Utkarsh SFB IPO

Utkarsh SFB IPO | Review

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Utkarsh Small Finance Bank Limited has come up with an initial public offer (IPO). It will open on July 12-14, 2023 at Rs.23-25 a share. The IPO issue size is around Rs.500.00 crores. The minimum bid will be for 600 shares and in its multiples thereafter.


Utkarsh Small Finance Bank Limited was incorporated in the year 2016. It is recorded as the third fastest Gross Loan Portfolio growth between 2019 and 2023. It is focused on providing microfinance to unserved and underserved segments. The company has headquarters located in Varanasi, Uttar Pradesh. 

The banking operations are spread across India and are present in 26 States and Union Territories with 830 Banking Outlets and 15,424 employees. Bank’s operations are focused in rural and semi-urban areas and had 3.59 million customers.

Website https://www.utkarsh.bank/


Utkarsh CoreInvest Limited

Promoter Holding

Pre-Issue Shareholding – 84.75%Post-Issue Shareholding – 69.28%

Strength & Weakness

Sound understanding of microfinance segmentDependent on Key Managerial Personne
Presence in rural and semi-urban areasShow cause notice from SEBI
Growing deposits with focus on retail depositsLimited number of customers
Diversified distribution networkInadequate insurance coverage
Focus on risk managementMajor unsecured loan portfolio
Cost efficient operational performanceExposed to operational and credit risks


Accounts & DepositsCards


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Suryoday Small Finance BankFusion Micro Finance Ltd

Company Financials

YearRevenue (in Crore)Profit (in Crore)

Objects of Issue

1. To meet its future capital requirements.;

2. Meeting the expenses in relation to the Issue.

Utkarsh SFB IPO Lot Size

Retail (Min)1600Rs.15,000
Retail (Max)137,800Rs.1,95,000
S-HNI (Min)148,400Rs.2,10,000
S-HNI (Max)6639,600Rs.9,90,000
B-HNI (Min)6740,200Rs.10,05,000

Utkarsh SFB IPO Details

IPO Opening Date July 12, 2023
IPO Closing Date July 14, 2023
Face Value Rs.10 per Equity Share
IPO Price Rs.23-25 per share
Market Lot 600 shares
Minimum Order Quantity 600 shares
Listing At NSE, BSE
Fresh IssueUpto Rs.500.00 Crore
Issue Size Upto Rs.500.00 Crore
QIB Shares Offered 75% of the offer
Retail Shares Offered 10% of the offer 
NII/HNI Shares Offered 15% of the offer

Utkarsh SFB IPO Timetable

IPO DateJuly 12-14, 2023
Allotment DateJuly 19, 2023
Initiation of RefundsJuly 20, 2023
Credit of share to Demat a/cJuly 21, 2023
IPO Listing DateJuly 24, 2023

Allotment Status

KFintech  – https://ris.kfintech.com/ipostatus/

Book Lead Managers


About the author

Shankar Awale

Hey! I am Shankar Awale an aspiring blogger with an obsession for all things of Finance. This blog is dedicated to help people to learn about Financial Knowledge in easy language.

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