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15 Days Price Change

Utkarsh Small Fin. IPO

Closing In

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Issue Size --
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Price Range 23  to  25 per share
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Min Investment ₹25
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Lot Size 1
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Face Value ₹10
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Draft Prospectus
Invest Before the IPO Goes Live

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Profile
  • Basic Info
  • IPO Tentative Timetable
  • IPO Lot Size
  • Subscription Status
  • Financials
  • Profit & Loss
  • Balance Sheet
  • Cash Flow
  • Ratios
  • Growth Rates
  • Other info

Overview

Utkarsh Small Finance Bank Ltd is a prominent financial institution operating in India. It functions as a small finance bank, catering to the banking needs of individuals and micro, small, and medium enterprises (MSMEs). Utkarsh Bank focuses on serving the unbanked and underbanked segments of society, providing inclusive financial solutions to empower individuals and businesses. The bank offers a comprehensive range of services, including savings and current accounts, fixed deposits, recurring deposits, loans, insurance, and digital banking solutions. Utkarsh Bank aims to foster financial inclusion and bridge the gap between formal banking services and the economically marginalized sections of society. Driven by a customer-centric approach, Utkarsh Bank emphasizes technological innovation and convenience, striving to deliver seamless banking experiences to its diverse customer base. With its commitment to financial inclusion, Utkarsh Small Finance Bank plays a vital role in promoting economic development and empowerment across India. Read More

Basic Info

Face Value 10 per share

Price 23  to  25 per share

P/E (x) 125

Sales( Cr.) 3765

PAT( Cr.) 24

EPS 0.2

Draft Prospectus

Exchange BSE-NSE

Promoter

Company Promoters

Utkarsh CoreInvest Limited

Pre Issue Share Holding 84.75%

Post Issue Share Holding 69.28%

Listing Details:

Listing Price: 33.918820715004

Listing Gain: 26.29%

Current Price: 13.3

Gain On Issue: 13.3 | 0%

GMP: --

GMP %: -- %

IPO Tentative Timetable

Opening Date Jul 12, 2023
Closing Date Jul 14, 2023
Allotment Jul 17, 2023
Refund Jul 18, 2023
Delivery of Shares Jul 18, 2023
Listing Date Jul 19, 2023

IPO Lot Size

Application Lots Shares Amount
Retail (Min) 1 600 15,000
Retail (Max) 13 7800 195,000
S-HNI (Min) 14 8400 210,000
S-HNI (Max) 66 39600 990,000
B-HNI (Min) 67 40200 1,005,000

Objective of the Issue

1. Tier - 1 capital base to meet its future capital requirements. 2. Meeting the expenses in relation to the Issue.

Issue

Category Nos Bid Bid (x)
QIB 150000000 20356500000 135.7x
NII 30000000 2662200000 88.7x
Retail 20000000 1567600000 78.4x
EMP 0 0 0x
Total 200000000 22154000000 110.8x

Net Sales (in cr.)

Total Income (in cr.)

Operating Profit (in cr.)

Net Profit (in cr.)

Shareholder Funds (in cr.)

Total Assets (in cr.)

Utkarsh Small Fin. Profit & Loss

#(Fig in Cr.) Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
Interest Earned 87 518 881 1308 1581 1849 2505 3178 3765
Other Income 3 44 58 99 144 185 299 400 600
Total Income 90 562 939 1406 1725 2034 2804 3579 4365
Interest Expense 44 251 382 579 742 788 976 1293 1742
Operating Expenditure 35 236 326 476 545 734 990 1289 1616
Provisions and contingencies 4 170 80 101 287 432 303 338 979
Operating Profit 7 -95 150 249 151 80 536 659 28
Profit Before Tax 7 -95 150 249 151 80 536 659 28
Provision for Tax 2 -32 56 62 40 18 131 162 4
Profit After Tax 5 -63 94 187 112 61 405 498 24
Adjustments 0 0 0 0 0 0 0 0 0
Profit After Adjustments 5 -63 94 187 112 61 405 498 24
Adjusted Earnings Per Share 0.1 -1.1 1.1 2.1 1.1 0.6 3.8 3.8 0.2

Utkarsh Small Fin. Balance Sheet

#(Fig in Cr.) Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Shareholder's Funds 305 412 773 1019 1368 1572 2000 2973 2975
Minority's Interest 0 0 0 0 0 0 0 0 0
Deposits 19 2194 3791 5235 7508 10074 13710 17473 21566
Borrowings 2289 1789 1430 2675 2608 2572 2349 1995 2355
Other Liabilities & Provisions 63 129 245 475 654 845 1057 1462 1232
Total Liabilities 2675 4524 6239 9404 12138 15064 19117 23903 28127
Cash and balance with RBI 42 206 158 192 275 1798 1192 1247 2638
Bank Balance 150 363 359 1422 895 74 1324 1781 798
Investments 729 661 862 1192 2314 2348 2859 3679 4958
Advances 1594 3102 4668 6282 8217 10228 13069 16365 18716
Fixed Assets 16 87 87 110 125 286 301 301 324
Other Assets 139 105 102 185 256 330 369 519 630
Total Assets 2675 4524 6239 9404 12138 15064 19117 23903 28127

