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Utkarsh Small Finance Bank has filed preliminary papers with markets regulator Sebi to raise Rs 1,350 crore through an initial share sale.
The Initial Public Offer (IPO) comprises fresh issue of equity shares worth Rs 750 crore and an offer of sale to the tune of Rs 600 crore by promoter Utkarsh Coreinvest Ltd, according to the Draft Red Herring Prospectus (DRHP) filed with Sebi.
The Varanasi-headquartered lender said it may also consider raising Rs 250 crore through a pre-IPO placement which would be in consultation with the lead managers to the issue.
Proceeds from the fresh issue would be utilised to augment
