Utkarsh Small Finance Bank IPO a Mega Hit, Subscribed 101.91 Times

Utkarsh Small Finance Bank's IPO has been a mega hit

The issue was subscribed 101.91 times

The IPO received bids for 2,053.5 crore shares

The issue size was 2.01 crore shares

The IPO was open for subscription from 28th September to 4th October

The price band for the IPO was set at Rs. 36-37 per share

The IPO was managed by ICICI Securities, IIFL Securities, and SBI Capital Markets

Utkarsh Small Finance Bank is a microfinance institution that was granted a banking license in 2015

The bank has a network of 528 branches and 1,200 banking correspondents

The funds raised from the IPO will be used for the bank's growth and expansion plans

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