Utkarsh Small Finance Bank Ltd IPO Details

by Libord Group One-stop Financial Services

Utkarsh Small Finance Bank Ltd IPO Details:

Utkarsh Small Finance Bank Ltd. has announced public offering of 200000000 shares at a price of Rs 10.00 each for Cash at a Premium of Rs 15.00 per share. The gross proceeds of the issue are expected to be Rs 50,000.00 lakhs.

The company's initial public offer (IPO) will open on 12 July 2023 and is expected to close on 14 July 2023, subject to customary closing conditions. The price band of the issue has been fixed at Rs 23.00-25.00 per share.

The IPO includes a fresh Issue of 200000000 Equity Shares of the Company at an price of Rs 25.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 600 shares with bids in multiples of 600.

Utkarsh Small Finance Bank Ltd. anticipates using the proceeds of the issue for .

KOTAK MAHINDRA CAPITAL COMPANY LTD,ICICI Securities Ltd as lead manager(s) & KFIN Technologies Pvt. Ltd. is the registrar, to the issue.

If the Utkarsh Small Finance Bank Ltd is something that you’re looking to invest in come 12 July 2023, it would be a good idea to start the demat account opening process right away.

Apply online IPO or Contact Libord Broking now to open demat account online within minutes, and install the LibordEasy app from google play store.