Utkarsh Small Fin. Cash Flow

#(Fig in Cr.) Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Opening Cash & Cash Equivalents 0 192 569 517 1614 1170 1872 2516 3027
Cash Flow from Operating Activities 15 905 218 115 -83 1329 1573 991 876
Cash Flow from Investing Activities -471 -199 -176 -322 -532 -739 -693 -620 -777
Cash Flow from Financing Activities 514 -330 -94 1304 172 111 -235 140 310
Net Cash Inflow / Outflow 59 377 -52 1097 -444 702 645 511 409
Closing Cash & Cash Equivalent 192 569 517 1614 1170 1872 2516 3027 3437

Utkarsh Small Fin. Ratios

# Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Earnings Per Share (Rs) 0.14 -1.14 1.08 2.09 1.12 0.58 3.83 3.84 0.18
CEPS(Rs) 0.18 -0.84 1.27 2.37 1.42 0.97 4.39 4.35 0.77
DPS(Rs) 0 0 0 0 0 0 0 0.42 0
Book NAV/Share(Rs) 8.63 7.44 8.9 11.4 13.69 14.85 18.79 22.79 22.59
Yield on Advances 5.45 16.71 18.87 20.82 19.24 18.08 19.17 19.42 20.12
Yield on Investments 1.51 5.78 6.94 8.01 7.08 6.48 5.21 5.69 5.85
Cost of Liabilities 1.92 6.3 7.32 7.33 7.33 6.23 6.08 6.64 7.28
NIM (Net Interest Margin) 1.69 6.17 8.25 8.01 7.17 7.34 8.29 8.17 7.46
Interest Spread 3.53 10.41 11.55 13.49 11.91 11.84 13.09 12.78 12.83
ROA(%) 0.18 -1.75 1.74 2.39 1.04 0.45 2.37 2.31 0.09
ROE(%) 1.59 -17.58 15.85 20.84 9.37 4.19 22.8 20.17 0.81
ROCE(%) 1.95 4.12 13.57 14.06 10.78 7.19 17.13 17.84 3.97
PER(x) 0 0 0 0 0 0 0 10.35 102.37
Price/Book(x) 0 0 0 0 0 0 0 1.75 0.83
Dividend Yield(%) 0 0 0 0 0 0 0 1.07 0
EV/Net Sales(x) 29.8 4.36 2.46 2.63 2.19 1.88 1.3 2.25 1.27
EV/Core EBITDA(x) 234.96 29.89 9.4 9.8 7.88 6.77 3.87 7.17 4.75
Interest Earned Growth(%) 0 496.36 70.03 48.42 20.9 16.94 35.49 26.88 18.45
Net Profit Growth 0 -1403.4 248.99 98.9 -40.12 -45.03 558.13 23.02 -95.24
Advances Growth 0 94.6 50.5 34.56 30.81 24.48 27.77 25.22 14.37
EPS Growth(%) 0 -932.01 195.02 93.08 -46.41 -47.93 557.85 0.25 -95.25
Loans/Deposits(x) 0 81.54 37.71 51.1 34.74 25.53 17.14 11.42 10.92
Cash/Deposits(x) 2.26 0.09 0.04 0.04 0.04 0.18 0.09 0.07 0.12
Current Ratio(x) 38.95 0.3 0.23 0.23 0.31 0.23 0.21 0.21 0.23
Quick Ratio(x) 0 81.54 37.71 51.1 34.74 25.53 17.14 11.42 10.92
CASA % 3.43 5.31 10.01 13.5 17.68 22.37 20.89 20.5 21.79

Sihora Industries Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 18% 27% 24% 0%
Operating Profit CAGR -96% -30% -35% 0%
PAT CAGR -95% -27% -34% 0%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR -32% NA% NA% NA%
ROE Average 1% 15% 11% 9%
ROCE Average 4% 13% 11% 10%

Company Contact Information

Utkarsh Small Finance Bank Ltd.

Utkarsh Tower N H – 31 (Airport Road), Sehmalpur Kazi Sarai, Harhua

IPO Lead Manager(s)

Utkarsh Small Finance Bank Ltd.

ICICI Securities Ltd

Kotak Mahindra Capital Co Ltd

Registrar Info

Utkarsh Small Finance Bank Ltd.

Frequently Asked Questions

All You Need To Know About IPO

When you leave without vesting, generally unvested ESOPs are cancelled. Vested ESOPs usually can be exercised after you depart, often within 3 to 6 months, depending on the company's ESOP plan.

For companies listed on a stock exchange, you can sell the shares any time after you exercise the ESOP option and the shares are in your demat account. If the company is unlisted or otherwise a startup, you can only sell the shares if and when the company announces a buyback or has a process for secondary sales.

Whenever you exercised your options to hold shares, you entered into a market risk situation, and if the valuation of the company drops, so do the shares.

Yes. ESOPs are valuable to the employer in that the employer is able to retain the best talent, align employee interests with company goals, and preserve cash while rewarding performance.

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