Utkarsh Micro Finance(Core Invest) Unlisted Share Price
As of , the indicative unlisted share price of Utkarsh Micro Finance(Core Invest) is ₹125 per share. This is an over-the-counter reference price, not a stock-exchange quote.
As of , Utkarsh Micro Finance(Core Invest) is not listed on any Indian stock exchange (NSE or BSE) — its shares trade in the unlisted, over-the-counter (pre-IPO) market.
| Price / unit | ₹125 |
|---|---|
| Market cap | ₹1,230 Cr |
| Min. investment | ₹10,000 |
| Lot size | 80 |
| P/E ratio | 3.73 |
| P/B ratio | 0.49 |
What is Utkarsh Micro Finance(Core Invest)?
Utkarsh Micro Finance(Core Invest) is an unlisted Financials company whose shares trade in India's over-the-counter (pre-IPO) market and settle in demat form (NSDL/CDSL).
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. Incorporated in 1990, the firm began its journey as a microfinance lender focused on extending small-ticket credit to underserved and financially excluded households across northern and eastern India. In 2018, following the group's transition into the banking space, the entity was restructured from a microfinance operating company into a holding company and renamed Utkarsh CoreInvest Limited. Today, the company functions primarily as the promoter and holding vehicle for Utkarsh Small Finance Bank Limited, holding a substantial majority stake in the bank. This positions Utkarsh CoreInvest as an upstream parent whose value is closely tied to the performance, growth, and market valuation of its banking subsidiary, which serves customers through a network spanning microfinance, retail liabilities, and small-ticket lending. The Core Investment Company structure means CoreInvest itself does not undertake direct lending operations but instead manages and consolidates its investment in the regulated banking entity. The company traces its roots to the financial inclusion movement, and its legacy promoters and institutional investors have historically included development finance institutions and private equity participants drawn to India's small finance banking sector. Its leadership includes nominee and independent directors alongside management overseeing the holding company's affairs. In the unlisted market, Utkarsh CoreInvest draws interest largely because it offers indirect exposure to the listed small finance bank through a holding-company lens, with the two entities valued separately by participants. The holding-company discount, the bank's operating metrics, and broader sentiment toward the small finance banking segment are among the factors that shape how its shares are discussed and quoted off-market. As a public company whose equity is not traded on any stock exchange, its shares change hands privately, with quoted figures serving only as indicative reference points rather than exchange-determined prices.
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Frequently asked questions
No. As of 16 July 2026, Utkarsh Micro Finance(Core Invest) is an unlisted company whose shares trade over-the-counter; it would list only if and when it completes an IPO.
The minimum lot is 80 share(s); at the indicative price of about ₹125, that is approximately ₹10,000. Indicative reference, not a quote.
As of 16 July 2026, the indicative unlisted share price of Utkarsh Micro Finance(Core Invest) is ₹125 per share. This is an over-the-counter reference price, not a stock-exchange quote.
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.
No. Utkarsh CoreInvest Limited is not listed on the NSE or BSE; only its banking subsidiary, Utkarsh Small Finance Bank, is listed. CoreInvest's own shares are unlisted and trade privately in the off-market through registered dealers and unlisted-share platforms, typically settling into the buyer's demat account. This is informational and not a solicitation to transact.
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.
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.
They can. If the company declares a dividend, unlisted shareholders are eligible like any other shareholder. Many unlisted firms reinvest profits, so dividends are not guaranteed.
After listing, unlisted shares convert into regular listed shares in your demat account and can be traded on the exchange, usually once any applicable SEBI lock-in period ends.
Unlisted shares are less liquid than listed shares. You can sell when a buyer is available through an off-market transfer; there is no continuous exchange market, so exits can take longer.
Unlisted shares carry higher risk and lower liquidity than listed shares, with fewer disclosures and no live market price. This is general information, not investment advice — assess suitability before investing.
An unlisted share price is an indicative, over-the-counter reference set by demand and supply in private deals between buyers and sellers. There is no live exchange quote, so prices can vary across dealers and over time.
Yes. Unlisted shares are delivered in dematerialised form, so you need an active demat account (NSDL or CDSL). No special account type is required — a regular demat account works.
Unlisted shares are sold through an off-market transfer to a buyer via a registered intermediary, settling from your demat account with a contract note. Liquidity depends on buyer availability, so exits can take longer than listed shares.
Utkarsh Micro Finance(Core Invest) vs similar unlisted Financials shares
Indicative over-the-counter prices, as of 16 July 2026. Information only — not a recommendation or ranking.