Utkarsh Small Finance Bank Limited has informed the Exchange regarding 'Intimation
As filed · Utkarsh Small Finance Bank Limited has informed the Exchange regarding 'Intimation pursuant to Regulation 77B(2) of Securities Exchange Board of India(Issue of Capital and Disclosure Requirements) Reg
What happened
FactUtkarsh Small Finance Bank Limited has informed the Exchange regarding 'Intimation pursuant to Regulation 77B(2) of Securities Exchange Board of India(Issue of Capital and Disclosure Requirements) Regulations, 2018 regardingapplications submitted by 'Specific Investors' under the Rights Issue'. respective custodians, we hereby confirm the applications in the Rights Issue have been. submitted by all identified Specific Investors, before 11 a.m. on Issue Opening Date, i.e.
Why it matters
CapitSignal interpretationExisting holders can maintain their stake only by putting in more money; those who do not subscribe are diluted.
What management said before
Prior statements by this company that CapitSignal has recorded changing.
Guidance
DelayedVery similar type of growth we expect for next year also in the top line.
25% to 30% growth for this year and very similar type of growth we expect for next year also in the top line.
Change
FactImplication
CapitSignal interpretationGuidance
DelayedWe are aiming for a loan book growth of 25% to 30%, with the secured lending comprising ~55% of the portfolio, maintaining NIM of around 8% and delivering a ROE of ~15% by FY28.
Our idea is to remain almost in the same range, around 25% or so, overall, if you look at JLG part over a period of next 2 to 3 years also, so, around 25% is what we expect our JLG portfolio will be.
Change
FactImplication
CapitSignal interpretationGuidance
Delayed25% to 30% is the range for this year.
Very similar type of growth we expect for next year also in the top line.
Change
FactImplication
CapitSignal interpretationWatch next
Fact- Rights ratio and issue price
- Record date and subscription window
- Promoter intention to subscribe
- We are aiming for a loan book growth of 25% to 30%, with the secured lending comprising ~55% of the portfolio, (management committed by FY28)
- The bank is planning to raise around INR500 crores through NCDs in the current year to accelerate growth initi (management committed by FY27)
Evidence
- Utkarsh Small Finance Bank Limited has informed the Exchange regarding 'Intimation pursuant to Regulation 77B(2) of Securities Exchange Board of India(Issue of Capital and Disclosure Requirements) Regulations, 2018 regardingapplications submitted by 'Specific Investors' under the Rights Issue'.(opens the original filing in a new tab)
- Earlier statement · Q1 FY27
- Latest statement · Q1 FY27
- Earlier statement · Q1 FY27
- Latest statement · Q1 FY27
- Earlier statement · Q1 FY27
- Latest statement · Q1 FY27
How CapitSignal classified this
- Reasoning:
- Procedural update in a matter already reported — scored below the opening event.
- Matched on:
- the filing's own subject line
- Confidence in the event type:
- 75%