Business Standard

Utkarsh Small Finance Bank Ltd - IPO

Issue Type

Book Building

Issue Size (₹ Cr.)

500.00 cr

Price Range (₹)

25

Lot Size

600

Min Investment (₹)

15,000.00

Listing Exchange

MumbaiNSE

Open Date

12-Jul-2023

Close Date

14-Jul-2023

Listing Date

21-Jul-2023

Utkarsh Small Finance Bank Ltd News

    The Shares of Utkarsh Small Finance Bank Ltd have now been listed.

    Utkarsh Small Finance Bank Ltd IPO Details

    Initial public offer of 200,000,000 equity shares* of face value of Rs. 10 each (Equity Shares) of Utkarsh Small Finance Bank Limited (The Bank) for cash at a price of Rs. 25 per equity share (including a share premium of Rs. 15 per equity share) (the Issue Price) aggregating to Rs. 500.00 crores* (the Issue). The issue includes a reservation of 2,000,000 equity shares*, aggregating to Rs. 5.00 crores* (constituting 1% of the size of the issue), for subscription by eligible employees (the Employee Reservation Portion). The issue less the employee reservation portion is hereinafter referred to as the Net Issue. The issue and the net issue shall constitute 18.25% and 18.07%, respectively, of the post-issue paid-up equity share capital of the bank. The face value of the equity shares is Rs. 10 each and the issue price is 2.50 times the face value of the equity shares. *Subject to finalisation of basis of allotment

    Objective of issue

    To be utilised towards Augmentation of the Bank's Tier-I Capital base to meet the Bank's future capital requirements.

    Utkarsh Small Finance Bank Ltd Contact Details

    Utkarsh Small Finance Bank Ltd, Karvy Selenium Tow-B, 31&32 Financial Dist, Nanakramguda, Hyderabad-500032

    Phone - 91-40-67162222

    Fax - 91-40-23001153/23420814

    Email - shareholders@utkarsh.bank

    Website - www.utkarsh.bank