How to check the status of Utkarsh Small Finance Bank IPO
How to check the status of Utkarsh Small Finance Bank IPO: The initial public offering (IPO) of Utkarsh Small Finance Bank saw a total subscription of 101.9 times the number of shares offered. On June 19, a decision will be made about the basis for share allocation under the IPO, which will include just brand-new share issuance.
Dates for the Utkarsh Small Finance Bank’s first public offering’s allocation and listing: A total of 101.9 times the number of shares offered were subscribed for in the Utkarsh SFB IPO. On Wednesday, June 19, the basis for share allocation under the IPO, which includes only new share issuance, will be decided.
On July 21, it is probable that shares will be credited to victorious bidders’ accounts, and on July 20, refunds will be issued to unsuccessful bidders. The initial public offering (IPO) of Utkarsh Small Finance Bank, which aimed to raise up to Rs 500 crore, was successfully concluded last week.
Date of the Utkarsh Small Finance Bank IPO
On June 24, Utkarsh SFB shares are most likely to be launched on the BSE and NSE stock markets.
How to look up the status of Utkarsh Small Finance Bank’s IPO allocations
Step 1: To check the status of the IPO application online, a bidder must go to the BSE’s official website. bseindia.com/investors/appli_check.aspx is the exact BSE link to log in.
Step 2: To access equity, select “Issue Type” first.
Step 3: “Choose “Issue Name” in step three. To continue, either type your application number into the box or input your PAN information.
Step 4: Select “I’m not a robot” and then click “Submit.”
The page will provide the status of your Utkarsh SFB IPO application. IPO allotment for Utkarsh Small Finance Bank via the registrar’s website.
The Utkarsh Bank IPO’s registrar is Kfin Technologies. To check the status of the IPO application online, a bidder must log in at the official KFintech website, kprism.kfintech.com/ipostatus, and then continue.
From July 12 to July 14, the subscription window was accessible for three trading days. The price range for the Utkarsh Small Finance Bank shares up for sale was between Rs 23 and Rs 25 in multiples of 600, or between Rs 13,800 and Rs 15,000 per lot.
Utilization of funds
The business plans to use the net proceeds from the offering to pay for issue-related expenses and increase its Tier 1 capital base, which will help it meet future capital requirements.
Right here, get the most recent stock market news. Visit Financevala.in for all other news including business, politics, technology, sports, and automobiles.