Utkarsh Small Finance Bank IPO List (Opening, Closing, Listing Date, lot size and IPO Subscription Status)

The Utkarsh Small Finance Bank IPO provides an opportunity for individuals and institutions to become shareholders of Utkarsh Small Finance Bank, aligning their interests with the bank's future success

Utkarsh Small Finance Bank Ipo List

The Utkarsh Small Finance Bank IPO has garnered significant attention in the financial market. This initial public offering marks an important milestone for the bank as it aims to raise capital and expand its operations. Investors and stakeholders are closely watching the IPO, considering the bank’s strong track record and growth potential.

The Utkarsh Small Finance Bank IPO is scheduled to commence on July 12, offering subscription opportunities to investors. The IPO will conclude on July 14, providing a limited window for interested parties to participate. Upon completion, the company’s shares are anticipated to be listed on multiple exchanges, offering investors the opportunity to trade and invest in the bank’s stock.

This IPO presents an opportunity for investors to become part of Utkarsh Small Finance Bank’s journey and potentially benefit from the bank’s performance in the market. The listing on exchanges further enhances the bank’s visibility and access to a broader investor base.

Utkarsh Small Finance Bank IPO List Overview

IPO DateJul 12, 2023 to Jul 14, 2023
Listing Date24 July 2023
Face Value₹10 per share
Price₹23 to ₹25 per share
Lot Size600 Shares
Total Issue Size200,000,000 shares (aggregating up to ₹500.00 Cr)
Fresh Issue200,000,000 shares (aggregating up to ₹500.00 Cr)
Issue TypeBook Built Issue IPO
Listing AtBSE, NSE
Shareholding Pre-Issue895,521,522
Shareholding Post-Issue1,095,521,522
Highlights of Utkarsh Small Finance Bank IPO

Timetable of Utkarsh Small Finance Bank IPO

EventTentative Date
Opening Date12 July 2023 (Wednesday)
Closing Date14 July 2023 (Friday)
Basis of Allotment19 July 2023 (Wednesday)
Initiation of Refunds20 July 2023 (Thursday)
Credit of Shares to Demat21 July 2023 (Friday)
Listing Date24 July 2023 (Monday)
Cut-off time for UPI mandate confirmation5 PM on Jul 14, 2023
Utkarsh Small Finance Bank IPO Time Table

Utkarsh Small Finance Bank Share Price List (IPO Lot Size)

The lot size for the Utkarsh Small Finance Bank IPO is 600 shares.

Retail (Min)1600₹15,000
Retail (Max)137,800₹195,000
S-HNI (Min)148,400₹210,000
S-HNI (Max)6639,600₹990,000
B-HNI (Min)6740,200₹1,005,000
Utkarsh Small Finance Bank IPO Lot Size List

Utkarsh Small Finance Bank IPO Subscription Status

The IPO witnessed a subscription rate of 0.63 times as of Jul 12, 2023, at 11:15 AM. The public issue saw a relatively higher subscription in the retail category, with a subscription rate of 2.47 times. However, the Qualified Institutional Buyers (QIB) category recorded no subscription at the given time, indicating limited interest from institutional investors. The Non-Institutional Investors (NII) category observed a subscription rate of 0.67 times, reflecting moderate interest from individual investors. These subscription figures provide insights into the demand and investor response towards the Utkarsh Small Finance Bank IPO in various investor categories.

CategorySubscription (times)Shares OfferedShares bid for
bNII (bids above ₹10L)1.0799,00,0001,06,30,800
sNII (bids below ₹10L)0.471,98,00,00092,82,000
IPO Subscription Status of Utkarsh Small Finance Bank

Utkarsh Small Finance Bank official website : https://www.utkarsh.bank

Read :

List of Small Finance Banks and Payments Banks in India

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