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After an overwhelming response to the IPO, shares of Utkarsh Small Finance Bank listed at a robust premium of 60%

Utkarsh Small Finance Bank | This was the second stellar listing in current calendar year after Ideaforge Technology which had ended listing day with 92.8 percent gains on July 7.

Utkarsh Small Finance Bank shares traded with a massive 60 percent premium in the grey market, analysts said.

Varanasi-based Utkarsh Small Finance Bank will make its debut on the bourses on July 24. This would be the fifth small finance bank listing on the BSE and NSE, after AU Small Finance Bank, Suryoday Small Finance Bank, Ujjivan Small Finance Bank and Equitas Small Finance Bank.

It is pouring heavily not only in North India, but at Dalal Street too. However, the latter is seeing a flurry of initial public offers (IPOs). After a busy fortnight that ended on July 7 with seven IPOs - IdeaForge Technology, Cyient DLM, PKH Ventures, Pentagon Rubber, Global Pet Industries, Tridhya Tech, and Synoptics Technologies -- four more IPOs will hit the Street this week, including one mainboard IPO of Utkarsh Small Finance Bank. That apart, India's largest securities' depository National Securities Depository Limited (NSDL) has filed its draft red herring prospectus (DRHP) with the S...