Utkarsh SFB IPO witnessing strong demand; Track live subscription status on day 2

13 Jul 2023 , 11:51 AM

The initial public offer (IPO) of Utkarsh Small Finance Bank was subscribed 4.73 times by the end of day 1. The IPO is available for subscription till July 14. Click here to subscribe the IPO.

On day 2, the issue has received bids for 1,07,13,04,200 equity shares against 12,05,43,477 equity shares available for subscription. Check the subscription details on July 13, 11.45 AM in the table below:

Category	No. of shares offered / reserved	No. of shares offered / reserved	No. of times of total meant for the category
Qualified Institutional Buyers (QIBs)	6,45,65,217	9,26,89,200	1.44
Non Institutional Investors(NIIS)	3,22,82,608	44,86,51,200	13.90
Retail Individual Investors (RIIs)	2,15,21,739	51,69,57,000	24.02
Employee Reserved	21,73,913	1,30,06,800	5.98
Total	12,05,43,477	1,07,13,04,200	8.89

(Source: BSE)

The IPO allocation includes 75% for qualified institutional buyers (QIBs), 15% for non-institutional investors (NII), and 10% for retail investors. Retail investors can bid for a minimum of 600 shares in one lot and in multiples thereafter.

Established in 2016 and commencing operations in 2017, Utkarsh offers a comprehensive range of deposit products, including savings accounts, salary accounts, current accounts, recurring and fixed deposits, and locker facilities.

With a gross loan portfolio exceeding Rs 6,000 crore, Utkarsh has achieved the third-fastest growth in gross loans among its peers between fiscal 2019 and fiscal 2023.

Open date	12 July 2023
Close date	14 July 2023
Lot size	600 shares
IPO size (Rs crore)	Rs 500 crore
IPO price range (Rs)	Rs 23 to 25 shares
Minimum investment	Rs 15,000
Basis of allotment date	19 July 2023
Refunds date	20 July 2023
Credit to demat account date	21 July 2023
Listing date	24 July 2023