Table of Contents
Introduction:
Are you searching for a promising investment opportunity that combines the potential for significant growth with a solid foundation? Look no further than the Utkarsh Small Finance Bank Limited IPO. With its upcoming initial public offering (IPO), Utkarsh Small Finance Bank offers investors a chance to participate in its growth story and tap into the promising world of small finance banks. In this article, we will delve into the bank’s journey, highlight its key features, and explore why this IPO stands out as an attractive investment option.
Utkarsh Small Finance Bank IPO Details
- IPO Date : Jul 12, 2023 to Jul 14, 2023.
- Listing Date : 24 July 2023.
- Face Value : ₹10 per share.
- Lot Size : 600 Shares.
- Total Issue Size : 200,000,000 shares(aggregating up to ₹500.00 Cr).
- Fresh Issue : 200,000,000 shares(aggregating up to ₹500.00 Cr).
- Issue Type : Book Built Issue IPO.
- Listing At : BSE, NSE.
- Share holding pre issue : 895,521,522.
- Share holding post issue : 1,095,521,522.
Utkarsh Small Finance Bank: A Brief Overview
Utkarsh Small Finance Bank, a subsidiary of Utkarsh CoreInvest Limited, is a rapidly growing small finance bank in India. Established in 2009 as a microfinance institution, Utkarsh has since evolved into a full-fledged bank, catering to the financial needs of underbanked and unbanked segments of society. The bank operates with a mission to provide accessible and affordable financial services to the unserved and underserved population, promoting financial inclusion and empowerment.
What is the size of Utkarsh IPO
Utkarsh Small Finance Bank IPO Lot Size
The Utkarsh Small Finance Bank IPO lot size is 600 shares.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 600 | ₹15,000 |
| Retail (Max) | 13 | 7800 | ₹195,000 |
| S-HNI (Min) | 14 | 8,400 | ₹210,000 |
| S-HNI (Max) | 66 | 39,600 | ₹990,000 |
| B-HNI (Min) | 67 | 40,200 | ₹1,005,000 |
Key Highlights of Utkarsh Small Finance Bank Limited IPO:
- Strong Financial Performance: The bank’s financials have reflected steady growth, with a focus on sustainable and inclusive banking practices.
- Expanding Branch Network: Utkarsh Small Finance Bank has been expanding its branch network strategically, reaching out to underserved regions across the country.
- Technology-Driven Approach: Utkarsh Small Finance Bank embraces technology to enhance operational efficiency and provide a seamless banking experience.
- Diverse Product Portfolio: The bank offers a comprehensive range of products and services tailored to meet the diverse financial needs of its customers. From savings accounts and fixed deposits to loans and insurance, Utkarsh Small Finance Bank covers a wide spectrum of banking solutions.
Company Financials
| Period Ended | Total Assets | Total Revenue | Profit After Tax | Net Worth | Reserves and Surplus | Total Borrowing |
|---|---|---|---|---|---|---|
| 31-Mar-20 | 9,404.32 | 1,406.18 | 186.74 | 1,019.50 | 260.23 | 2,675.04 |
| 31-Mar-21 | 12,137.91 | 1,705.84 | 111.82 | 1,368.35 | 520.02 | 2,607.83 |
| 31-Mar-22 | 15,063.77 | 2,033.65 | 61.46 | 1,572.30 | 676.78 | 2,571.94 |
| 31-Mar-23 | 19,117.54 | 2,804.29 | 404.50 | 2,000.32 | 1,104.42 | 2,349.48 |
| Amount in ₹ Crore |
Why Invest in Utkarsh Small Finance Bank Limited IPO?
- Growing Market Potential: As a small finance bank, Utkarsh operates in a niche segment with tremendous growth potential.
- Promoting Financial Inclusion: By investing in the Utkarsh bank’s IPO, you align your investment with a socially responsible and impactful initiative.
- Impressive Track Record: The bank’s track record of growth and profitability instills confidence in its future prospects.
- Competitive Advantage: Utkarsh Small Finance Bank possesses a competitive edge through its customer-centric approach, extensive branch network, and innovative use of technology.
Frequently Asked Questions (FAQs):
Q: Is it safe to invest in Utkarsh Small Finance Bank IPO?
A: Yes, Absolutely safe to invest in Utkarsh Small Finance Bank IPO.
Q: What is the GMP of Utkarsh Small Finance Bank?
A:
| Date | GMP (grey market price) |
|---|---|
| 13th July 2023 | ₹17 |
| 12th July 2023 | ₹16 |
| 11th July 2023 | ₹16 |
| 10th July 2023 | ₹14 |
| 09th July 2023 | ₹16 |
| 08th July 2023 | ₹15 |
Q: Is Utkarsh Small Finance Bank private or public?
A: Non-govt company.
Q: Who is the CEO of utkarsh?
A: Mr. Govind Singh.
Q: Who are utkarsh bank competitors?
A: NRSP Microfinance Bank, Sumitomo Mitsui Trust Bank, Bank Mandiri and Coastline Advice.
Q: Is Utkarsh Bank good or bad?
A: Good.
Q: Is utkarsh bank under rbi?
A: Yes!!
Q: How old is utkarsh bank?
A: Utkarsh Small Finance Bank was founded in 2009.
Q: How many branches of utkarsh bank in India?
A: Utkarsh Small Finance Bank has 839 branches.
Q: How can I invest in Utkarsh Small Finance Bank Limited IPO? A: To invest in the Utkarsh Small Finance Bank IPO, you can follow the process outlined by the issuing bank and the regulatory authorities. It usually involves opening a Demat account, filling out the application form, and submitting it through designated channels.
Q: What is the expected price range of the Utkarsh Small Finance Bank IPO? A: The pricing details of the Utkarsh Small Finance Bank IPO will be disclosed closer to the IPO date. It is advisable to refer to reliable sources such as the official prospectus or financial news outlets for the most accurate information.
Q: Can retail investors participate in the Utkarsh Small Finance Bank IPO? A: Yes, retail investors can participate in the Utkarsh Small Finance Bank IPO. The IPO generally provides an opportunity for investors across different categories, including retail investors, to subscribe to the shares offered.
Wrap-up: A Golden Opportunity Awaits
In conclusion, the Utkarsh Small Finance Bank Limited IPO presents a unique opportunity for investors seeking to capitalize on the growth potential of small finance banks in India. With its strong financial performance, expanding branch network, technology-driven approach, and commitment to financial inclusion, Utkarsh Small Finance Bank is well-positioned for future success.
By investing in the Utkarsh Small Finance Bank IPO, you not only gain the potential for attractive returns but also contribute to promoting financial inclusion and empowerment. As with any investment, it is crucial to conduct thorough research, assess your risk appetite, and seek guidance from financial professionals before making any investment decisions.
So, why wait? Explore the possibilities and embark on this exciting investment journey with Utkarsh Small Finance Bank Limited IPO.
Disclaimer:
The information provided in this blog post is for educational and informational purposes only. It should not be construed as financial advice or a recommendation to buy or sell any securities. Always do your own research and consult with a qualified financial advisor before making investment decisions.
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