31 Mar 2020
Assets9,404.32
Total Income1,406.18
Profit After Tax186.74
NET Worth1,019.50
Reserves and Surplus260.23
Total Borrowing2,675.04
At a glance
Updated 2026-09-16The shares listed at ₹40.00, a 60.00% move from the issue price. Utkarsh Small Finance Bank is a Mainboard IPO with an issue size of ₹500.00 crore, proposed for listing on BSE, NSE. The offer opens on 12th Jul 2023 and closes on 14th Jul 2023. The issue structure includes a fresh issue of ₹500.00 crore. The current listing schedule points to 21st Jul 2023.
Issue details
Listing atBSE, NSE
Issue typeBook Build Issue
Issue size₹500.00 Cr
Fresh issue₹500.00 Cr
Face value₹10
Price band₹23.00–₹25.00
Allotment19th Jul 2023
Listing21st Jul 2023
Listing performance
Full performance ↗Issue price₹25.00
Listing price₹40.00
Current price—
Listing gain60.00%
Current return—
Price progressionIssue → Listing → Current
Grey market
GMP page ↗Latest GMP₹16.00
GMP / upper price64.00%
Est. listing₹41.00
GMP is unofficial sentiment data, not an exchange price.
Timeline
Opens12th Jul 2023
Closes14th Jul 2023
Allotment19th Jul 2023
Refund20th Jul 2023
Demat21st Jul 2023
Listing21st Jul 2023
Subscription demand
Full bidding ↗Total110.77×
Lot size
| Investor | Lots | Shares | Amount |
|---|---|---|---|
| Minimum Bid | 1 | 600 | ₹15,000 |
Company
Incorporated2016
Use of proceeds
| Object | Amount |
|---|---|
| To augment Tier–1 capital base to meet future capital requirements | ₹454.61 Cr |
| Issue expenses | ₹45.39 Cr |
| Total | ₹500.00 Cr |
Financial performance
Year-wise operating scale, profitability and balance-sheet context.Revenue2,804.29₹ Cr · +37.9% vs prior year
PAT404.50₹ Cr · +558.2% vs prior year
Assets19,117.54₹ Cr · +26.9% vs prior year
Net Worth2,000.32₹ Cr · +27.2% vs prior year
Borrowing2,349.48₹ Cr · -8.6% vs prior year
3-year financial trendRevenue / EBITDA / PAT
₹ crore31 Mar 2021
Assets12,137.91
Total Income1,705.84
Profit After Tax111.82
NET Worth1,368.35
Reserves and Surplus520.02
Total Borrowing2,607.83
31 Mar 2022
Assets15,063.77
Total Income2,033.65
Profit After Tax61.46
NET Worth1,572.30
Reserves and Surplus676.78
Total Borrowing2,571.94
31 Mar 2023
Assets19,117.54
Total Income2,804.29
Profit After Tax404.50
NET Worth2,000.32
Reserves and Surplus1,104.42
Total Borrowing2,349.48
KPIs
| KPI |
|---|
| ROE |
| Debt / Equity |
| RoNW |
Valuation & shareholding
Pre-IPO EPS4.52
Pre-IPO P/E6.78
Promoter holding pre84.75%
Promoter holding post69.28%
Market cap₹2739.76 Cr.
Peer comparison
| Company | EPS | P/E | RoNW | NAV |
|---|---|---|---|---|
| Utkarsh Small Finance Bank IPO | — | - | — | — |
| Gaja Alternative IPO | — | 27.54 x | — | — |
| Turtlemint Fintech IPO | — | - | — | — |
| Onemi Technology IPO | — | 10.84 x | — | — |
Issue expenses
| Expense | Amount |
|---|---|
| To augment Tier–1 capital base to meet future capital requirements | ₹454.61 Cr |
| Issue expenses | ₹45.39 Cr |
| Total | ₹500.00 Cr |
Registrar & lead managers
Registrar
Kfin Technologies Ltd.Lead managers
- Kotak Mahindra Capital Co.Ltd.
Offer documents
Data is reconciled from multiple public IPO sources. Official exchange filings and offer documents remain the source of truth. Last verified 2026-09-16.
IPO UPDATE ALERTS
Register for IPO Updates →Track Utkarsh Small Finance Bank without missing an update
Register for subscription, GMP, allotment and listing notifications.