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Utkarsh CoreInvest Ltd ( Formerly Utkarsh Micro Finance Ltd )
Pre-IPO
Finance Company
About Company:
Utkarsh Micro Finance Ltd. is a promoting Institute for The Utkarsh Small Finance Bank. The Utkarsh Micro Finance Limited Company started its financial services in September 2009. And started to serves the Financial And Non-Financial Services in the areas of unbanked populations who have skills to do something but don’t Have Financial Support.
Company Overview
Utkarsh Small Finance Bank Limited (USFBL) was incorporated on April 30, 2016 as a public limited company under the Companies Act, 2013, USFBL commenced Banking operations on Jan 23, 2017 and has since spread its footprint consistently to include a customer base that covers the unserved and underserved segment across various States and UTs of India. ‘Utkarsh Small Finance Bank Limited’ which started its operations in September 2009 to provide financial and non-financial services in its area of operations to the unbanked population who had the skills but were in need of capital.
During FY 2016, the Reserve Bank of India granted a licence to Utkarsh Micro Finance for setting-up a ‘Small Finance Bank’, subsequently to which the company formed a subsidiary in the name of ‘Utkarsh Small Finance Bank Limited’.
The company transferred through a slum sale, all its assets and liabilities except certain statutory assets, vehicle and statutory liabilities standing as at the close of business hours on January 21, 2017 to its subsidiary, USFBL in line with the requirement of the licencing conditions for the Bank.
Promoter-Management
Name Designation
Mr. Puranam Ravikumar Independent Director & Non-Executive Chairman
Ms. Anita Ramachandran Nominee Director
Mr. Govindasamy Sampath Kumar Nominee Director
Mr. Kajal Ghose Independent Director
Ms. Kalpana Prakash Pandey Independent Director
Mr. Nagesh Dinkar Pinge Independent Director
Mr. Muralidharan Rajamani Non-Executive Director
Mr. Ajay Kumar Kapur Independent Director
Mr. Govind Singh Managing Director & CEO
Shareholders Pattern
Category of shareholder No. of shares Holding (in %)
CDC Group PLC 1,37,26,978 14.12
Banks/Institutions 22,931,610 23.58
Non-Institutional 29,061,399 29.8
Other 31,481,799 32.50
Total outstanding shares 9,72,01,786 100
Annual Reports
Investing Opportunities
Total income of Rs 1,725.14 Crore in FY 2020-21, compared to Rs 1,406.24 Crore in FY 2019-20, clocking a year-on-year growth of 22.68% on the back of an increasing gross loan portfolio and increase in deposits. Further, the operating profit of the Bank stood at Rs 438.34 Crore in FY 2020-21 compared to Rs 350.30 Crore in FY 2019-20, clocking a year-on year growth of 25.13%.
During the FY 2020-21, we filed for DRHP, which comprises a fresh issue of equity shares of ` 750 Crore, and an offer for sale of ` 600 Crore by our promoter company Utkarsh CoreInvest Limited (UCL).
The touch points between the Bank and its clients were increased through digital and technological tools to understand and manage the situation optimally.
Frequently Asked Questions
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What is the lock-in period of unlisted shares?If the company is unlisted, the shares can be traded as many times as per the will but once the company is listed, the shares can not sold for next 1 year.
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Does SEBI regulate Unlisted Market?Rules and Regulations of SEBI are applicable in the Unlisted Market but to become an unlisted share broker, there is no such regulation yet.
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Is buying or selling Unlisted Shares in India legal?Yes it is legal to buy and sell unlisted shares in India.
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What is the Minimum Ticket Size for Investment in Unlisted Shares?Depending on the lot size of the shares, there is no fixed ticket size to buy and sell unlisted shares.
-
What is the Minimum Ticket Size for Investment in Unlisted Shares?Depending on the lot size of the shares, there is no fixed ticket size to buy and sell unlisted shares.
-
Is buying or selling Unlisted Shares in India legal?Yes it is legal to buy and sell unlisted shares in India.
-
Does SEBI regulate Unlisted Market?Rules and Regulations of SEBI are applicable in the Unlisted Market but to become an unlisted share broker, there is no such regulation yet.
-
What is the lock-in period of unlisted shares?If the company is unlisted, the shares can be traded as many times as per the will but once the company is listed, the shares can not sold for next 1 year.
-
What is the Minimum Ticket Size for Investment in Unlisted Shares?Depending on the lot size of the shares, there is no fixed ticket size to buy and sell unlisted shares.
-
Does SEBI regulate Unlisted Market?Rules and Regulations of SEBI are applicable in the Unlisted Market but to become an unlisted share broker, there is no such regulation yet.
-
What is the lock-in period of unlisted shares?If the company is unlisted, the shares can be traded as many times as per the will but once the company is listed, the shares can not sold for next 1 year.
-
Is buying or selling Unlisted Shares in India legal?Yes it is legal to buy and sell unlisted shares in India.
-
What is the lock-in period of unlisted shares?If the company is unlisted, the shares can be traded as many times as per the will but once the company is listed, the shares can not sold for next 1 year.
-
What is the Minimum Ticket Size for Investment in Unlisted Shares?Depending on the lot size of the shares, there is no fixed ticket size to buy and sell unlisted shares.
-
Is buying or selling Unlisted Shares in India legal?Yes it is legal to buy and sell unlisted shares in India.
-
Does SEBI regulate Unlisted Market?Rules and Regulations of SEBI are applicable in the Unlisted Market but to become an unlisted share broker, there is no such regulation yet.