Utkarsh Small Finance Bank Ltd

Author : Sachin Gupta

21 July 2023

What is GMP?

IPO GMP shows us the premium that someone is willing to pay for the corresponding IPO in the grey market; It is used frequently to forecast the listing price of upcoming IPOs.

About Utkarsh Small Business IPO GMP

Incorporated in 2016, Utkarsh Small Finance Bank Limited is an SFB (Small Finance Bank) in India and recorded the second fastest AUM growth in the years Fiscal 2019 and Fiscal 2022 among SFBs with AUM of more than Rs. 50 billion.

Utkarsh Small Finance Bank IPO Details

IPO Date

  IPO Close

Face Value

IPO Price

IPO Size

Lot Size

Listing At

Allotment Date

Listing Date

12-July-23

₹10 per share

₹23 to ₹25 

14-July-23

₹500.00 Cr

600 shares

NSE BSE

19-July-23

24-July-23

Date

GMP

Utkarsh Small Finance Bank IPO GMP data 

17-July-23

Rs. 15

18-July-23

Rs. 16

19-July-23

Rs. 15

20-July-23

Rs. 16.1

21-July-23

Rs. 16.1