Utkarsh Coreinvest Unlisted Share Prices
Utkarsh Coreinvest Ltd.
INE396P01012
Listing Status: DRHP Not Filed
About Utkarsh Coreinvest Unlisted Share Prices
Overview of Utkarsh Coreinvest Unlisted Share Prices
Utkarsh CoreInvest Limited, formerly Utkarsh Micro Finance Limited, was founded in September 2009 to serve the unbanked population by offering financial and non-financial services.
The company began offering credit in FY 2009 under the Joint Liability Group (JLG) model.
Over time, it added Micro Enterprise Loans (MEL), Housing Loans, and Micro Pension Products to its portfolio.
The Reserve Bank of India authorized Utkarsh Micro Finance to open a “Small Finance Bank” in FY 2016.
As a result, the business founded ‘Utkarsh Small Finance Bank Limited’ as a subsidiary.
Utkarsh Micro Finance used a slum sale to transfer all of its assets and obligations—aside from a few statutory liabilities, cars, and assets—to its subsidiary, Utkarsh Small Finance Bank Limited, in accordance with regulatory rules. Starting on January 23, 2017, the subsidiary conducted banking operations.
A Snapshot of Utkarsh SFB
- Products: Provides a range of loan products including microfinance loans, personal and business loans, housing loans, gold loans, and vehicle loans.
- Strong Deposit Base: Offers fixed deposits (FDs), current accounts, and savings accounts, with a total deposit growth of 36.09% in FY-23.
- Expansive Branch Network: Operates 830 banking outlets, with a significant focus on rural and semi-urban areas, exceeding regulatory requirements for unbanked area coverage.
- Micro-Banking and General Banking: The network includes 579 micro-banking branches and 251 general banking branches, catering to diverse customer needs.
- Gross Loan Portfolio: Achieved a 31% increase in the gross loan portfolio, which stood at ₹13,957.11 crore as of March 31, 2023.
- Commitment to Expansion: Opened over 270 new branches during FY22 and FY23, showcasing resilience and growth despite COVID-19 disruptions.
- Rural and Semi-Urban Focus: Approximately 27.35% of branches are in unbanked areas, promoting financial inclusion.
For More details on Utkarsh Small Finance Bank, click here.
Financial Results
All Values in INR - Crs. (FY23 results of Utkarsh Coreinvest Ltd.)
Particulars | FY 2022-2023 | FY 2021-2022 | Change Y-o-Y |
Deposits | 13,710.1 | 10,074.1 | 36.09% |
Gross Loan Portfolio | 13,957.1 | 10,630.7 | 31.29% |
Total Income | 2,804.2 | 2,033.6 | 37.89% |
Operating Profit | 838.3 | 511.93 | 63.76% |
Profit After Tax | 404.50 | 61.4 | 558.14% |
Earning per Share (per share of INR 10.00 each) | 56.45 | 6.36 | – |
The financials reflect significant growth across key financial indicators:
- Deposits and gross loan portfolio increased by over 30%,
- Total income surged by nearly 38%, and operating profit saw a remarkable 64% rise
- Profit after tax soared by over 550%, translating to a substantial increase in earnings per share. Overall, the institution has exhibited robust financial performance and profitability.
Shareholding Pattern
Shareholding above 5% | Holding % |
CDC Group PLC | 13.95 |
RBL Bank Limited | 9.86 |
NMI Frontier Fund KS Norway | 7.83 |
Faering Capital India Evolving FUND II | 7.78 |
What Differentiates Utkarsh CoreInvest Limited From Its Competitors?
Utkarsh CoreInvest Limited stands out from competitors such as AU Small Finance Bank, Fincare Small Finance Bank, and Ujjivan Small Finance Bank in several ways. While these competitors are prominent players in the Indian banking sector, Utkarsh CoreInvest Limited differentiates itself by expanding its services across 18 states and union territories, a network of over 530 outlets and a continuous focus on reaching remote areas. Moreover, investors place trust in Utkarsh CoreInvest Limited, evident from its successful fundraising efforts, having raised over $93.5 million across six funding rounds, compared to AU Small Finance Bank’s $130 million raised over 12 rounds.
Utkarsh CoreInvest Awards & Recognitions
- Recognized as Microfinance India Organization of the Year (Small and Medium Category) in 2012.
- Honoured with the Mix STAR (Socially Transparent And Responsible) Award in 2013.
- Received the MF Transparency Seal of Pricing Transparency Award.
- Acknowledged with CIMSME’s MSME Banking Excellence Award in 2015.
- Awarded the MFIN Awards in 2018 for the “Effective Grievance Redressal Systems” category.Received the “Social Impact Initiatives Award” at the 5th Eastern India Microfinance Summit in 2019.
