Utkarsh small finance bank ipo will open on july 12

[{"selector":"#anim-605538ec-4410-408b-8e3d-f37823a8711b [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(-1.0302869668521453e-13%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] The initial public offering (IPO) of Utkarsh Small Finance Bank (SFB) will kick off for subscription on Wednesday, July 12. Arrow

The private lender will sell its shares in the range of Rs 23-25 apiece during the three-day bidding process, which concludes on Friday, July 14.

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The issue is entirely a fresh sale of 20 crore equity shares amounting to Rs 500 crore.

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Investors can make a bid of a minimum of 600 equity shares and its multiples thereafter.

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[{"selector":"#anim-0add7b1c-cd24-4125-a9ec-194ac1c945c5 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(0.7812497013425383%, 0, 0) translate(25%, 0%) scale(1.5)","translate3d(0%, 0, 0) translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.14,.34,.47,.9)","fill":"forwards"}] Incorporated in 2016, Utkarsh Small Finance Bank is a small finance bank in India, which recorded the second fastest AUM growth in the years financial year 2018-19 and financial year 2021-2022. Arrow

The private lender has an asset under management (AUM) of more than 6,000 crore.

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It had a 3.59 million customer base majorly located in rural and semi-urban areas primarily in Bihar and Uttar Pradesh.

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The lender has reserved 20 lakh shares worth Rs 5 crore for the eligible employees.

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Shares of the lender will be listed on both BSE and NSE with July 24 (Monday) as the tentative date of listing.

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