Utkarsh Small Finance Bank Limited has informed the Exchange regarding allotment of 677913784 securities pursuant to Rights Issue on November 05, 2025
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Utkarsh Small Finance Bank has completed its Rights Issue, allotting 67.79 crore fully paid-up equity shares at Rs. 14 per share (face value Rs. 10, premium Rs. 4), raising about Rs. 949.08 crore. The issue opened on October 24, 2025 and closed on November 3, 2025. Following the allotment, the bank's paid-up share capital has increased from 110.16 crore shares to 177.95 crore shares. The committee of the board approved the allotment on November 5, 2025, in consultation with the registrar (Kfin Technologies) and NSE as the designated stock exchange. This was done to eligible shareholders, renouncees, and specific investors as per the Letter of Offer dated October 10, 2025.
The bank's share base has expanded by roughly 61% (from 110.16 crore to 177.95 crore shares), which will dilute existing shareholders who did not subscribe to the rights. The Rs. 949 crore capital raise will strengthen the bank's capital adequacy, supporting business growth. Short-term share price may face pressure due to dilution, though the long-term benefit depends on how effectively the new capital is deployed.