24 July 2023. The price band of Utkarsh Small Finance Bank IPO is ₹23 to ₹25 per share. Utkarsh Small Finance Bank IPO issue size is Rs 1350 crores. Utkarsh Small Finance Bank Ipo retail portion is 10%, QIB Portion is 75%, and NII Portion is 15%.
| IPO Open: | 12 July 2023 |
| IPO Close: | 14 July 2023 |
| Listing Date: | 24 July 2023 |
| Listing On: | NSE & BSE |
| IPO Size: | Approx ₹500 Crores |
| Fresh Issue: | Approx ₹500 Crores |
| Offer For Sale: | Approx ₹0 Crores |
| Price Band: | ₹23 to ₹25 per share |
| Face Value: | ₹10 per Equity share |
| QIB Portion: | 50% |
| Retail Portion: | 35% |
| NII Portion: | 15% |
| Employee Res: | Not Disclosed |
Utkarsh Small Finance Bank IPO Market Lot & Size
Utkarsh Small Finance Bank IPO's minimum lot size is 600 shares with ₹15,000 application amount and the maximum lot size is 7,800 shares with ₹195,000 application amount.
| Minimum Lot: | 01 |
| Minimum Lot Size: | 600 Shares |
| Minimum Amount: | ₹15,000 |
| Maximum Lot: | 13 |
| Maximum Lot Size: | 7,800 Shares |
| Maximum Amount: | ₹195,000 |
Utkarsh Small Finance Bank IPO Allotment & Listing Date
| Ipo Opening Date: | 12 July 2023 |
| IPO Closing Date: | 14 July 2023 |
| Basis of Allotment: | 19 July 2023 |
| Refund Date: | 20 July 2023 |
| Credit to Demat Account: | 21 July 2023 |
| Listing Date: | 24 July 2023 |
Utkarsh Small Finance Bank IPO Review
HappiestPost View: To be updated.
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Utkarsh Small Finance Bank Ipo Review
[Not rated yet (To be updated)]
Review For Listing Gain
Review For Short term
Review For Long term
Strength
- The company has a strong presence along with a focus on rural areas.
- The company has an experienced management team and directors.
- The main focus of the company is to provide its financial solutions to the lower-middle-income group.
- The company had made a profit of ₹ 186.74 crores in FY 2021.
- The company has so far expanded its services to 112 districts in 11 states.
- Presently Utkarsh Small Finance Bank has a strong customer base of around 500 banking outlets and more than 15 lakh satisfied customers.
Risks
- Any reason, increase in Non-Performing Assets (NPA) or provisions of the Company, may have a negative impact on the Company in future.
- The impact of the COVID-19 pandemic on Utkarsh Small Finance Bank is still unknown.
- Any disruption in the bank's funding sources can have a negative impact on the bank's growth.
- Any reduction in a company's credit rating can have a negative impact on their access to financing and credit markets.
- The company had a loss of ₹73.43 crores in the financial year 2018.
Utkarsh Small Finance Bank Financials
Utkarsh Small Finance Bank Financials(in Crores)
| Year | Total Assets | Revenue | Profit |
|---|---|---|---|
| 2021 | ₹12137.91 | ₹1705.84 | ₹111.82 |
| 2022 | ₹15063.77 | ₹2033.65 | ₹61.46 |
| 2023 | ₹19117.54 | ₹2804.29 | ₹404.50 |
Promoters
The promoters of the company are:
- Utkarsh Coreinvest Limited
- And others
Contact Details of Utkarsh Small Finance Bank
Utkarsh Small Finance Bank Limited
S-24/1-2, First Floor, Mahavir Nagar, Orderly Bazar,
Varanasi, 221 002, Uttar Pradesh, India;
Tel: +91 54225 00596
E-mail: shareholders@utkarsh.bank
Website: https://www.utkarsh.bank
Utkarsh Small Finance Bank Lead Managers
- IIFL Securities Limited
- JM Financial Limited
- ICICI Securities Limited
- CLSA India Private Limited
Utkarsh Small Finance Bank IPO Registrars
KFin Technologies Private Limited
Selenium Tower-B, Plot 31 & 32, Gachibowli
Financial District, Nanakramguda, Serilingampally
Hyderabad 500 032
Telangana, India
Tel: +91 40671 62222
E-mail: utkarsh.ipo@kfintech.com
Website: www.kfintech.com
Conclusion
In view of the financial position of Utkarsh Small Finance Bank Limited, the company has an average financial track record. The company has made a profit of ₹404.50 crores in the financial year 2023, however, in the financial year 2022, the company has a profit of 61 crores. Our suggestion will be updated when Utkarsh Small Finance Bank IPO price band and other IPO details are announced. Financial details and other information about Utkarsh Small Finance Bank Limited are provided above.
Utkarsh Small Finance Bank IPO FAQs
What is Utkarsh Small Finance Bank IPO GMP Today?
Utkarsh Small Finance Bank IPO GMP is ₹15 as of today.
What is Utkarsh Small Finance Bank IPO Opening Date?
Utkarsh Small Finance Bank IPO Opening date is 12 July 2023.
What is the Utkarsh Small Finance Bank IPO Closing Date?
Utkarsh Small Finance Bank IPO Closing date is 14 July 2023.
What is the Utkarsh Small Finance Bank IPO Allotment date?
Utkarsh Small Finance Bank IPO Allotment Date is 19 July 2023.
What is Utkarsh Small Finance Bank IPO Listing Date?
Utkarsh Small Finance Bank IPO Date is 24 July 2023.
What is Utkarsh Small Finance Bank IPO Kostak Rate?
Utkarsh Small Finance Bank IPO Kostak rate is ₹200.
What is Utkarsh Small Finance Bank IPO Expected Returns?
Utkarsh Small Finance Bank IPO Expected Returns is 64%.
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For other important information related to the stock market and Grey Market Premium, Costak rate, you can click on the links given below.
How to Apply the Utkarsh Small Finance Bank Ltd IPO with Zerodha?
1. Open your Zerodha kite app and visit the Account tab, then see for console and click on IPO.
2. If you are a Desktop user then Log in to Console on Zerodha Website. Go to Portfolio and Click on IPO.
3. You will see the IPO name "Utkarsh Small Finance Bank Ltd".
4. Then, Click on Bid Button.
5. Then, Enter your UPI ID.
6. Then, Fill in Quantity and Price. (we recommend, you should choose the cutoff price.)
7. Then Submit the IPO Application Form.
8. Now go to your UPI App (PhonePe, Google Pay, etc) or BHIM App to Approve the mandate.
7. Then Submit the IPO Application Form.
8. Now go to your UPI App (PhonePe, Google Pay, etc) or BHIM App to Approve the mandate.
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