Utkarsh Small Finance Bank IPO: Subscription status, issue price, lot size, listing date, other important details to know
Utkarsh Small Finance Bank IPO today: Utkarsh Small Finance Bank - a Varanasi, Uttar Pradesh-based small finance bank - launched an initial public offer (IPO) on Wednesday to raise up to Rs 500 crore.
Utkarsh Small Finance Bank IPO, Utkarsh Small Finance Bank IPO day 3 update: Utkarsh Small Finance Bank — a Varanasi, Uttar Pradesh-based small finance bank — received bids for 8,65,41,74,400 shares as against the 12,05,43,477 shares on offer, translating to an overall subscription of 71.79 times on the third day of the bidding process so far.
Utkarsh Small Finance Bank IPO: Subscription status
By 2:15 PM on Friday, the quota for Qualified Institutional Buyers got subscribed 75.28 times while the category for Retail Individual Investors (RIIs) got subscribed 65.47 times. The portion for non-institutional investors got subscribed 72.9 times.
Utkarsh Small Finance Bank IPO listing date on NSE, BSE, Utkarsh Small Finance Bank IPO allotment date
Utkarsh SFB shares are likely to be listed on bourses BSE and NSE on July 24, with the basis of allotment to be finalised on July 19 and the credit of shares to take place on July 21. Under the IPO, potential investors can bid for Utkarsh SFB shares in a range of Rs 23-25 apiece in multiples of 600, translating to Rs 13,8000-15,000 per lot.
Utkarsh Small Finance Bank IPO reviews by Anil Singhvi: Should you subscribe?
Zee Business Managing Editor Anil Singhvi suggests applying for the IPO for "big listing gains" and from a long-term perspective. Read more
Utkarsh SFB commenced operations in 2017. Its product suite includes a range of deposit products, such as saving accounts, salary accounts, recurring and fixed deposits, current accounts and locker facilities. The lender's operations were spread across 26 states and union territories as of March 2023, with 830 banking outlets serving 3.6 million customers located majorly in rural and semi-urban areas, primarily in Bihar and Uttar Pradesh.
The subscription window for the Utkarsh SFB IPO will close on Friday, July 14. The subscription window is available from 10 am to 5 pm.
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