Today is a very important day for investors investing in the stock market. Today Utkarsh Small Finance Bank is going to trade in the stock market. According to the information given by the Bombay Stock Exchange, the IPO shares of Utkarsh Small Finance Bank will be listed today.
Let us tell you that the date for listing the IPO of Utkarsh Small Finance Bank was fixed on July 21, 2023. These shares will be placed in the B group of BSE and NSE. The listing of the shares of this company will take place today at 10 am in a special pre-open session. All this information is available on the BSE website. It is believed that the company's shares can make a big start in the stock market.
According to stock market experts, the IPO of the bank has received an overwhelming response from investors. In such a situation, its shares can grow rapidly in the market. It is believed that many investors will also get a huge premium from the shares of this company. The share price of Utkarsh Small Finance Bank is believed to open at a premium of 50 percent to 60 percent against the price band of Rs 23 to Rs 25.
This time there has been tremendous performance by the investors regarding the IPO of the bank. Investors have invested in the IPO of the bank. You will be surprised that it has been subscribed more than 110.77 times. Qualified Institutional Buyers (QIB) have shown maximum interest in this IPO. Apart from these, non-institutional investors and retail investors have also subscribed to the IPO of the company.
The bank's IPO was open for subscription from July 12 to July 14. The bank had fixed the price band of the IPO at Rs 23-25 per share. The objective of this IPO is to meet future capital requirements.
Utkarsh Small Finance Bank has a very good loan portfolio. Let us tell you that from FY 19 to FY 23, this bank comes at number three in terms of the growth of small finance banks. As of today, the loan portfolio of the bank is more than Rs.6000 crore.