Utkarsh Small Finance Bank Ltd IPO Details

Issue Date To be announced
Price Band To be announced
Lot Size To be announced
Issue Size To be announced
Listing At NSE, BSE
QIB Shares Offered To be announced
Retail Shares Offered To be announced
NII (HNI) Shares Offered To be announced
Lead Managers ICICI Securities Limited, IIFL Securities Limited, Kotak Mahindra Capital Company Limited
Minimum Investment To be announced

IPO Schedule:

Issue Period To be announced
Finalization of Allotment To be announced
Initiation of Refunds To be announced
Credit of Shares To be announced
Date of Listing To be announced
Mandate end date To be announced
Anchor Investors Lock-In End Date To be announced

About The Company:

Varanasi-headquartered Utkarsh Small Finance Bank is among the leading SFBs in the country in terms of ROA and had the highest return on equity among the SFBs in the country in FY20. The bank has business in 22 states and union territories. It has 686 banking outlets and 12,617 employees as of March 31, 2022. It provides affordable banking services such as loans, accounts, deposits, and investments across India to fulfill the regular needs of customers.

The Utkarsh Small Finance Bank Limited has filed a DRHP worth over Rs.1,350 crore, with SEBI.

Strengths of the Company:

  • Deep understanding of the microfinance segment and strong rural and semi-urban franchise
  • Fast-growing deposits with strong retail liability franchise
  • Diversified distribution network with significant cross-selling opportunities
  • Robust risk management and effective operations resulting in superior asset quality
  • High standards of corporate governance with an experienced leadership team

Key Strategies:

  • Continue diversifying our retail asset portfolio
  • Grow retail deposits mix across geographies and customer segments to build a stable funding source
  • Increase share of fee income and capitalize on cross-selling opportunities
  • Increasing use of technology and digital offerings for last-mile delivery to customers

How Do I Apply for Utkarsh Small Finance Bank Ltd IPO?

You can apply for Utkarsh Small Finance Bank Ltd through your Demat & Trading Account using UPI ID by following the below two steps:

  • Visit Bajaj Securities App
  • Click Menu
  • Visit IPO/NCD
  • Enter your bid on BFSLTrade App
  • Accept UPI mandate on your payment mode

Once acceptance of the mandate is done, the bid amount will get blocked in your bank account.

Being a Bajaj Financial Securities Limited client, you have an edge as you can easily apply for Utkarsh Small Finance Bank Ltd IPO through BFSL Trading app using your UPI and also get IPO Funding* for up to 1 Crore.

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Disclaimer: Investments in securities markets are subject to market risks, read all the related documents carefully before investing. No need to issue cheques by investors while subscribing to IPO. No worries for refund as the money remains in investors account. BFSL is not providing any research or investment advice and should not be construed as solicitation. Investor’s discretion is required before investing by their own informed choice or after consulting financial advisors. Reg Office: Bajaj Auto Limited Complex , Mumbai –Pune Road Akurdi Pune 411035. Corp. Office : Bajaj Financial Securities Ltd,1st Floor, Mantri IT Park, Tower B, Unit No 9, Viman Nagar, Pune, Maharashtra 411014.. SEBI Registration No.: INZ000218931 | BSE Cash/F&O (Member ID: 6706) | NSE Cash/F&O (Member ID: 90177) | DP registration No : IN-DP-418-2019 | CDSL DP No.: 12088600 | NSDL DP No. IN304300 | AMFI Registration No.: ARN – 163403. Website: https://www.bajajfinservsecurities.in/ Online Trading & Stock Broking in India | Bajaj Financial Securities Limited Bajaj Financial Securities - Open a Trading and Demat account and start investing, saving up to 99%** on brokerage charges.

*IPO Financing is done through Bajaj Finance Limited. Bajaj Finance Limited (BFL or Lender) reserves the sole right to decide participation in any IPO and financing to the client shall be subject to credit assessment done by the lender. Also, BFL shall have full rights to decide the commercial terms for IPO and final application and financing shall be subject to all requirements being met by the client in a timely manner including documentation, account setup and payment of required Interest and Margin. Bajaj Finance Limited also reserves the exclusive rights to change any of the above-mentioned terms and conditions without prior notice to clients. UPI is mandatory to bid in all IPOs through our platform. As per exchange guidelines, all the UPI mandates will only be accepted till 5:00 PM on IPO closure day.

Data Source - DRHP

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