Utkarsh Micro Finance(Core Invest) Unlisted Share Price
Utkarsh Micro Finance(Core Invest) unlisted share price is ₹195 per share (indicative, as of 17 Oct 2026). Minimum ticket ₹25,000 (lot of 130 shares), the same for every company. Sector: Financials. Status: unlisted, no DRHP on record.
All unlisted share prices: dated indicative prices for every company the desk tracks.
Updated 17 Oct 2026, 22:10 IST. Dated dealer references.
BuyUnlistedShares tracks 230 unlisted companies with dated prices; Utkarsh Micro Finance(Core Invest)’s indicative price is ₹195 per share as of 17 Oct 2026, a lot of 130 shares.
Key facts
- Indicative price
- ₹195 per share
- Price as of
- 17 Oct 2026
- Minimum investment
- ₹25,000
- Lot size
- 130 shares
- Sector
- Financials
- Listing status
- Unlisted
- Settlement
- Demat to demat; terms agreed in writing for each deal
- Last updated
- 17 Oct 2026, 22:10 IST
Indicative and dated. BuyUnlistedShares deals as principal.
Buying at a glance
- Minimum ticket
- ₹25,000
- Price shown
- Indicative, dated 17 Oct 2026
- Delivery
- Shares are credited to your demat account
In plain words
- Lock-in if it lists
- Shares bought before an IPO are generally locked in for six months from the IPO allotment date under SEBI rules. The issue documents set the exact terms.
- Demat
- Yes. ISIN INE396P01012: the shares sit in your own demat account and move demat to demat through NSDL or CDSL.
- IPO status
- Unlisted. No DRHP on record.
Facts only, not a rating or a recommendation.
Compare it against the full unlisted share price list: every company the desk quotes, each with a dated indicative price.
Indicative move: +56.0% over 3 months · -4.9% over 1 year.
Key figures
| Market cap | ₹1,230.36 Cr |
|---|---|
| Minimum investment | ₹25,000 |
| Lot size | 130 |
| P/E ratio | 5.81x |
| ROE | 12.05% |
| Book value | ₹254.29 |
| Face value | ₹10 |
| 52-week high | ₹205 |
| 52-week low | ₹125 |
| ISIN | INE396P01012 |
| Dividend yield | 0% |
Financials (₹ Cr)
| Metric | FY23 | FY24 | FY25 |
|---|---|---|---|
| Revenue | 2,938 | 3,384 | — |
| PAT | 554 | 330 | — |
| EPS (₹) | 56.5 | 33.6 | — |
About the company
Utkarsh CoreInvest Limited, formerly known as Utkarsh Micro Finance Limited, is a Varanasi-headquartered non-banking financial company that operates as a Core Investment Company (CIC) under the regulatory framework of the Reserve Bank of India.
Prices shown are indicative and dated. Unlisted shares are illiquid and values can move sharply.
Registered in Uttar Pradesh.
