Utkarsh Small Finance Bank Successfully Concludes ₹950 Crore Rights Issue

POSTED BY: MRUNALI, 06 NOVEMBER 2025 (8850212023)

 Mumbai,(RMN.IN)— Utkarsh Small Finance Bank Limited announced today that the Bank received overwhelming response from shareholders and marquee investors who came under Specific Investors category, which led to the successful completion of its Rights Issue. The Issue, opened for subscription on October 24, 2025 and closed on November 03, 2025 and was subscribed 1.37 times. The Bank has received Listing approval on November 06, 2025 and trading of rights equity shares will begin on November 07, 2025.

The Rights Issue, totalling ₹950 crore, was offered at issue price of ₹14 per share, enabling shareholders and investors to participate in the company’s next phase of strategic growth. The strong subscription levels reflect the confidence that shareholders and investors place in the company’s vision, business fundamentals, and execution capabilities.

As the Bank progresses through the year FY26, it acknowledges that the year has been unfolding in a challenging operating environment with sectoral or industry headwinds, expected to influence near-term performance. The Bank reaffirms its commitment to growth in its long-term strategic direction and will continue to take steps aligned with its strong business fundamentals.

Commenting on the development, Shri. Govind Singh MD & CEO, Utkarsh Small Finance Bank said: “We are delighted with the positive response from our existing shareholders and marquee investors. The oversubscription reflects the trust investors place in our business fundamentals and our commitment to sustainable growth. The proceeds from this issue will further strengthen and support our ongoing initiatives.”

The Rights Issue was supported by M/s DAM Capital Advisors Limited as Advisors and M/s Induslaw as Legal Counsels to the Bank for the issue.

About Utkarsh Small Finance Bank Limited

Utkarsh Small Finance Bank Limited (Utkarsh SFBL), incorporated on April 30, 2016, is a listed entity and is engaged in providing banking and financial services with a focus on serving underserved and unserved communities. Headquartered in Varanasi, Uttar Pradesh, the Bank operates primarily across rural and semi-urban areas across India. The Bank commenced its operations on January 23, 2017, following the grant of a small finance banking license by the Reserve Bank of India on November 25, 2016.

The Bank offers a slew of digital services such as internet and mobile banking, Digi On-Boarding, UPI, and an online account opening facility, supported by a range of ATMs and Micro ATMs to ensures ease of transactions for its customers.