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Utkarsh allotment status: Utkarsh Small Finance Bank (SFB), whose Rs 500-crore IPO received a robust response from the investors during the 3-day bidding process, is likely to finalise the basis of allotment of shares on Wednesday, July 19, 2023. Watch this Visual Story to see how to check share allotment status online, latest grey market premium (GMP). ....
According to market sources, the grey market premium (GMP) of Utkarsh SFB rose marginally from the previous day to Rs 17. Analysts advised investors to subscribe to the issue for the long-term strong loan portfolio and lowest cost-to-income ratio. ....
The issue of Utkarsh Small Finance Bank is entirely a fresh sale of 20 crore equity shares amounting to Rs 500 crore with a bid of a minimum of 600 equity shares and its multiples thereafter. ....
The retail portion of the IPO was subscribed 26.6 times, while that of NIIs was subscribed 16.58 times. The subscription for the QIB category, which was muted on Day 1, stood at 1.45 times on Day 2. ....