Utkarsh Small Finance Bank Ltd IPO

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.

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

• 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