Utkarsh Small Finance Bank Limited IPO
Utkarsh Small Finance Bank Limited IPO
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Utkarsh Small Finance Bank Limited's achieved publicly listed status following its IPO debut on 21-07-2023 at the NSE, BSE platform. The offering successfully mobilized 20,00,00,000 Shares, with 20,00,00,000 Shares allocated to corporate growth initiatives.
Investment participation occurred within the established price band of ₹23 to ₹25, starting from minimum lots of 600 shares. The subscription window from 12-07-2023 through 14-07-2023 enabled investor participation across market segments.
Share allocation was completed on 18-07-2023, determining ownership distribution among successful applicants. The listing represents a milestone achievement, transitioning the company to regulated public market status with associated responsibilities and opportunities.
Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.
Utkarsh Small IPO About Company
Incorporated in 2016, Utkarsh Small Finance Bank Limited is one of India’s Small Finance Banks and has been among the fastest-growing SFBs in terms of AUM in FY19 and FY22. The bank offers a wide range of financial products including accounts, deposits, cards, insurance, investments, and various loan products catering to individuals, small businesses, and self-employed customers. It provides benefits like easy documentation, top-up/balance transfer facilities, and loans up to ₹50 crores with tenure up to 30 years. The bank’s portfolio spans micro banking loans, retail loans (secured and unsecured), wholesale lending, affordable housing loans, gold loans, and vehicle/construction equipment loans.
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
Utkarsh Small IPO Strength Factors
NA
Utkarsh Small IPO Risk Factors
NA
Utkarsh Small IPO Lead Manager(s)
- ICICI Securities Limited
- Kotak Mahindra Capital Company Limited
Utkarsh Small IPO Promoter(s)
- Utkarsh CoreInvest Limited
Utkarsh Small IPO FAQs
Utkarsh Small Finance Bank Limited IPO subscribed 110.77 times. The public issue subscribed 78.37 times in the retail category,135.71times in QIB, and 91.83 times in the HNI (10+) category byNovember 10, 2025 7:47:50 AM (Day 10).
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
Utkarsh Small IPO IPO Investor Categories
The offer proceeds will be utilised towards the following investor categories in compliance with SEBI regulations:
Qualified Institutional Buyers (QIB)
Financial Institutions, Banks, FIIs, and Mutual Funds registered with SEBI are called QIBs. In most cases, QIBs represent small investors who invest through mutual funds, ULIP schemes, and pension schemes.
Non-Institutional Investors (NII / HNI)
Retail Individual Investors (HNI), NRIs, Companies, Trusts, etc. who bid for shares worth more than ₹2 lakhs are known as Non-Institutional Bidders. Unlike QIBs, they do not need SEBI registration.
Subcategories of NII:
- sNII (Small NII – bids below ₹10 Lakhs)
For bids between ₹2–10 lakhs. One-third of NII shares are reserved for this category, also known as Small HNI (sHNI).
- bNII (Big NII – bids above ₹10 Lakhs)
For bids above ₹10 lakhs. Two-thirds of NII shares are reserved for this category, also called Big HNI (bHNI).
- sNII (Small NII – bids below ₹10 Lakhs)
Retail Individual Investors (RII)
Individual investors or NRIs who apply up to ₹2 lakhs in an IPO are considered under the RII reserved category.
Employee (EMP)
A category of eligible employees who have a reserved quota in the IPO.
Others
This includes eligible shareholders or other investors with reserved quotas in the IPO.
Utkarsh Small IPO FAQs
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