Utkarsh Small Finance Bank Ltd IPO

IPO Synopsis

Initial public offer of up to [*] equity shares of face value of Rs. 10 each (Equity shares) of Utkarsh Small Finance Bank Limited (The Bank) for cash at a price of Rs. [*] per equity share (Including a share premium of Rs. [*] per equity share) aggregating up to Rs. 1350 Crores (The offer) comprising a fresh issue of up to [*] Equity shares aggregating up to Rs. 750 Crores (The fresh issue) and an offer for sale of up to [*] equity shares by Utkarsh Coreinvest Limited (Promoter Selling shareholder, and such equity shares the offered shares) aggregating up to Rs. 600 Crores (The offer for sale). The offer includes a reservation Of up to [*] equity shares, aggregating up to Rs. [*] (Constituting up to [*]% of the post-offer paid-up equity share capital), for subscription by eligible employees (The Employee Reservation Portion). The offer less the employee reservation portion is hereinafter referred to as the Net offer. The offer and the net Offer shall constitute [*]% and [*]%, respectively, of the post-offer paid-up equity share capital of the bank. The Face Value of Equity Shares is Rs.10 each.

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