How to check Utkarsh Small Finance Bank IPO allotment status

Utkarsh Small Finance Bank IPO allotment date, Utkarsh Small Finance Bank IPO listing date: The IPO of Utkarsh SFB saw an overall subscription of 101.9 times the shares on offer. The basis of allotment of shares under the IPO, comprising entirely fresh issuance of shares, will be finalised on Wednesday, June 19. The credit of shares in the account of winning bidders is likely on July 21, and the issue of refunds to other bidders on July 20. Utkarsh Small Finance Bank's IPO, to raise up to Rs 500 crore, concluded last week with a robust response from investors. 

Utkarsh Small Finance Bank IPO listing date

Utkarsh SFB shares are likely to be listed on stock exchanges BSE and NSE on June 24.

Utkarsh Small Finance Bank IPO allotment link: Wondering how to check the allotment status of your application? There are two ways to do so: 

Utkarsh Small Finance Bank IPO allotment through BSE website

Step 1: A bidder is required to visit the official website of the BSE to check the status of the IPO application online. Login at the direct BSE link — bseindia.com/investors/appli_check.aspx

Step 2: Select the option of 'Equity' under 'Issue Type'

Step 3: Select 'Issue Name'. Either enter your application number in the box or provide your PAN detail to proceed further.

Step 4: Click on 'I'm not a robot' and then submit.

The status of your Utkarsh SFB IPO application status will appear on the screen.

Utkarsh Small Finance Bank IPO allotment through the registrar's website

The registrar of the IPO is Kfin Technologies. A bidder is required to log in at the direct KFintech website — kprism.kfintech.com/ipostatus and follow through to check the status of the IPO application online.

Here are some of the important things to know about the Utkarsh Small Finance Bank IPO: 

The subscription window was open for three trading days, from July 12 to July 14. Potential investors could bid for Utkarsh Small Finance Bank shares under the IPO in a price band of Rs 23-25 in multiples of 600, translating to Rs 13,800-15,000 per lot.

Fund utilisation

The company aims to utilise the net proceeds from the issue towards augmenting its Tier 1 capital base to meet its future capital requirements and towards meeting the expenses in relation to the issue.

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