Utkarsh Small Finance Bank has announced the successful submission of applications for its rights issue from all 37 identified specific investors. The bank confirmed that these applications were received before 11 a.m. on October 24, 2025, the opening day of the issue, in compliance with SEBI regulations.

Rights Issue Details

The rights issue involves up to 67,79,13,784 fully paid-up equity shares. While the exact price per share was not disclosed, the bank has attracted a diverse group of institutional and individual investors.

Key Investors

Some of the major institutional players participating in the rights issue include:

Diverse Investor Base

The rights issue has attracted a wide range of investors, including:

• Insurance companies
• Foreign institutional investors
• Domestic and international funds
• Trusts
• Private companies
• Individual investors

Regulatory Compliance

The bank emphasized that all applications were submitted in compliance with Regulation 77B(2) of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018. This adherence to regulatory requirements underscores Utkarsh Small Finance Bank's commitment to transparency and proper governance in its capital-raising activities.

Implications

The successful application process for the rights issue suggests strong investor confidence in Utkarsh Small Finance Bank. The diverse mix of institutional and individual investors indicates broad-based support for the bank's growth plans and financial outlook.

For more details on the application process and allotment of equity shares, interested parties are directed to refer to the "Terms of the Issue" section on page 79 of the Letter of Offer, as mentioned in the bank's disclosure.

Utkarsh Small Finance Bank has made a significant move in the capital markets by issuing 5.7 crore shares to Cohesion MK Best Ideas Sub-Trust, an investment vehicle associated with renowned investor Madhu Kela. This share issuance marks a substantial equity transaction for the small finance bank, potentially impacting its ownership structure and capital base.

Details of the Share Issuance

The bank has confirmed the application for shares by Cohesion MK Best Ideas Sub-Trust as part of a larger rights issue. Here are the key details:

Broader Context of the Rights Issue

The share issuance to Madhu Kela's trust is part of a larger rights issue by Utkarsh Small Finance Bank. The bank has received applications from various institutional and individual investors. Some of the other significant participants in this rights issue include:

Compliance with SEBI Regulations

The bank has stated that all identified specific investors, including Cohesion MK Best Ideas Sub-Trust, submitted their applications before 11 a.m. on the issue opening date, October 24, 2025. This is in compliance with Regulation 77B(2) of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018.

Implications for Utkarsh Small Finance Bank

This significant share issuance, particularly to a trust associated with a prominent investor like Madhu Kela, may have several implications for Utkarsh Small Finance Bank:

1. Capital Infusion: The rights issue is likely to result in a substantial capital infusion for the bank, potentially strengthening its financial position.

2. Investor Confidence: The participation of well-known investors and institutions may signal strong confidence in the bank's future prospects.

3. Expansion Plans: With additional capital, the bank may be better positioned to fund its growth and expansion strategies.

4. Market Perception: The involvement of high-profile investors could positively influence market perception of the bank's stock.

Investors and market watchers will likely keep a close eye on how this capital infusion impacts Utkarsh Small Finance Bank's operations and financial performance in the coming quarters.