Insights of Utkarsh Coreinvest Unlisted Share Prices
Utkarsh Small Finance Bank IPO
Allotment and Listing Details The allotment for Utkarsh Small Finance Bank IPO was completed on Wednesday, July 19, 2023, with shares listed on both BSE and NSE on July 21, 2023. The IPO price band was set at ₹23 to ₹25 per share, with a minimum lot size of 600 shares per application. To learn more about whether you should invest in the Utkarsh IPO, read this blog.
Utkarsh Small Finance Bank Considers Reverse Merger with Utkarsh CoreInvest
They received a proposal for a reverse merger, which they will evaluate in an upcoming board meeting. This move is to comply with RBI guidelines on shareholding in banking companies. The bank’s profits increased by 23% in the last quarter, with net interest income also rising. They have re-appointed Govind Singh as managing director and CEO. Utkarsh Small Finance Bank started operations in 2017 and was listed on exchanges in July 2023. Experts predict good returns for the bank due to its presence in underdeveloped areas and strong track record in managing assets.
Value Unlocking
Reverse Merger occurs when a privately held company merges with a publicly traded company to bypass the traditional IPO process. Compared to the conventional IPO, reverse mergers are far less time-consuming and incur fewer costs. A well-executed reverse merger generally creates shareholder value for all stakeholders and offers access to the capital markets.
Let's understand this with a few examples and understand how the investors have benefited from the reverse merger process:
Example 1: Equitas Holdings & Equitas SFB Reverse Merger
- Swap ratio 100:231 - Post the reverse merger, 231 shares of Equitas SFB were issued to the shareholders holding 100 shares in Equitas HL.
- Received No Objection from RBI: May 2022
- Received shareholder approval: September, 2022
- Final Approval received: 17 January, 2023
- Record date: 3rd February,2023
Calculations as per the data on 2nd November 2022:
Current Holding % of Equitas holdings in Equitas SFB | 75% |
Equitas SFB Market Cap | 6100 crores |
Holding of Equitas Holdings in Equitas SFB | 4575 crores |
Equitas Holdings' number of shares | 34.7 crores |
Price per share | 132 |
Equitas Holdings share price as on record date | 110 |
Discount | 22 per share (16.6%) |
Example 2: Ujjivan Financial Services & Ujjivan SFB Reverse Merger
- Swap ratio 116:10 – Post the reverse merger, 116 shares of Ujjivan SFB will be issued to the shareholders holding 10 shares of Ujjivan FS.
- Merger announced: 14 October, 2022
- Received approval from NCLT: 8 September, 2023
- The process is expected to be finished by the end of FY-24.
Calculations as per the data on 3rd January 2024:
Current Holding % of Ujjivan FS in Ujjivan SFB | 73% |
Ujjivan SFB Market Cap | 11500 crore |
Holding of Ujjivan FS in Ujjivan SFB | 8395 crores |
Ujjivan FS's number of shares | 12.1 crores |
Price per share | 694 |
Ujjivan FS share price as on record date | 565 |
Discount | 120 per share (18.6%) |
We anticipate that Utkarsh will experience something akin to Equitas and Ujjivan. Here, a reverse merger process might occur, giving the investors an opportunity for wealth creation. With precedence, the reverse merger has become more streamlined.
Here’s what we can expect: Calculations as per the data on 23rd April 2024
Current Holding % of Utkarsh CoreInvest in Utkarsh SFB |
69% |
Utkarsh SFB Market Cap |
6200 crores |
Holding of Utkarsh CoreInvest in Utkarsh SFB |
4278 crores |
Utkarsh CoreInvest Number of shares outstanding |
9.64 crores |
Price per share |
443 |
Utkarsh CoreInvest CMP |
293 |
Discount |
150 per share (34%) |
Financial Charts of Utkarsh Coreinvest Unlisted Share Prices
Balance Sheet of Utkarsh Coreinvest Unlisted Share Prices
Profit and Loss of Utkarsh Coreinvest Unlisted Share Prices
Ancillary of Utkarsh Coreinvest Unlisted Share Prices
Ratio Analysis
Peers
Industry Benchmarking
Segment Revenue
Subsidaries
Security Allotment
Corporate Governance
Team Management Details
FAQs of Utkarsh Coreinvest Unlisted Share Prices
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How to buy Utkarsh Coreinvest Ltd.?
Below are three ways through which you can purchase Utkarsh Coreinvest Ltd.:
- We at Altius Investech have many actively traded scripts and are market makers of unlisted shares. To check out all the unlisted shares traded. (Click on link). To submit a request to buy Utkarsh Coreinvest Ltd., please click on the trade button at the top of this page
- Additionally, you can download our app from your play store or app store, register on our application, and engage in active trading there.