Registry
- ISIN: INE396P01012
- Depository: NSDL & CDSL
- Listed at: Unlisted
- Price as of: 17 Oct 2026
Company facts
| CIN | U65191UP1990PLC045609 |
|---|---|
| Incorporated | 1990 |
| ISIN | INE396P01012 |
| Face value | ₹10 |
| Registered office | S-24/1-2, Fourth Floor, Mahavir Nagar, Orderly Bazar, Near Mahavir Mandir, Varanasi 221002, Uttar Pradesh, India |
| Lot size | 130 shares |
| Minimum units | 55 |
| DRHP | Not filed |
Financial statements (₹ Cr)
| Metric | FY22 | FY23 | FY24 | FY24 vs FY23 |
|---|---|---|---|---|
| Revenue | 2,094.8 | 2,938.19 | 3,383.55 | +15.2% |
| Profit after tax | 62.21 | 553.8 | 329.84 | −40.4% |
| EPS (₹) | 6.36 | 56.45 | 33.56 | −40.5% |
| Net margin | 3% | 18.9% | 9.8% | −9.1 pts |
| Share capital | 98.33 | 98.42 | 98.74 | +0.3% |
| Reserves & surplus | 1,217.96 | 1,658.59 | 1,924.16 | +16% |
| Net worth | 1,316.29 | 1,757.01 | 2,022.9 | +15.1% |
| Fixed assets | 442.92 | 516.52 | 501.49 | −2.9% |
| Investments | 2,328.45 | 2,796.25 | 3,650.16 | +30.5% |
| Trade payables | 40.92 | 42.01 | 49.45 | +17.7% |
| Cash from operations | 724.34 | 952.23 | 210.85 | −77.9% |
| Cash from investing | 163.25 | −443.82 | −393.22 | +11.4% |
| Cash from financing | −186.32 | 135.87 | 516.28 | +280% |
| Net cash generated | 701.27 | 644.28 | 333.9 | −48.2% |
Key ratios and valuation
| Measure | Value | Basis |
|---|---|---|
| Indicative price | ₹195 | dealer reference, 17 Oct 2026 |
| Market cap | ₹1,230.36 Cr | as recorded |
| P/E | 5.81x | price ÷ EPS ₹33.56 (FY24) |
| P/B | 0.77x | price ÷ book value ₹254.29 |
| EPS | ₹33.56 | per share, FY24 |
| Book value | ₹254.29 | per share, latest books |
| RoE | 12.05% | return on equity, latest FY |
| Debt / equity | 0.74 | latest balance sheet |
| Dividend yield | 0% | at the indicative price |
| Face value | ₹10 | per share |
| 52-week range | ₹125 – ₹205 | 317 dated quotes, last 12 months |
| Shares outstanding | — | not meaningful |
Shareholding pattern
| Category | Holder | % of equity |
|---|---|---|
| Others | CDC Group PLC (British International Investment) | 13.95% |
| Institutions | RBL Bank Limited | 9.86% |
| Institutions | NMI Frontier Fund KS, Norway | 7.83% |
| Institutions | Faering Capital India Evolving Fund II | 7.78% |
| Institutions | Other Shareholders (incl. Institutions, Bodies Corporate & Public) | 60.58% |
Institutions 86.05% · Others 13.95%
Management and promoters
| Name | Designation | Experience |
|---|---|---|
| Suman Saurabh | Managing Director & CEO | — |
| G. S. Sundararajan | Non-Executive Independent Director & Chairperson | — |
| Atul | Independent Director | — |
| Harshit Agrawal | Chief Financial Officer | — |
| Neeraj Kumar Tiwari | Company Secretary | — |
Business model
Utkarsh CoreInvest Limited, formerly Utkarsh Micro Finance Limited, is an RBI-regulated non-deposit-taking systemically important core investment company. Its FY2024-25 report identifies it as the holding company. Before becoming a core investment company, the entity used a group-lending methodology to provide small-value unsecured bank loans to lower-income groups below the poverty line in urban and rural areas.
During FY2016-17 it transferred its microfinance business, and almost all assets and liabilities other than certain statutory assets, a vehicle and statutory liabilities, to its subsidiary Utkarsh Small Finance Bank Limited under a business transfer agreement. RBI approved the company to carry on the CIC-ND-SI business on 3 May 2018. The FY2024-25 financial statements consequently distinguish the UCL standalone entity from consolidated group results. This description does not treat the historical microfinance lending activity as a current direct UCL operating activity.
Corporate actions and events
| Date | Type | Detail | Ratio / amount | Source |
|---|---|---|---|---|
| Undated | Agm | 35th Annual General Meeting held via video conference. (26 Sep 2025) | — | Desk note |
Reports and filings
No filings uploaded yet.
Annual reports
- Utkarsh Micro Finance(Core Invest) annual report 2024-25 (PDF)
- Utkarsh Micro Finance(Core Invest) annual report 2023-24 (PDF)
- Utkarsh Micro Finance(Core Invest) annual report 2022-23 (PDF)
- Utkarsh Micro Finance(Core Invest) annual report 2021-22 (PDF)
Frequently asked questions
What does Utkarsh CoreInvest Limited do?
