Utkarsh SFB to raise up to Rs 300 crore via Tier II bonds

Fund Raising View source PDF Explain this filing

UTKARSHBNK · price

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Price reactionminutes from the announcement price · days from the prior close

-1.2%Reaction day

₹14.70

prior close

₹14.46

announcement price

In-mkt

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Nifty Microcap 250market · in no size index; the smallest one is used+0.1%-1.3% vs market

Other Bank peers, median of 8sector-0.2%-1.0% vs sector

On the reaction day the stock moved 1.3 pts less than Nifty Microcap 250 and 1.0 pts less than its Other Bank peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

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Sessions after the filingfrom the prior close

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Reaction day

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Next day

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15d

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UpDownMarket · Nifty Microcap 250Sector · Other Bank peers, median of 8Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Utkarsh SFB fund raise committee approved Tier II NCDs worth Rs 200 crore base plus Rs 100 crore green shoe option (total up to Rs 300 crore) via private placement. Face value Rs 1 lakh each, 7-year tenure, coupon up to 11.75 percent payable quarterly. To be listed on BSE Wholesale Debt Market segment.

Likely market impact

Strengthens the bank's Tier II capital base by up to Rs 300 crore. No equity dilution as these are unsecured debt instruments.