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Utkarsh Small Finance Bank Limited is a small bank in India that started in 2016. It has been witnessing rapid growth and success. The bank has positioned itself as a reliable institution in the market. Utkarsh SFB offers many services including accounts and deposits, cards, insurance and investments, loans, and convenient ways to bank. Let's discuss the details of the upcoming IPO of Utkarsh Small Finance Bank.
The IPO is scheduled from July 12, 2023, to July 14, 2023. The face value of each share is ₹10, and the price range for the IPO is set at ₹23 to ₹25 per share. The lot size for the IPO is 600 shares, and the total issue size is 200,000,000 shares, aggregating up to ₹500.00 Crores.
The IPO has allocated shares to the following investor categories.
- Anchor investors with 44.55%
- QIBs with 29.70%,
- NIIs (HNI) with 14.85%,
- Retail investors with 9.90%.
And, 1.00% of the shares are for Utkarsh Small Finance Bank employees.
As of March 31, 2023, the bank's total assets stood at ₹19,117.54 Crores, with a total revenue of ₹2,804.29 Crores. The net profit after tax was ₹404.50 Crores, and the net worth was ₹2,000.32 Crores. The bank has exhibited a positive trend in its financial indicators, including a P/E ratio of 6.78 and a Return on Net Worth (RoNW) of 20.22%.
This IPO aims to settle Utkarsh Small Finance Bank's capital base to fulfill future requirements. Utkarsh Small Finance Bank's IPO can be a great opportunity for investors. The bank's impressive financial performance, a wide range of services, and focus on meeting the financial needs of individuals and businesses make it a worthy investment.
- Bandana Gaur
Also read, The Versatile Journey of Anil Gehelani, CA and CFA Charterholder
