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 Date | Jul 12, 2023 to Jul 14, 2023 |
|---|---|
| Listing Date | 24 July 2023 |
| Face Value | ₹10 per share |
| Price | ₹23 to ₹25 per share |
| Lot Size | 600 Shares |
| Total Issue Size | 200,000,000 shares (aggregating up to ₹500.00 Cr) |
| Fresh Issue | 200,000,000 shares (aggregating up to ₹500.00 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Shareholding Pre-Issue | 895,521,522 |
| Shareholding Post-Issue | 1,095,521,522 |
Timetable of Utkarsh Small Finance Bank IPO
| Event | Tentative Date |
|---|---|
| Opening Date | 12 July 2023 (Wednesday) |
| Closing Date | 14 July 2023 (Friday) |
| Basis of Allotment | 19 July 2023 (Wednesday) |
| Initiation of Refunds | 20 July 2023 (Thursday) |
| Credit of Shares to Demat | 21 July 2023 (Friday) |
| Listing Date | 24 July 2023 (Monday) |
| Cut-off time for UPI mandate confirmation | 5 PM on Jul 14, 2023 |
Utkarsh Small Finance Bank Share Price List (IPO Lot Size)
The lot size for the Utkarsh Small Finance Bank IPO is 600 shares.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 600 | ₹15,000 |
| Retail (Max) | 13 | 7,800 | ₹195,000 |
| S-HNI (Min) | 14 | 8,400 | ₹210,000 |
| S-HNI (Max) | 66 | 39,600 | ₹990,000 |
| B-HNI (Min) | 67 | 40,200 | ₹1,005,000 |
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.
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 0.00 | 5,94,00,000 | 0 |
| NII | 0.67 | 2,97,00,000 | 1,99,12,800 |
| bNII (bids above ₹10L) | 1.07 | 99,00,000 | 1,06,30,800 |
| sNII (bids below ₹10L) | 0.47 | 1,98,00,000 | 92,82,000 |
| Retail | 2.47 | 1,98,00,000 | 4,89,20,400 |
| Employee | 0.28 | 20,00,000 | 5,56,200 |
| Total | 0.63 | 11,09,00,000 | 6,93,89,400 |
Utkarsh Small Finance Bank official website : https://www.utkarsh.bank
Read :
List of Small Finance Banks and Payments Banks in India