Utkarsh SFB IPO likely to announce allotment today; here’s how to check

19 Jul 2023 , 10:06 AM

The initial public offer of Utkarsh Small Finance Bank has been subscribed nearly 102 times was closed on July 14. The allotment of the shares of Utkarsh SFB is likely to announce today. To check the allotment status, you need to provide PAN details and application number on BSE website or on the website of IPO’s registrar, KFin Tech Limited.

The company’s Initial Public Offering (IPO) is valued at Rs 500 crore. The allotment for various investor categories is as follows: approximately 75% of the shares have been reserved for Qualified Institutional Buyers (QIBs), 15% for High Net Worth Individuals (HNIs), and the remaining 10% for retail investors.

Before the IPO’s official opening, the company has already allocated shares worth Rs 222 crore to anchor investors. The price per share for the anchor investors was set at Rs 25. Notable investors in the anchor category include Goldman Sachs, ICICI Prudential Life, Kotak Mahindra, and Aditya Birla Sunlife, among others.