PE Fund Investments
Utkarsh Small Finance Bank gets Sebi's nod for Rs.500-Cr IPO
Varanasi-headquartered Utkarsh Small Finance Bank has received capital markets regulator Sebi's go ahead to raise INR 500 crore through an Initial Public Offering (IPO). The IPO is a completely fresh issue of shares. The lender may also consider raising up to INR 100 crore via a pre-IPO placement.
From the Venture Intelligence PE-VC Deal Database: Between Nov-09 and Nov-17, Utkarsh Microfinance (now, Utkarsh CoreInvest) - the parent holding company of Utkarsh Small Finance Bank - had attracted about USD 115 M from Aavishkaar, British International Investment, Lok Capital, Faering Capital, responsAbility, Arpwood Partners, Aavishkaar Goodwell, Lok Capital, Norwegian Microfinance Initiative and IFC. (Subscribers to the database can login to view the valuation, deal structuring and other transaction details.)
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