Utkarsh Small Finance Bank IPO:

Utkarsh Small Finance Bank IPO Listing: Shares of Utkarsh Small Finance Bank have had a great listing today. The stock is listed at Rs 40 on NSE while it is listed at Rs 39.95 on BSE. The issue price of this stock was 25 rupees. This stock has given investors a whopping 60 percent return since opening.

IPO The shares were fairly valued

According to stock market experts, Utkarsh Small Finance Bank’s IPO has received good response from investors and the market sentiment is also positive for it. The price band of the shares in the IPO was not very high and its fair valuation will favor this public offer and the investors have got a good profit.

Let us inform you that the listing date of Utkarsh Small Finance Bank IPO was fixed on July 21, 2023. These shares will be listed in B Group of BSE and NSE.

Utkarsh Small Finance Bank IPO What was the price band of

This time, investors have seen a tremendous reaction to the bank’s IPO. Investors have invested in the bank’s IPO. You will be surprised that it has been subscribed more than 110.77 times. Qualified Institutional Buyers (QIB) have shown maximum interest in this IPO. In addition, non-institutional investors and retail investors have also subscribed to the company’s IPO.

The bank’s IPO was open for subscription from July 12 to July 14. The bank had fixed the price band of the IPO at Rs 23-25 ​​per share. The objective of this IPO is to meet future capital requirements.

Utkarsh Small Finance Bank has a very good loan portfolio. Let us tell you that from FY19 to FY23, this bank ranks third in terms of growth among small finance banks. As on date, the bank’s loan portfolio stands at Rs. More than 6000 crores.

IPO What was the response to?

Utkarsh Small Finance Bank’s IPO received a strong response from investors and received over 102 times total subscription.