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Utkarsh Small Finance Bank Ltd IPO

Price Range (₹)

Rs. 23 – Rs. 25

Issue Size (₹ in Cr.)

Up to 500 crores

Minimum Quantity

600 shares

Bidding Period

July 12– 14, 2023

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About the Utkarsh Small Finance Bank Ltd IPO

- An Small Finance Bank in India and recorded the second fastest AUM growth between Fiscal 2019 and Fiscal 2022 among
SFBs with AUM of more than ₹ 50 billion.(Source: CRISIL Report)
- Utkarsh CoreInvest Limited, the promoter of the company has Commenced its operations as a NBFC in Fiscal 2010, later converted to a NBFC – MFI and was focused on providing microfinance to unserved and underserved segments and in particular in the states of Uttar Pradesh and Bihar.

Strengths

Sound understanding of microfinance segment and presence in rural and semi-urban areas
Utkarsh CoreInvest Limited has a history of serving customers in the microfinance segment with a particular focus on financial inclusion for unserved and underserved customer segments in rural/ semi-urban areas of Uttar Pradesh, Bihar, Jharkhand, Madhya Pradesh, Chhattisgarh and Uttarakhand.(Source: Company DRHP)

Growing deposits with focus on retail deposits
The company offer a variety of demand and time deposit products along with other services through which customers can address their savings and transactional needs.The product suite includes a range of deposit products including saving accounts, salary accounts, current accounts, recurring and fixed deposits (with callable and non-callable options) and locker facilities(Source: Company DRHP)

Diversified distribution network with significant cross-selling opportunities
As of March 31, 2022,the company has 686 Banking Outlets across 22 States and Union Territories covering 224 districts in India of which 434 Banking Outlets were located in rural and semi-urban areas (combined).(Source: Company DRHP)

Risks

The company is currently significantly dependent on microbanking segment, and any adverse developments in this segment could adversely affect business.
The company's financial performance significantly depends on microbanking segment, which in turn depends on various factors, including the ability of borrowers to repay their loan, changes in regulations and policies by the governments.These and other factors could lead to an increase in impairment losses and adversely affect business and results of operations.(Source: Company DRHP)

 

Any volatility in interest rates or inability to manage interest rate risk could adversely affect Net Interest Margins.
The company's results of operations are substantially dependent on Net Interest Income.Any change or volatility in interest rates would affect interest expense on interest-bearing liabilities and interest income from interest-bearing assets, and therefore affect Net Interest Income and Net Interest Margins.(Source: Company DRHP)

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  • lock-in of 3 years
    Select IPO

    Choose the IPO you want to apply from the list. Click on Apply.

  • lock-in of 3 years
    Fill in the required details

    Fill in the quantity of shares. To apply at maximum price, check the cut-off price box and amount is auto calculated. If you want to apply at some other price within the price band, then you can enter the price manually by clicking on “Add bid” option.

  • lock-in of 3 years
    Confirm your request

    Check the A/C, UPI details and click on proceed. You will get an UPI link by which payment can be made.

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