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Utkarsh Small Finance Bank Ltd

Registered Office: Utkarsh Tower NH-31 (AirportRd,Sehmalpur Kazi Sarai Harhua, Varanasi - 221105, Uttar Pradesh, India.
Phone : +91 542 660 5555   Fax:
Email :  shareholders@utkarsh.bank  
Website :  www.utkarsh.bank

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

Issue Money Payable On
Opens On Closes On Application Allotment
12-Jul-23 14-Jul-23 25.00-0.00 0.00-0.00
Minimum Application for shares in Nos : 600   Further Multiples of : 600
  Rs Cr Lead Managers to the Issue
Project Cost 454.61 ICICI Securities
Project Financed through Current Offer 500.00  
Post Issue Equity Share Capital 1,095.90  
Issue Price 25.00  

Projects

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

Promoted By

Utkarsh Coreinvest Ltd

Listing At

BSE

NSE

Registrar to the Issue

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