Utkarsh Small Finance Bank IPO
Small Finance Bank - Listed on 21 July 2023
Utkarsh Small Finance Bank IPO listing summary
Utkarsh Small Finance Bank (Small Finance Bank) closed its IPO window in 2023 and listed on NSE and BSE on 21 July 2023 at an upper band issue price of Rs 25, opening at Rs 40 for a listing gain of +60.0% and closing day one at Rs 48 (+92.0% on closing basis). The IPO was subscribed 101.91x overall - QIB 124.85x, HNI/NII 81.64x, Retail 72.10x. The total issue size was Rs 500 Cr (Fresh Issue Rs 500 Cr, OFS Rs 0 Cr). IPO GMP data, subscription trends across Day 1 - Day 3 and Nifty performance around the listing window are detailed below.
Listing day performance
Subscription breakdown
Final (Day 3) subscription
Number of times each investor category subscribed by close of Day 3.
Day-wise overall subscription
How overall subscription built up across the three-day issue window.
Utkarsh Small Finance Bank IPO GMP history
Grey market premium (GMP) tracked day-by-day across the IPO window. Absolute GMP is the premium in rupees over the upper issue price; GMP % is that premium as a percent of the issue price.
| Day | GMP (Rs) | GMP % |
|---|---|---|
| Day 1 | Rs 15 | +60.00% |
| Day 2 | Rs 13 | +52.00% |
| Day 3 | Rs 15 | +60.00% |
| Day 4 | Rs 15 | +60.00% |
| Day 5 | Rs 15 | +60.00% |
GMP Prediction vs IPOGyani AI Prediction
Comparison between market-based GMP prediction and IPOGyani's AI-powered listing gain prediction.
Issue & financials
Market context at listing
How the broader market moved around the Utkarsh Small Finance Bank IPO window. Helpful for isolating how much of the listing gain came from company fundamentals vs. market tailwind.
Utkarsh Small Finance Bank IPO - FAQs
What was the listing gain of Utkarsh Small Finance Bank IPO?
Utkarsh Small Finance Bank IPO listed at +60.0% versus the upper issue price of Rs 25 on 21 July 2023.
How many times was Utkarsh Small Finance Bank IPO subscribed?
Utkarsh Small Finance Bank IPO was subscribed 101.91x overall. QIB portion was subscribed 124.85x, HNI / NII 81.64x and Retail 72.10x.
What was the IPO GMP for Utkarsh Small Finance Bank?
IPO GMP started at Rs 15 on Day 1 and moved to Rs 15 by the close of the issue window. See the day-by-day GMP table above for the full trajectory.