Description
NSE announces listing of 677,913,784 additional equity shares of Utkarsh Small Finance Bank Limited issued under Rights Issue, effective November 07, 2025.
Summary
National Stock Exchange announces the listing of further equity shares of Utkarsh Small Finance Bank Limited on the Capital Market segment. The company has allotted 677,913,784 equity shares under a Rights Issue at Rs. 14 per share (face value Rs. 10). These securities will be admitted to trading with effect from November 07, 2025, under the symbol UTKARSHBNK with ISIN INE735W01017.
Key Points
- 677,913,784 new equity shares issued under Rights Issue - Final
- Issue price: Rs. 14 per share (Face value: Rs. 10, Paid-up value: Rs. 10)
- Date of allotment: November 05, 2025
- Distinctive number range: 1101609901 to 1779523684
- Market lot size: 1 share
- Securities are pari passu with existing equity shares
- No lock-in period applicable
- Shares initially credited under temporary ISIN as per SEBI regulations
Regulatory Changes
No regulatory changes introduced. This circular is issued in pursuance of existing regulations:
- Regulation 3.1.1 of NSE (Capital Market) Trading Regulations Part A for admission of securities
- Regulation 2.5.5 of NSE (Capital Market) Trading Regulations Part A for lot size specification
- SEBI circular CIR/MRD/DP/21/2012 and CIR/MRD/DP/24/2012 regarding temporary ISIN for additional issues
Compliance Requirements
- Trading members must use designated security codes (Symbol: UTKARSHBNK, ISIN: INE735W01017) for trading
- Trading must be conducted in the specified market lot size of 1 share
- Members should note that shares are initially under temporary ISIN and will be transferred to permanent ISIN after activation
Important Dates
- Allotment Date: November 05, 2025
- Listing Date: November 07, 2025
- Circular Effective Date: November 07, 2025
Impact Assessment
Market Impact: The addition of 677.9 million shares represents significant dilution for existing shareholders. The issue price of Rs. 14 per share indicates the rights issue was priced at a discount or premium to prevailing market price at the time of offer.
Liquidity Impact: The substantial increase in floating stock will likely enhance liquidity in UTKARSHBNK shares on the exchange.
Shareholder Impact: Existing shareholders who participated in the rights issue will maintain their proportional ownership. Non-participating shareholders will face dilution.
Operational Impact: No changes to trading operations except for the increased number of outstanding shares. The market lot remains at 1 share, ensuring retail accessibility.
Impact Justification
Significant dilution with 677.9 million new shares but routine rights issue listing with no operational changes. Medium impact due to share capital increase affecting existing shareholders.