ET Intelligence Group:Issue dates: July 12-14, 2023Issue price: Rs 23-25Issue size: Upto Rs 500 crore (fresh issue)Implied market cap: Upto Rs 2,740 croreFace value: Rs 10Lot size: 600 sharesRetail portion: 10%Utkarsh Small Finance Bank (SFB) plans to raise Rs 500 crore through an issue of fresh equity to augment the capital base. The promoter Utkarsh CoreInvest’s stake will fall to 69.3% after the IPO from 84.8%.
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