Utkarsh Small Finance Bank Ltd - IPO

Utkarsh Small Finance Bank Ltd IPO Details

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

Objective of issue

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

Utkarsh Small Finance Bank Ltd Contact Details

Utkarsh Small Finance Bank Ltd, Karvy Selenium Tow-B, 31&32 Financial Dist, Nanakramguda, Hyderabad-500032

Phone - 91-40-67162222

Fax - 91-40-23001153/23420814

Email - shareholders@utkarsh.bank

Website - www.utkarsh.bank