Download the Altius App here https://onelink.to/hf4m72 - You can also reach out to us at : +91 8240614850 / +91 8240861716
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How to sell Utkarsh Coreinvest Ltd.?
Below are three ways through which you can sell Utkarsh Coreinvest Ltd.:
- We at Altius Investech have many actively traded scripts and are market makers of unlisted shares. To check out all the unlisted shares traded. (Click on link). To submit a request to sell Utkarsh Coreinvest Ltd., please click on the trade button at the top of this page
- Additionally, you can download our app from your play store or app store, register on our application, and engage in active trading there.
Download the Altius App here https://onelink.to/hf4m72 - You can also reach out to us at : +91 8240614850 / +91 8240861716
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What is the price of Utkarsh Coreinvest Ltd.?
We provide a two way quote on all the shares we deal in. Your buy price for Utkarsh Coreinvest Ltd. is ₹279 and your sell price for Utkarsh Coreinvest Ltd. is ₹250. The price is based on our estimates and market conditions.
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What is the lock-in period of Utkarsh Coreinvest Ltd.?
The lock-in period for Utkarsh Coreinvest Ltd. varies depending on the category of investors:
- For retail Investors, HNIs, or Body Corporates, the lock-in period is 6 months from the date of the listing of Utkarsh Coreinvest Ltd.
- For Venture Capital Funds or Foreign Venture Capital Investors, there is a lock-in period of 6 months from the date of acquisition of Utkarsh Coreinvest Ltd.
- For AIF-II (Alternative Investment Funds - Category II), there is no lock-in period
August 2021 saw the introduction of this regulation by SEBI. The purpose of the regulation change, which lowered the lock-in period from a year to six months, was to incentivize additional investments in firms getting ready for initial public offerings, or IPOs. Since its introduction, a number of Portfolio Management Services (PMS) have advised their clients to purchase Pre-IPO shares in order to take advantage of the advantages associated with early-stage investments. This reduction in the lock-in period is considered as a significant step forward.
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How is the Utkarsh Coreinvest Ltd. price calculated?
Fundamental & Comparative valuation models and the forces of demand and supply in the market for unlisted shares dictate the price. These prices are based on our estimates and transaction history of Utkarsh Coreinvest Ltd.. The price is also determined from the most recent funding round for Utkarsh Coreinvest Ltd.. This provides us with a benchmark valuation, offering a clear indication of the company's current market value as perceived by investors and industry experts.
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What are the lot sizes of Utkarsh Coreinvest Ltd.?
We can generally arrange lot sizes starting with an investment of INR 20,000. To confirm the lot sizes of Utkarsh Coreinvest Ltd. with us kindly click here.
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What are the financials of Utkarsh Coreinvest Ltd.?
The financials of Utkarsh Coreinvest Ltd. which includes the P/L of Utkarsh Coreinvest Ltd. and the Balance Sheet of Utkarsh Coreinvest Ltd. is in the financials section (Click on link).
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Where can I find the annual report of Utkarsh Coreinvest Ltd.?
The annual report of Utkarsh Coreinvest Ltd. is available in the annual report section (Click on link).
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Is buying Utkarsh Coreinvest Ltd. legal in India?
Yes, buying and selling unlisted shares in India is indeed 100% legal. This activity is regulated and governed under the guidelines provided by the Securities and Exchange Board of India (SEBI). Investors and traders must adhere to these regulations and guidelines to ensure compliance with legal and financial standards. It's important for participants in the unlisted share market to be aware of and understand these regulations to engage in transactions legally and securely.
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Short-term Capital Gain taxes to be paid on Utkarsh Coreinvest Ltd.?
When you sell unlisted shares within a period of two years from the date of acquisition, any profit earned from the sale is classified as Short-term Capital Gain (STCG). This gain is then added to your total income for that financial year. The tax on this short-term capital gain is calculated based on your applicable individual income tax slab rates. Therefore, the rate at which you will pay tax on the STCG from unlisted shares depends on your total income, including this gain, and the tax slab it falls under as per the prevailing income tax laws in India. It's important for investors to consider these tax implications when engaging in transactions involving unlisted shares.
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Long-term Capital Gain taxes to be paid on Utkarsh Coreinvest Ltd. and how are They Taxed?
Long-term Capital Gains (LTCG) on unlisted shares in India refer to the profits earned from the sale of unlisted shares that have been held for more than two years. The key aspects of LTCG on unlisted shares include:
- Tax Rate: LTCG on unlisted shares is taxed at a rate of 20%.
