12 July 2023
14 July 2023
Rs. 500.00 Cr
24 July 2023
₹ 23 to ₹ 25 per share
Utkarsh Small Finance Bank Limited is an SFB (Small Finance Bank) in India and recorded the second fastest AUM growth in Fiscal 2019 and Fiscal 2022 among SFBs with AUM of more than Rs. 50 billion. The company has a diverse product portfolio and microfinance remain a focused business segment.
Objective of the Utkarsh Small Finance Bank IPO: The company intends to utilize the net proceeds from the issue towards the funding of the following objects: 1. Augmenting its Tier-1 capital base to meet its future capital requirement 2. Meeting the expenses in relation to the Issue.
Utkarsh Small Finance has IPO lot size is 600 shares.
The IPO comprises a total issue of 200,000,000 shares (aggregating up to ₹500.00 Cr)
The allotment date of Utkarsh Small Finance Bank IPO is set for 19th July.
The book-running lead manager to the offer are ICICI Securities Ltd, and Kotak Mahindra Capital Company Limited.