Utkarsh Small Finance Bank Limited has filed a DRHP worth over Rs.1,350 crore, with SEBI. The issue consists of a new issue worth Rs.750 crore and an offer to sell equity shares worth around Rs.600 crore. Utkarsh Small Finance Bank Limited provides microfinance options to underserved or unserved segments, particularly in the states of Bihar and Uttar Pradesh.
Headquartered in Varanasi, Utkarsh SFB is among the leading SFBs (Small Finance Banks) in the country in terms of ROA and they had the highest return on equity among the SFBs in the country. The company is spread widely across states having its presence in 18 states and union territories. Utkarsh Small Finance Bank Limited has 528 banking outlets with the support of 8.729 employees.
Utkarsh Small Finance Bank Limited provides affordable banking services - loans, accounts, deposits and investments across India to fulfil the regular needs of the customers.
The Promoter of this company is UTKARSH COREINVEST LIMITED. The lead managers of the issue are ICICI Securities Limited, IIFL Securities Limited, and Kotak Mahindra Capital Company Limited. The Registrar of this issue is KFin Technologies Private Limited.
Opening Date
Closing Date
Price Band
Issue Size
Face Value
Market Lot
Listing at NSE, BSE
IPO Open Date | To be announced |
---|---|
IPO Close Date | To be announced |
Allotment Date | To be announced |
Initiation Of Refunds | To be announced |
Credit Of Shares To Demat Account |
To be announced |
IPO Listing Date | To be announced |
UPI Mandate Expiry Date | To be announced |
Particulars (in Rs. Crores) | FY 2019 | FY 2020 | FY 2021 |
---|---|---|---|
Net profit for the year | 110.8 | 186.74 | 111.81 |
Average Shareholders’ Equity | 694.03 | 919.16 | 1119.40 |
Total Average Assets | 5014.23 | 7447.50 | 10690 |
Net profit as a percentage of Total Average Assets | 2.21% | 2.51% | 1.05% |
Net profit as a percentage of Average Shareholders’ Equity | 15.97% | 20.32% | 9.99% |
Average shareholders’ Equity as a % of Total Average Assets. Gross Loan Portfolio | 13.84% | 12.34% | 10.47% |
Gross Loan Portfolio | 47,415.50 | 66,599.99 | 84,156.60 |
Advances | 46,681.66 | 62,815.97 | 82,168.58 |
Net profit as a percentage of Gross Loan Portfolio | 2.34% | 2.80% | 1.33% |
Net profit as a percentage of advances | 2.37% | 2.97% | 1.36% |
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Utkarsh Small Finance Bank Limited has filed a DRHP worth over Rs.1,350 crore, with SEBI. The issue consists of a new issue worth Rs.750 crore and an offer to sell equity shares worth around Rs.600 crore.
There is no announcement regarding the date of allotment.
Details regarding the lot size of the IPO aren’t announced.
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