Utkarsh Small Finance Bank IPO GMP, Utkarsh Small Finance Bank Grey Market Premium
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. The IPO of Utkarsh Small Finance Bank Ltd is expected in the year 2022. 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 1350 crore through IPO (Initial public offering).
Utkarsh Small Finance Bank IPO will open on February 2022 and close on February 2022. The price band of the Utkarsh Small Finance Bank IPO is ₹- to ₹-. The company is looking to raise around ₹1350 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 - February 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 has made a profit of ₹186.74 crores in the financial year 2020. Utkarsh Small Finance Bank IPO Size is ₹- crores. In this IPO, approx ₹600 will be sold under OFS (Offer for sale) and approx ₹750 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 ₹- per equity share.
We will talk about Utkarsh Small Finance Bank's financial, benefits, and risks of investing in the company.
Read About
What is Utkarsh Small Finance Bank IPO GMP Today?
Utkarsh Small Finance Bank IPO GMP is ₹-.
What is the Utkarsh Small Finance Bank IPO Date?
Utkarsh Small Finance Bank's IPO Opening date is February 2022.
What is Utkarsh Small Finance Bank IPO Expected Return?
Utkarsh Small Finance Bank IPO Expected Returns is approx -%.
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 the 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.
Important Links:
- Utkarsh Small Finance Bank Website
- Utkarsh Small Finance Bank DRHP
- Utkarsh Small Finance Bank RHP
Purpose of the offer
- The company in its offer is offering fresh equity shares worth Rs 750 crore and an offer for sale (OFS) of ₹600 crores by the promoters.
- 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 has not started yet]
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Utkarsh Small Finance Bank IPO Date and Price Band Details
Utkarsh Small Finance Bank IPO open date: February 2022, Closing date: February 2022, and Listing date: February 2022. The price band of Utkarsh Small Finance Bank IPO is ₹- to ₹-per share. Utkarsh Small Finance Bank IPO issue size is Rs 1350 crores. Utkarsh Small Finance Bank Ipo retails portion is 10%, QIB Portion is 75%, and NII Portion is 15%.
| IPO Open: | February 2022 |
| IPO Close: | February 2022 |
| Listing Date: | February 2022 |
| Listing On: | NSE & BSE |
| IPO Size: | Approx ₹1350 Crores |
| Fresh Issue: | Approx ₹750 Crores |
| Offer For Sale: | Approx ₹600 Crores |
| Price Band: | ₹- to ₹- 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 - shares with ₹- application amount and the maximum lot size is - shares with ₹- application amount.
| Minimum Lot: | 01 |
| Minimum Lot Size: | - Shares |
| Minimum Amount: | ₹- |
| Maximum Lot: | 13 |
| Maximum Lot Size: | - Shares |
| Maximum Amount: | ₹- |
Utkarsh Small Finance Bank IPO Allotment & Listing Date
| Ipo Opening Date: | February 2022 |
| IPO Closing Date: | February 2022 |
| Basis of Allotment: | February 2022 |
| Refund Date: | February 2022 |
| Credit to Demat Account: | February 2022 |
| Listing Date: | February 2022 |
Utkarsh Small Finance Bank IPO Review
HappiestPost View: To be updated.
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- Motilal Oswal: 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 |
|---|---|---|---|
| 2018 | ₹4,493.93 | ₹544.75 | -₹77.43 |
| 2019 | ₹6,238.85 | ₹958.25 | ₹110.87 |
| 2020 | ₹9,404.32 | ₹1,406.24 | ₹186.74 |
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 ₹186.74 crores in the financial year 2020, however, in the financial year 2019, the company was at a loss. A big question is whether the company will continue to be profitable for years to come. Our suggestion will be updated when Utkarsh Small Finance Bank IPO price band and other IPO details are announced. Financial details and other information of 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 ₹- as of today.
What is Utkarsh Small Finance Bank IPO Opening Date?
Utkarsh Small Finance Bank IPO Opening date is February 2022.
What is the Utkarsh Small Finance Bank IPO Closing Date?
Utkarsh Small Finance Bank IPO Closing date is February 2022.
What is the Utkarsh Small Finance Bank IPO Allotment date?
Utkarsh Small Finance Bank IPO Allotment Date is February 2022.
What is Utkarsh Small Finance Bank IPO Listing Date?
Utkarsh Small Finance Bank IPO Date is February 2022.
What is Utkarsh Small Finance Bank IPO Kostak Rate?
Utkarsh Small Finance Bank IPO Kostak rate is ₹-.
What is Utkarsh Small Finance Bank IPO Expected Returns?
Utkarsh Small Finance Bank IPO Expected Returns is -%.
Read More:
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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