Incorporated in 2016, Utkarsh Small Finance Bank Limited is an SFB (Small Finance Bank) in India and recorded the second fastest AUM growth in the years Fiscal 2019 and Fiscal 2022 among SFBs with AUM of more than Rs. 50 billion.
The bank extends its facilities to individuals and businesses to assist them with their financial requirements.
The services offered by Utkarsh SFB include:
- Accounts and Deposits
- Cards
- Insurance and Investments
- Loans
- Ways to Bank
Customers of Utkarsh Small Finance Bank Limited can avail of features like Top-up/Balance Transfer facility, Hassle-free processing with Easy Documentation Process, Avail loan up to Rs. 50 crores and Tenure up to 30 years, and efficient eligibility for salaried and self-employed individuals.
The company has a diverse product portfolio and microfinance remain a focused business segment.
The asset products of the entity include
- micro banking loans - joint liability group loans and individual loans
- retail loans - unsecured loans, and secured loans
- wholesale lending - short-term and longterm loan
- housing loans with a focus on affordable housing
- commercial vehicle/construction equipment loans
- gold loans
| Purpose | Amount (₹ Cr) |
|---|---|
| 1 Gross proceeds of the Issue | ₹500 |
| Metric | 31 Mar 2020 | 31 Mar 2021 | 31 Mar 2022 |
|---|---|---|---|
| Total Assets | 9,404 | 12,138 | 15,064 |
| Revenue | 1,406 | 1,706 | 2,034 |
| PAT | 187 | 112 | 61 |
| Net Worth | 1,020 | 1,368 | 1,572 |
| Reserves | 260 | 520 | 677 |
| Total Borrowing | 2,675 | 2,608 | 2,572 |
| Category | Sub (x) | Offered | Bid For |
|---|---|---|---|
| QIB | — | 148,500,000 (74%) | — |
| NII / HNI | — | 29,700,000 (15%) | — |
| Retail (RII) | — | 19,800,000 (10%) | — |
| Employee | — | 2,000,000 (1%) | — |
| Total | — | 200,000,000 (100%) | — |
* Amount calculated at upper price band (₹25) · ** Total includes all investor categories
- 1 Initiation of Refund 20 Jul 2023
- 2 Credit of Shares to Demat 21 Jul 2023
- 3 Lock-in Period (30%) August 18, 2023
- 4 Lock-in Period (50%) October 17, 2023
- Retail allocation is weak at 10% of the total offering.
- HNI/NII demand is good at 15%.
- Institutional (QIB) interest is strong at 74%.
- The IPO P/E of 7x reflects a strong valuation relative to typical market ranges.
- Pre-issue EPS of ₹5.
This IPO shows moderate investor interest. Review financial details and compare valuation with industry peers before investing.
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