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Utkarsh Small Finance Bank Ltd IPO

  • Min. Investment13800/ 600 Shares
  • Min. Quantity600
  • Price Range₹23 - ₹25
  • Date Range12 Jul 23 - 14 Jul 23
  Retail Investor can invest upto Rs 2,00,000 in IPO
  • Application Start Date12 Jul 2023
  • Application End Date14 Jul 2023
  • Allotment begins
  • Refund Initiation Date20 Jul 2023
  • Allotment Date19 Jul 2023
  • Listing On Exchange24 Jul 2023
Registrar Information
  • NameKFin Techologies Ltd
  • Contact no.+91 40 6716 2222/1800 345 4001
  • Email
Company Information

Incorporated in 1983, Kolkata-based Tarsons Products manufactures laboratory products that are used in various research organisations, pharmaceutical companies, academia institutes, hospitals and diagnostic centres.

The company plans to go public and here’s all you need to know about this IPO.

Financial information

Here’s the consolidated financial information for the last three years:

Particulars FY21 FY22 FY23
(Rs Crore)
Revenue 1580.99 1848.81 2504.98
Net Profit 111.82 61.46 404.5
Total Assets 3921.06 4836.21 6049.07
  • Sound understanding of microfinance segment and presence in rural and semi-urban areas;
  • Growing deposits with focus on retail deposits;
  • Diversified distribution network with significant cross-selling opportunities;
  • Focus on risk management and effective operations;
  • Stable growth with cost efficient operational performance;
  • The Bank is subject to stringent regulatory requirements and prudential norms of RBI and its inability to comply with such laws, regulations and norms may have an adverse effect on its business, results of operations, financial condition and cash flows.
  • After the completion of the Issue, its Promoter will continue to hold substantial shareholding in the Bank.
  • The bank is currently significantly dependent on its microbanking segment, particularly joint liability group ("JLG") loans, and any adverse developments in this segment could adversely affect its business, results of operations, financial condition and cash flows.
  • The Bank business is vulnerable to interest rate risk, and any volatility in interest rates or inability to manage interest rate risk could adversely affect its Net Interest Margins, income from treasury operations, business, financial condition, results of operations and cash flows.
  • The Bank Statutory Auditors have been debarred by the Reserve Bank of India from undertaking audit assignments for entities regulated by RBI for a period of two years with effect from April 1, 2022.
  • Continue diversifying its retail asset portfolio
  • Grow retail deposits mix across geographies and customer segments to build stable funding source
  • Increase share of fee income and capitalize on cross-selling opportunities
  • Increasing use of technology and digital offerings for last mile delivery to customers
  • Continue diversifying its retail asset portfolio
What is Pre Apply?

Pre Apply will allow you to apply for an IPO 1-3 days before the bidding period starts. You'll get the UPI payment mandate once the IPO is open.

Learn more about Pre applying
How to Apply?

Select the IPO you want to apply for from the list of open issues. Enter your correct UPI ID and select the investor type. The quantity should be a multiple of the lot size. If you wish to apply at the cut-off price, simply click on the checkbox next to ’Cut-off price’. You will receive an SMS from the NPCI confirming your bid and requesting you to accept the mandate on your UPI app. We have noticed a significant delay in UPI payment SMS/notifications from NPCI. Request you to be patient. Please ignore this message if you’ve accepted the mandate

How to check your IPO allocation status

Tarsons Products allotment status will be available on or around 23 November 2021. The allotted shares will be credited to the demat account by 25 November 2021. We will provide you with the link to check the allocation’s status as soon as the registrar makes it live. This may happen after the IPO is closed (after 17 November 2021).

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