The upcoming IPO of Utkarsh Small Finance Bank has been quite the buzz amidst investors looking to invest in Small Caps. This new IPO has attracted the interest of plenty of investors. This article focuses on the Utkarsh Small Finance Bank IPO including an overview of the company along with IPO details that will help you make an informed decision with regards to investing in the Utkarsh Small Finance Bank IPO.
An overview of the company
Utkarsh Small Finance Bank is an SFB (small finance bank) that is headquartered in Varanasi. Utkarsh Small Finance Bank provides microfinance options to underserved or unserved segments, particularly in the states of Bihar and Uttar Pradesh. The company is spread widely across states having its presence in 18 states and union territories. Utkarsh Small Finance Bank has 528 banking outlets with the support of 8.729 employees.
As of September 202, Utkarsh Small Finance Bank has had nearly 2.74 million customers including customers of credit and deposit. Most of these customers hail from semi-urban and rural areas of Bihar, Uttar Pradesh, and Jharkhand contributing to 41.91%, 27.32%, and 6.74% of the total gross loan portfolio respectively.
Utkarsh small finance bank IPO details
Now that you’ve gained some insight into the company, let’s dig into further details about the Utkarsh Small Finance Bank IPO details. The latest IPO by Utkarsh Small Finance Bank will be listed on both BSE and NSE. Here is a list of important parameters that you should know about Utkarsh Small Finance Bank IPO. Primarily, Utkarsh Small Finance Bank plans to reserve 75% of their IPO shares for QIBs (qualified institutional buyers), 15% for non-institutional investors, and 10% for retail investors. The purpose behind the Utkarsh Small Finance Bank IPO is to raise capital for future requirements such as loans and advances.
Utkarsh small finance bank Date
Utkarsh Small Finance Bank has not yet decided and announced the listing date to the public yet. Typically, the IPO lasts for about 3 to 4 days when you will be able to apply for a few shares
Utkarsh small finance bank IPO Share price
While the face value of Utkarsh Small Finance Bank is Rs. 10, the cash price range for the Utkarsh Small Finance Bank IPO has not been announced publicly yet.
Utkarsh Small Finance Bank IPO issue size
The main aim of Utkarsh Small Finance Bank IPO is to raise capital. They plan to issue fresh shares that amount to Rs. 750 Crores and provide an offer of Rs. 600 Crores for sale. Utkarsh Small Finance Bank also plans to raise Rs. 250 Crore through their pre-IPO placement.
Finally, now that you have all the required details about the Utkarsh Small Finance Bank IPO, you can make a decision on investing in the company. However, you would require a Demat Account to carry out online trading. To open a Demat Account, Angel Broking is the best place to start as they help set up your Demat Account in a hassle-free manner within a few days.
Before commencing online trading, always remember to open a Demat Account and Trading Account with a trusted and reliable financial partner.
If you already have an existing account, you can start your online trading and invest in the upcoming IPO's.
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