Shares of Utkarsh Small Finance Bank are going to enter the exchange on Friday, 21 July. The listing of the shares of Small Finance Bank is taking place two days ahead of schedule. According to market participants, shares of Utkarsh Small Finance Bank are trading at a premium of Rs 15 in the unlisted market. This indicates that investors can make listing gains of around 60%.

Shares can be listed in the range of Rs 40
The shares of Utkarsh Small Finance Bank have been allotted at a price band of Rs 25. The gray market premium for the Small Finance Bank shares is currently Rs 15. In such a situation, the shares of Utkarsh Small Finance Bank can be listed in the range of Rs.40. The price band of the shares in the bank’s IPO was Rs 23-25. Retail investors can place bets for a minimum of 1 lot and a maximum of 13 lots. There are 600 shares in one lot of IPO.

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IPO was subscribed more than 110 times
The IPO of Utkarsh Small Finance Bank has been subscribed 110.77 times in total. The retail quota of the bank’s IPO was subscribed 78.38 times. Whereas, the quota for non-institutional investors was subscribed 88.74 times. The Qualified Institutional Buyers (QIB) quota of Small Finance Bank IPO has been subscribed 135.71 times. Whereas, the quota for employees has been subscribed 18.02 times.

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Disclaimer: Information provided here is only about stock performance and does not constitute investment advice. Investment in share market is subject to risk and you should consult your advisor before investing.