Utkarsh SFB IPO: Utkarsh Small Finance Bank is all set to launch its initial public offering (IPO) in the market on July 12, 2023. The price band is expected to be 23 INR to 25 INR per share. The bank has a target to collect a total issue size of 500 crore INR from 2 crore+ equity shares. The face value will be Rs.10 for each share. The Grey market price for the IPO of Utkarsh Small Finance Bank will be updated once it starts.
If you are interested in buying Utkarsh Small Finance Bank (SFB) initial public offering (IPO) you must go through this article. We have discussed here about Utkarsh Small Finance Bank IPO GPM Today, Lot(s) size, the Utkarsh bank, important dates, How to open an account, Allotment status, Allotment dates, and other significant details related to Utkarsh SFB IPO.
WHAT IS UTKARSH SMALL FINANCE BANK IPO?
Utkarsh Small Finance Bank is a financial bank that started in Varanasi, Uttar Pradesh in April 2016. But its operations started in January 2017. Within just the past few years it has become one of the fastest-growing Small Finance Banks in India.
Now Utkarsh Small Finance Bank has 838 branches in 26 states. The bank was established with the aim of providing financial services including loans to the markets which are under-served in India.
In the financial year 2018- 19 and 2021-22, The Utkarsh Small Finance Bank was recorded to have the second-fastest AUM growth. The bank is expected to have an AUM of 6000 crore. Now it’s about to launch its IPO with the aim of collecting a 500 crore issue.
UTKARSH SMALL FINANCE BANK IPO GPM TODAY
Utkarsh Small Finance Bank IPO is a great investment opportunity for investors who want to invest for the long term. This growing financial institution is quite trustworthy as it has been recognized by RBI as a scheduled bank. The bank offers a wide range of Financial Services and Loan products. Its target is to serve the population of India who are under-served and don’t get to have bank facilities.
Know about Utkarsh Small Finance Bank IPO GPM today and you can also invest in the growth of this new financial institution. The bank has a goal of collecting 500 crore INR to expand its business further. The IPO will be launched on July 12 and is expected to last until July 14, 2023.
PRICE BAND OF UTKARSH SFB IPO
The goal of the Utkarsh Small Finance Bank IPO is to increase its tier-I capital base and fulfill its upcoming capital requirements.
The price band of Utkarsh SFB IPO will be Rs 23 to Rs.25 for each share. The face value of a single share will be Rs.10.
The Investors have to bid for a minimum of 600 equity shares or in their multiple thereon.
HOW TO OPEN AN ACCOUNT
If you want to invest in the Utkarsh Small Finance Bank IPO today, you need to have a Demat account and a valid PAN Card ID. Investors can reach out to brokers to apply for an IPO.
They can also go to the official portal of the National Stock Exchange to apply for the Initial public offering (IPO). The allotment status is expected to be available on July 19, 2023, and the listing of shares will be available on July 25, 2023.
LOT (S) SIZE
The lot size is the minimum number of shares an investor needs to bid to apply for an IPO. The IPO application quantity is supposed to be in multiple Lot (s) sizes. The Lot size of Utkarsh Small Finance Bank is based on the share price of the IPO. The minimum number of IPO for Utkarsh Small Finance Bank is 600 shares. So for a single Lot, the Retail (minimum) will cost 15,000 Rs.
|Application||Share numbers||Lot (s)||Cost of IPO.|
|Retail ( Min)||600||1||15,000|
|B- HNI ( Min)||40,200||67||1,005,000|
|S- HNI ( Min)||8400||14||210,000|
|S- HNI ( Max)||39,600||66||990,000|
Same as the price of Retail (min) the cost of Retail (max), B- HNI (min), S-HNI( min), S-HNI( max) will be calculated. So the investors can apply for any Lot range according to their choice and requirements.
OVERVIEW OF UTKARSH SFB IPO
|Name of the Bank||Utkarsh Small Finance Bank IPO|
|IPO starting date||12th July 2023|
|Last date||14th July 2023|
|Face value||Rs.10 per share|
|Issue size in total||500 crore INR. (2 crore shares)|
|Register||KFin Technologies Limited|
|Promoter||Utkarsh CoreInvest Limited|
|Listing at||BSE, NSE|
|Listing date||24th July 2023|
|Utkarsh SFB IPO starts on||July 12, 2023|
|Last date||July 14, 2023|
|Allotment on||July 19, 2023|
|Allotment status||July 21, 2023|
|Allotment announce date||July 21, 2023|
|Share credit||July 21, 2023|
|IPO refund starts on||July 22, 2023|
|Listing of shares on BSE and NSE||July 25, 2023|
Utkarsh SFB IPO ALLOTMENT STATUS
The Allotment of Utkarsh Small Finance Bank IPO will be based on a proportion basis. If the application of the investor gets rejected, the amount will be refunded. The allotment status is expected to be available on 21 July 2023.
Once Utkarsh Small Finance Bank IPOs get closed, the allotment process will start very soon. The investors who will apply for the IPO can expect an announcement of allotment on 21 st of July. The refund process is supposed to be started on the same day as the allotment date.
Utkarsh SFB IPO ALLOTMENT DATE
Utkarsh Small Finance Bank will announce the allotment date of the IPO on July 21, 2023. The share distribution will be proportionate between the eligible investors. If the application is rejected by the register for any reason, the money will be refunded. It will start on July 22, 2023.
According to the news source, the shared credit will also be given to the Demat account of investors on July 21. The whole process of Utkarsh Small Finance Bank IPO will be done by July 25.
Investing in any IPO always comes with some risk factors. Investors are advised to analyze the IPO prospectus very carefully. They can also consult with a registered financial advisor before investing.
Get all the latest notifications about Utkarsh SFB IPO here:
Has the Utkarsh Small Finance Bank IPO started?
Utkarsh Small Finance Bank IPO GPM has not started yet. It will start on July 12, 2023, and will last till July 14, 2023.
How can I open an account for Utkarsh Small Finance Bank IPO?
You need to have a Demat account and a valid PAN Card. Contact a broker or go to the official website of the National Stock Exchange to open an account. The details have been described in the article.
What is the Lot(s) size of Utkarsh SFB IPO?
The Lot (s) size is 600 for Utkarsh SFB IPO.
What is the face value of Utkarsh SFB IPO?
The face value of Utkarsh Small Finance Bank IPO is 10 Rs. Per Share.
Is Utkarsh Small Finance Bank IPO GPM trustworthy?
Utkarsh Small Finance Bank IPO is one of the fastest-growing Small Finance Banks in India. It is also registered under RBI. So it’s trustworthy. But all IPOs come with their risk factors. Investors should consult a financial advisor or analyze the IPO prospectus very carefully.