Utkarsh Small Finance Bank IPO will begin accepting subscriptions this week. Having a presence across all of India, Utkarsh Small Finance Bank is one of the top small finance institutions. The bank is promoted by Utkarsh CoreInvest Ltd, which started operating as an NBFC in Fiscal 2010 and concentrated on offering microloans to underserved and unserved areas, primarily in the states of Uttar Pradesh and Bihar.
The lender had previously submitted a draft red herring prospectus (DRHP) in July 2021 in order to raise ₹1,350 crore, which would have come from a new issue for ₹750 crore and an offer for sale (OFS) by its the owner Utkarsh Coreinvest for ₹600 crore.
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