Utkarsh Small Finance Bank Limited IPO

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

To be announced

Closing Date

To be announced

Price Band

To be announced

Issue Size

To be announced

Face Value

To be announced

Market Lot

To be announced

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

IPO Financials

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%

How to apply in IPO via UPI on Dynami

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Why should you invest in the Utkarsh Small Finance Bank Limited IPO?

Below are your top reasons:

  • As of September 2021, Utkarsh Small Finance Bank Limited has had nearly 2.74 million customers including customers of credit and deposit.
  • Most of their customers hail from semi-urban and rural areas of Bihar, Uttar Pradesh, and Jharkhand contributing to 41.91%, 27.32%, and 6.74% of the total gross loan portfolio respectively.

Know before investing


A strong presence across 18 states and union territories with more than 528+ banking outlets throughout the country.

Its Micro banking portfolio is present in the 11 States and Union Territories.

Bank has opened 51 new Banking Outlets in Fiscal 2021 Confirming the positive growth even during the COVID pandemic. Plus, a Diversified distribution network with significant cross-selling opportunities.


Bigger SFB Competitors like Equitas, Ujjivan, Credit access, Bandhan and AU SFB are all doing great in this domain.

High dependency on top 5 depositors or top 20 depositors, which is getting reduced in last 3 financial years.

The bank is currently highly dependent on its micro banking segment. Particularly Joint Liability loan groups and any adverse development can result in Bank’s business

How to apply for Utkarsh Small Finance Bank Limited IPO ?

Retail investors need to apply for the IPO using UPI


  • Link your bank account to a UPI ID.
  • Register your UPI id with your Demat account.
  • Subscribe for Utkarsh Small Finance Bank Limited IPO and approve the payment on your UPI ID.

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