Utkarsh Small Finance Bank Rises 2.06% as Board Approves ₹950 Crore Rights Issue at ₹14 Per Share
By Shishta Dutta | Published at: Oct 8, 2025 05:46 PM IST
Varanasi, October 8, 2025: Utkarsh Small Finance Bank Limited share price is on the rise today, on October 8. As of 3:05 PM, the shares are up by 2.06%, or 0.45 points, and are trading at ₹22.25. Until now, the shares have traded within a range of ₹22.95 and ₹21.69. The current traded volume stands at 41.80 lakh shares, with the company’s market cap at ₹2,402 crore. The shares have their 52-week high at ₹46.23 and 52-week low at ₹19.90.
Utkarsh Small Finance Bank Limited is an Indian small finance bank that mainly provides services in the semi-urban or rural areas. It was established in 2016 and is headquartered in Varanasi, Uttar Pradesh. The shares of the company are listed on NSE with the ticker symbol UTKARSHBNK and on BSE with the code 543942.
Key Trigger: Board Approves ₹950 Crore Rights Issue at ₹14 Per Share
The rise in the share price comes after the company announced that its board of directors have approved a rights issue aggregating up to ₹949.08 crore at an issue price of ₹14 per share (including a ₹4 premium). The details of the issue are as below:
| Particulars | Details |
|---|---|
| Issue Size | Up to ₹949.08 crore (assuming full subscription) |
| Number of Shares | 67,79,13,784 fully paid-up equity shares |
| Face Value | ₹10 per share |
| Issue Price | ₹14 per share (₹10 face value + ₹4 premium) |
| Total Subscription Amount (assuming full) | ₹9,49,07,92,976 |
| Record Date | October 14, 2025 |
| Rights Entitlement Ratio | 8 fully paid-up rights equity shares for every 13 shares held |
| Trading of REs | October 21–28, 2025 |
| Off-market Renunciation | Last date: October 31, 2025 |
| Rights Issue Closing Date | November 3, 2025 |
| Application Money Payable | 100% at the time of application |
| Advisor | DAM Capital Advisors Limited |
| Legal Counsel | CMS IndusLaw |
Post issue, the number of equity shares of the company will increase to 1,77,95,23,684, in comparison to 1,10,16,09,900 pre-issue.
REF: https://nsearchives.nseindia.com/corporate/UTKARSHBANK_08102025125504_Record_date.pdf
Disclaimer: At HDFC SKY, we take utmost care and due diligence in curating and presenting news and market-related content. However, inadvertent errors or omissions may occasionally occur.
If you have any concerns, questions, or wish to point out any discrepancies in our content, please feel free to write to us at content@hdfcsec.com.
Please note that the information shared is intended solely for informational purposes and does not make any investment recommendations
