Utkarsh Small Finance Bank ₹950 crore Rights Issue: Check entitlement, price, and other details

Utkarsh Small Finance Bank Ltd. has approved terms for its ₹950 crore rights issue, at the conclusion of its board meeting on Wednesday, October 8.

The company will be issuing fully paid-up equity shares of a face value of ₹10 each.

Utkarsh Small Finance Bank's board has approved the issue of 67.79 crore equity shares to eligible investors, as part of this ₹950 crore rights issue.

Price for the rights issue has been fixed as ₹14 per share, which is a 33% discount in comparison to the stock's current market price. The entire issue price is payable at the time of making the application.

Existing shareholders of Utkarsh Small Finance Bank will be eligible to receive eight fully paid-up rights equity shares for every 13 shares they own as on the record date.

The board has approved Tuesday, October 14, 2025 as the record date for the rights issue. This means, shareholders who will have shares of the company at the end of trade on Monday, will be eligible to approve for this rights issue.

The rights issue will open on Friday, October 24, 2025, and close on Monday, November 3.

DAM Capital will be the advisor and CMS IndusLaw is the legal counsel for the rights issue.

Shares of Utkarsh Small Finance Bank surge to the highs of the day, gaining as much as 4% ₹22.65. The stock remains below its IPO price of ₹25.