Utkarsh CoreInvest Limited, formerly Utkarsh Micro Finance Limited, is a non-banking financial company registered as a Core Investment Company with the RBI. It functions mainly as the promoter and holding company of Utkarsh Small Finance Bank Limited, holding a majority stake in the bank rather than carrying out direct lending itself.
Is Utkarsh CoreInvest listed on the stock exchange, and how can its unlisted shares be bought?
No. Utkarsh CoreInvest Limited is not listed on the NSE or BSE; only its banking subsidiary, Utkarsh Small Finance Bank, is listed. Transfers happen demat-to-demat through NSDL/CDSL depository participants.
What determines the indicative price of Utkarsh CoreInvest unlisted shares?
Because the shares are not exchange-traded, any quoted price is indicative and set by private buyer-seller negotiation. It is influenced by factors such as the market value and performance of Utkarsh Small Finance Bank, the typical holding-company discount, demand and supply in the unlisted market, and overall sentiment toward the small finance banking sector.
What are the key fundamentals of Utkarsh CoreInvest Limited?
Utkarsh CoreInvest Limited was incorporated in 1990 and is headquartered in Varanasi, Uttar Pradesh. Its CIN is U65191UP1990PLC045609 and its ISIN is INE396P01012, with a face value of ₹10 per share. It operates as an RBI-registered Core Investment Company holding a controlling interest in Utkarsh Small Finance Bank.
What is the Utkarsh Micro Finance(Core Invest) unlisted share price today?
The indicative over-the-counter reference price is ₹195 per share as of 17 Oct 2026. It is a dated dealer reference, refreshed every working day.
Is Utkarsh Micro Finance(Core Invest) listed on a stock exchange?
Not yet. Utkarsh Micro Finance(Core Invest) changes hands in the unlisted market, over the counter and settle into your demat account through NSDL and CDSL.
What is the minimum investment in Utkarsh Micro Finance(Core Invest)?
The minimum ticket is ₹25,000, the same for every company on the site.
What is the ISIN of Utkarsh Micro Finance(Core Invest)?
INE396P01012. Holdings are settled in demat form through NSDL and CDSL.
How do I buy Utkarsh Micro Finance(Core Invest) unlisted shares?
Send an enquiry with the quantity you have in mind. The desk replies with a dated quote, the paperwork list and the demat steps, and the shares settle demat to demat into your own account.
Is there a lock-in if Utkarsh Micro Finance(Core Invest) lists?
Pre-IPO shareholders other than promoters are generally locked in for six months from the date of IPO allotment under SEBI ICDR regulation 17. The final offer document sets the exact terms.
Sources
- Utkarsh Micro Finance(Core Invest) annual report 2024-25 · FY 2024-25 · utkarshcoreinvest.com
- Utkarsh Micro Finance(Core Invest) annual report 2023-24 · FY 2023-24 · utkarshcoreinvest.com
- Utkarsh Micro Finance(Core Invest) annual report 2022-23 · FY 2022-23 · utkarshcoreinvest.com
- Utkarsh Micro Finance(Core Invest) annual report 2021-22 · FY 2021-22 · utkarshcoreinvest.com
- BuyUnlistedShares indicative price series for Utkarsh Micro Finance(Core Invest), dated daily · since 12 Sep 2025 (343 dated quotes) · buyunlistedshares.com
How to cite this page: BuyUnlistedShares, “Utkarsh Micro Finance(Core Invest) unlisted share price”, https://buyunlistedshares.com/unlisted-shares/utkarsh-micro-finance, as of 17 Oct 2026.
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Indicative reference price, dated. BuyUnlistedShares is India's premium unlisted shares desk, run by Gayatri Financial Synergy LLP. In the market since 2002. Data as of 17 Oct 2026.
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