The part reserved for qualified institutional buyers (QIBs) was subscribed 124.8 times, while that for non-institutional investors (NIIs) was subscribed 81.6 times. Meanwhile, the retail quota was subscribed 72.1 times.
Utkarsh allotment status: Utkarsh Small Finance Bank (SFB), whose Rs 500-crore IPO received a robust response from the investors during the 3-day bidding process, is likely to finalise the basis of allotment of shares on Wednesday, July 19, 2023. Watch this Visual Story to see how to check share allotment status online, latest grey market premium (GMP).
Utkarsh Small Finance Bank s Rs 500 crore IPO received a strong response on the first day of bidding, with the retail investors quota fully subscribed within hours. The IPO was oversubscribed by 4.73 times, while the retail and non-institutional investor categories saw high subscription rates of 13.75 times and 8.25 times, respectively., Markets News, Times Now