Utkarsh Small Finance Bank completes rights issue, raises ₹949 crore

Utkarsh Small Finance Bank announced the successful allotment of 67,79,13,784 fully paid-up equity shares at an issue price of ₹14 per share, including a premium of ₹4. This rights issue, which opened on October 24, 2025, and closed on November 3, 2025, raised approximately ₹949.08 crore.

Following the allotment, the bank's paid-up equity share capital increased from ₹11,01,60,99,000 (pre-rights issue) to ₹17,79,52,36,840 (post-rights issue). This capital raise was finalized by the capital structuring and fund raise committee of the board via a circular resolution dated November 5, 2025.

The allotment was made to eligible shareholders and renouncees, in accordance with the letter of offer dated October 10, 2025, and approved by the National Stock Exchange of India Limited. The bank also clarified that the securities issued are equity shares, and there has been no cancellation or termination of the proposal.