Utkarsh Small Finance Bank IPO – How to check allotment, listing date, GMP and more

• Utkarsh Small Finance Bank is expected to announce its share allotment status on July 19.
• The shares of Utkarsh Small Finance Bank were subscribed by 110.77 times overall.
• The shares are expected to be listed on the stock exchanges on July 24.

Varanasi-based Utkarsh Small Finance Bank, a small finance bank, is expected to announce the allotment status of its initial public offering (IPO) today, that is July 19.

The Utkarsh Small Finance Bank IPO opened on July 12 and closed on July 14. The price band for the IPO was ₹23 to ₹25 per share.

Robust subscription

On its last day, the Utkarsh Small Finance Bank IPO was subscribed 110.77 times, receiving bids for 1228.46 crore equity shares against 12.05 crore shares on offer.

While the qualified institutional buyer (QIB) portion was subscribed 135.71 times, the non-institutional investors portion was subscribed 88.74 times. The retail portion also witnessed good participation and was subscribed 78.38 times.

Grey market premium

The shares of Utkarsh Small Finance Bank are currently commanding a grey market premium (GMP) of ₹15 per share. GMP is the premium at which IPO shares are traded in an unofficial market before they are listed on the stock exchanges.

Here’s how to check the IPO’s allotment status?

You can check the allotment status on the registrar’s website.

• To check the Utkarsh Small Finance Bank IPO allotment status, visit the registrar’s website here.
• Click on ‘Company Selection’ and then select ‘Utkarsh Small Finance Bank’.
• Now, enter your PAN, application number, DP / Client ID or Account number / IFSC.
• Click on ‘Search’.

You will be able to see your application status. It will display the number of shares that you have applied for and the number of shares that have been allotted to you.

You can also check the Utkarsh Small Finance Bank IPO allotment status on the BSE and NSE websites.

To check the allotment status on BSE or NSE website:

• Go to the BSE website.
• On the website, click on 'Equity' and then select ‘Utkarsh Small Finance Bank’ from the dropdown menu.
• Now, enter your application number and PAN.
• Click on 'Search'.

You will be able to see the number of shares allotted to you.

You can click here and log in to check your allotment status on NSE.

Utkarsh Small Finance Bank listing date

The shares of Utkarsh Small Finance Bank will be listed on the stock exchanges on July 24.

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