- Indexation Benefit: This is a significant advantage for investors. Indexation allows for adjusting the purchase price of the shares for inflation, which can reduce the taxable gain.
- Importance for Investors: Understanding LTCG is crucial, especially for High Net-worth Individuals (HNIs) and retail investors, as it impacts their investment strategy and tax planning. Knowing these details helps in making informed investment decisions.
- Calculation: LTCG is calculated by subtracting the indexed cost of acquisition (the purchase price adjusted for inflation) from the sale price of the shares. The profit thus calculated is subject to a 20% tax.
- Applicability: LTCG tax is applicable to profits from the sale of unlisted shares held for more than two years.
- Relevance: This tax is particularly relevant to investors in the unlisted share market, including those considering selling their holdings after a period of more than two years.
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Applicability of Taxes on Utkarsh Coreinvest Ltd. once it is listed?
When shares initially bought in the unlisted market become listed, the taxation rules change significantly if these shares are sold through a stock exchange. Here's what investors need to know:
Transition to Listed Market Tax Rates: Once unlisted shares are listed on the stock exchange and subsequently sold, the tax rates applicable to listed securities come into effect. This shift means that the favourable tax treatments for listed shares, as per the prevailing tax laws, will apply.
Taxation Based on Holding Period: The crucial factor in determining the type of capital gains tax (Long-term or Short-term) is the holding period of the shares. Importantly, this period is calculated from the original purchase date when the shares were unlisted.
Long-term vs. Short-term Capital Gains: If the shares are sold after being held for more than one year from the date of purchase (including the period when they were unlisted), they are subject to Long-term Capital Gains (LTCG) tax.
Conversely, if sold within one-year, Short-term Capital Gains (STCG) tax rates apply.
Significance for Investors: This information is vital for investors in the unlisted market, as it impacts their tax planning and decision-making process. Understanding these nuances ensures that investors can strategically plan the sale of their shares post-listing to optimize tax implications.
Advice for Investors: It's advisable for investors to keep a record of their purchase dates and monitor the listing dates closely. Additionally, staying updated with the latest tax regulations or consulting with a financial advisor is recommended for accurate tax calculations and compliance. -
How does Altius Investech source Utkarsh Coreinvest Ltd.?
At Altius Investech, our approach to sourcing Boat Unlisted Share (Imagine Marketing) involves a strategic and direct method. Primarily, we acquire these shares from the below key groups:
Employees of the Company: Employee stock option plans (ESOPs) or other compensation packages frequently include shares for firm employees. For a various reasons, such as including portfolio diversification or financial considerations, some of these employees may eventually choose to sell their shares. We engage with these employees, providing them a platform to sell their shares.
Initial Investors: These are the angel or early-stage investors who provided capital to the business in its early stages. These original investors may look to sell all or part of their ownership position in the company as it develops and flourishes. This might be done for various reasons such as in order to maximise their investment, reallocate resources, or make other calculated financial decisions.
Funding rounds and VC funds: Altius Investech sources the shares from private placement rounds in which private companies seek to obtain capital from the market. Through our platform, venture capital funds can liquidate their shares and we receive the inventory from them when they decide to sell a portion of their ownership through block trades.
By establishing connections with these groups, Altius Investech guarantees our clients a steady and dependable supply of Boat Unlisted Share (Imagine Marketing). This process not only makes it easier for employees and initial investors in liquidating their assets, but it also gives our clients access to shares that aren't often found on the open market. Our platform effectively facilitates a win-win situation for both buyers and sellers. -
How to trust Altius Investech before buying Utkarsh Coreinvest Ltd. from its platform?
Altius Investech stands at being India's fastest growing and leading marketplace for buying and selling unlisted shares. We believe in enabling access to alternative sources of investments at lower entry barriers to private equity investments.
With more than 25 years of experience, Altius Investech has carved a niche in the financial market by serving more than 8000 clients. The incredible journey is further highlighted by the vast number of transactions that Altius Investech has facilitated transactions that have already exceeded 300 crores.
For investors Altius Investech curates investment opportunities in companies at reasonable valuations which are on the verge of an IPO leading to massive value unlocking. Investments are backed by thorough research and sound investment thesis, with a time bound exit plan.
For ESOP Shareholder and existing Investors, we assist them to liquidate their shares even if they are not publicly traded by creating a platform where we find the right buyers and sellers for the best prices.
Altius Investech have been featured in top media news outlets like Economic Times, Financial Express, Money control. Check out about us on these - leading publications (Click on link) Our journey over these years has not just been about numbers; it's been about building trust and reliability.
We at Altius Investech are dedicated to upholding the greatest levels of ethics and transparency, making sure that your investment experience is not only profitable but also safe and reliable.
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