Utkarsh Small Finance Bank IPO opens tomorrow: 10 key things to know

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₹1,350 crore, which would have come from a new issue for ₹750 crore and an offer for sale (OFS) by its the owner Utkarsh Coreinvest for ₹600 crore. However, it submitted amended draft papers for the IPO with SEBI in August 2022 and reduced the issue size by 63 percent to collect ₹500 crore through the IPO. Initially, the lender intended to raise ₹1,350 crore through the IPO.

Here are the 10 key things to know about Utkarsh Small Finance Bank IPO. Utkarsh Small Finance Bank IPO Dates: The IPO opens on Wednesday, July 12, and closes on Friday, July 14. Anchor Investors: The anchor investors' auction will begin on Tuesday, July 11.

Price Band: The price range for the proposed initial public offering has been set by the company at ₹23 to ₹25 per equity share. Issue Details and Size: Utkarsh Small Finance Bank IPO is entirely a fresh issue of equity shares aggregating up to ₹500 crore with no offer for sale (OFS) component, according to the red herring prospectus (RHP). The face value of each equity share is ₹10.

Lot Size: The minimum bid lot is 600 equity shares and in multiples of 600 equity shares. Allotment and Listing: The basis of allotment of shares will be finalised on Wednesday, July 19 and the company will initiate refunds on Thursday, July 20, while the shares will be credited to the demat account of allottees on Friday, July 21. Utkarsh Small Finance Bank shares are likely to be listed on BSE and NSE on Monday, July 24.