Utkarsh Small Finance Bank Limited IPO Allotment Status: One of the big finance banks in India which is the Utkarsh finance bank IPO is going to be listed on NSE and BSE on 24th July 2023 and all the different types of inverters from Retail to QIB can buy the shares from 12th and 14 July 2023 and allotment of the shares will be on 19th July 2023.
So whether to invest or not in the Utkarsh small finance Bank you need to know about the details of the Bank right? It takes a lot of time for the research but we got you covered, we have specified most of the information about the Utkarsh Small Finance Bank from the major source of income to the present situation of the bank below.
We also specified different details of Utkarsh IPO like how to apply for the Utkarsh Bank IPO, What to check for, and many more Investors can scroll down below and know all the important information about the Utkarsh Small Finance Bank Limited IPO Allotment Status.
Utkarsh Small Finance Bank Limited IPO Allotment Status
The Utkarsh Small Finance Bank will be listed in NSE and BSE on July 24th,2023 and the opening date for the Utkarsh Small Finance Bank IPO to retailers and Investors will be from 12 and 14th July 2023. The Utkarsh total IPO cap is 500 Crores and the Utkarsh is expecting to raise all the 500 Crores through the IPO shares by the face value of each share of Rs.10.
The allotment for the Each investor and retailer are as follows. In the retail sector, the Utkarsh IPO quota is 10% for the QIB it is 75% and for the NII quote the allotment is 15%. If you are interested in applying for the Utkarsh IPO then you can follow the step-by-step given below to apply for the Utkarsh Small Finance Bank IPO.
Utkarsh Small Finance Bank Limited IPO Allotment Status Overview
|Utkarsh Bank IPO Opening date||12th July 2023|
|Utkarsh Bank IPO Closing date||14th July 2023|
|Allotment||19th July 2023|
|Refunds||20th July 2023|
|Shares Credit to the Demat Account on||21st July 2023|
|IPO Listing Date||24th July 2023|
|IPO Listing on||NSE and BSE|
|IPO Size||500 Crores|
|Face Value for Each Equity Share||10 Rupees|
Utkarsh Small Finance Bank IPO lot Details
We had an overview of all the IPO listing dates and other important details about the Utkarsh Small Finance Bank, now let’s look at the IPO lots of Utkarsh small finance Bank and try to understand the lot size of different types of investors. The Utkarsh finance bank’s minimum market lot will be 600 with a price range of 15000 rupees application amount.
The Retail investors can take a maximum share allotment of 13 Lots for each retail investor which has a total of 7800 shares with a price of 195000. The minimum number of shares an S-HNI investor can take is 14 Lots and a maximum of 68 Share lots. Let’s also have a quick look at a table format having each category of investors and the share lot size specified for a better understanding
|Investors||Share Lot Size||No of Shares||Price|
|Retail Investor’s Minimum||1||600 Shares||15,000 Rs|
|Retail Investor’s Maximum||13||7800 Shares||`195,000 Rs|
|S-HNI Investors Minimum||14||8400||210,000 Rs|
|S-HNI Investors maximum||68||40200||10,05,000|
Utkarsh Small Finance Bank Total Information
Utkarsh Bank is a finance bank whose headquarters is located in Varanasi, Uttar Pradesh. Over the years Utkarsh Bank has expanded its operations in various States of India. Where it can most benefit from the microfinance of Utkarsh core invest limited. In India, the Utkarsh has branches in a total of 22 States and union territories.
The Utkarsh Bank has a total of 686 banking outlets and 12617 employees as of March 31st, 2022. Utkarsh Bank has stated that 27.70% of which bank outlets are located in unbanked rural centers ( URC ). Which is more than the regulated requirement of 25% for small finance banks
Utkarsh Bank mostly offers microbank loans such as joint liability group loans, individual loans, Retail loans such as unsecured business loans and personal loans, and secured loans such as loans for the second property. These are some of the major income sources for the Utkarsh Bank.
The bank also provides wholesale lending services to SME’s meet and large corporate companies. The Utkarsh Bank also focuses on affordable housing loans commercial vehicle construction equipment loans and gold loans which are introduced in Fiscal 2022.
Utkarsh Small Finance Bank Important details
So let’s have a quick over the Utkarsh Bank, Inverstors should remember the majority of the Utkarsh Bank’s 3.14 million customers are located in Rural and semi-urban areas and those customers are mostly located in Bihar, Uttar Pradesh, and Jharkhand.
The Utkarsh Bank mainly focuses on microfinance institutions and its major income comes from the microfinance sector. But the bank is trying to expand its category of income sources and products and is not now.
It has a total of 1504 products which includes non-micro finance loans. Expanding its products helps the Utkarsh Bank to not depend upon microfinance and expand its portfolio on other sectors of finance too.
How to apply for the Utkarsh Small Finance Bank IPO through Zerodha
If you want to apply for the Utkarsh small finance Bank IPO then here are the steps you need to follow:
Go to the Zeroda website and log in to your Zerodha Account.
Go to your Portfolio and click on the IPO section.
You can see various IPO in the IPO section and in those select the Utkarsh Small Finance Bank IPO and click on BID Button.
No enter your Share Quantity, price, and your UPI ID and submit the IPO in the Zerodha.
If you follow the above steps exactly then you get a confirmation notification on your UPI payment app and accept the payment for the IPO.
You are done if you got the IPO of Utkasrh finance bank you can get it in your demat account on 21st July 2023.
FAQs: Utkarsh Small Finance Bank Limited IPO Allotment Status
What Is The Size Of Utkarsh IPO?
The Size of the Utkarsh Small finance bank IPO is 500 Crores.
Who Is The CEO Of Utkarsh?
The CEO of the Utkarsh Bank is Govind Singh.
What Is The Utkarsh Small Finance Bank IPO Allotment Date?
The Utkarsh Small Finance Bank IPO allotment date is 19th July 2023.