Utkarsh Small Finance Bank Limited IPO
Utkarsh Small Finance Bank Limited was a mainboard IPO in the Other Bank sector, offered at ₹23–₹25 per share to raise ₹500 crore. The issue was subscribed 101.91× overall (QIBs 124.85×, NIIs 81.64×, retail 72.11×). It listed on 21 Jul 2023 at ₹40 and closed its first day at ₹48, a listing gain of +92.0% versus the ₹25 issue price. It now trades around ₹11 (-54.2% versus the issue price).
Frequently asked questions
- How many times was the Utkarsh Small Finance Bank Limited IPO subscribed?
- The Utkarsh Small Finance Bank Limited IPO was subscribed 101.91× overall — 124.85× in the QIB category, 81.64× among non-institutional investors, 72.11× in retail.
- What were the Utkarsh Small Finance Bank Limited IPO listing gains?
- Utkarsh Small Finance Bank Limited listed on 21 Jul 2023 at ₹40, closing its first day at ₹48 — a listing gain of +92.0% versus the ₹25 issue price.
- What were the retail allotment odds for the Utkarsh Small Finance Bank Limited IPO?
- Retail was subscribed 72.11×, so a single-lot application had roughly a 1.4% chance of allotment (about 1 in 72), and allotment was finalised on 17 Jul 2023.
- What was the price band and lot size of the Utkarsh Small Finance Bank Limited IPO?
- The price band was ₹23–₹25 per share, with a minimum lot of 600 shares (₹15,000 at the upper band).
- Who were the registrar and lead manager for the Utkarsh Small Finance Bank Limited IPO?
- Kfin Technologies Limited was the registrar, and ICICI Securities was the book-running lead manager.