New Delhi, July 19, 2023 – Investors eagerly await the allotment of shares for the Utkarsh Small Finance Bank IPO, which received an overwhelming response during its subscription period from July 12 to July 14. With the IPO being subscribed 101.91 times overall and 72.11 times for the retail investor portion, all eyes are now on the allotment status, which is expected to be completed today. The grey market continues to show stability, with the Grey Market Premium (GMP) for Utkarsh Small Finance Bank’s shares remaining constant at Rs 16 for the past three day
Utkarsh Small Finance Bank IPO Receives Tremendous Response
- Utkarsh Small Finance Bank’s initial public offering garnered a massive investor interest during its subscription period. The IPO, which aimed to raise capital for expansion and growth initiatives, witnessed a subscription of 101.91 times, indicating strong demand from investors.
Grey Market Premium Remains Unchanged
- The grey market, an unofficial secondary market for IPO shares, has been steady for the Utkarsh Small Finance Bank IPO. Market observers report that the GMP has maintained its position at Rs 16 for the last three days, reflecting positive sentiment in the domestic stock markets.
Allotment and Listing Expectations
- Investors can check their share allotment status on the BSE website or the website of the IPO’s registrar. Additionally, email notifications will be sent to inform applicants about the allotment status. The allotment process is expected to be completed today, July 19, 2023. With the GMP stable at Rs 16, market speculators anticipate a potential listing price of around Rs 41 per share, indicating a premium of 64% over the upper price band of the IPO.
Below is a table showing the key details of the Utkarsh Small Finance Bank IPO:
| IPO Details | |
|---|---|
| IPO Subscription Period | July 12 – July 14, 2023 |
| ——————————– | ———————— |
| Total Subscription (Overall) | 101.91 times |
| ——————————– | ———————— |
| Retail Investor Subscription | 72.11 times |
| ——————————– | ———————— |
| Grey Market Premium (GMP) | Rs 16 |
| ——————————– | ———————— |
| Expected Listing Price | Around Rs 41 |
| ——————————–+———————— |
Utkarsh Small Finance Bank IPO, including subscription period, total subscription, retail investor subscription, grey market premium (GMP), and expected listing price. IPO subscription period was from July 12 to July 14, 2023. Total subscription was 101.91 times, with the retail investor portion being subscribed 72.11 times. Grey market premium (GMP) remained at Rs 16, while the expected listing price is around Rs 41, representing a 64% premium over the upper price band
Disclaimer: Grey market prices are not official and may fluctuate. Investors are advised to conduct thorough research and exercise caution while making investment decisions.
Investors and market participants remain enthusiastic about the listing of Utkarsh Small Finance Bank shares, given the impressive response to its IPO. The allotment and listing are expected to mark the beginning of the company’s journey as a publicly-traded entity, bringing in new opportunities for growth and expansion. As the market eagerly awaits the allotment results, all eyes will be on the stock’s performance in the days to come.
