Utkarsh Small Finance Bank Ltd IPO |
Registered Office:
Utkarsh Tower NH-31 (AirportRd,Sehmalpur Kazi Sarai Harhua
,
Varanasi
-
221105
,
Uttar Pradesh
, India.
Phone :
+91 542 660 5555 Fax:
Email : shareholders@utkarsh.bank
Website : www.utkarsh.bank
|
| 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
|
| Issue |
Money Payable On |
| Opens On |
Closes On |
Application |
Allotment |
| 12-Jul-23 |
14-Jul-23 |
(Rs)25.00-0.00 |
(Rs)0.00-0.00 |
| Minimum Application for shares in Nos :600 Further Multiples of :600 |
| |
(Rs Cr) |
Lead Managers to the Issue |
| Project Cost |
454.61 |
|
| Project Financed through Current Offer |
500.00 |
|
| Post Issue Equity Share Capital |
1095.90 |
|
| Issue Price |
(Rs)25.00 |
|
|