What is IPO Grey Market Premium (GMP)?

IPO Grey Market Premium (GMP) is an unofficial, over-the-counter premium over the issue price that dealers and investors pay prior to official listing on NSE/BSE.

How is estimated IPO listing price determined?

Estimated Listing Price = Cut-off / Issue Price + Current Grey Market Premium (GMP). For example, an issue price of ₹100 with ₹40 GMP yields an estimated listing price of ₹140 (+40%).

What is Kostak rate in an IPO?

Kostak rate is the fixed profit earned by selling an IPO application before allotment, irrespective of whether the application is allotted shares or not.

What is Subject to Sauda in IPO trading?

Subject to Sauda is an informal contract where payment is made only if the seller receives share allotment in the IPO.

Is IPO Grey Market Premium (GMP) regulated by SEBI?

No. Grey Market transactions are non-exchange over-the-counter commitments and are not officially regulated or endorsed by SEBI. Investors should treat GMP as an informal sentiment indicator.

What is the current subscription status of Utkarsh Small Finance Bank Limited IPO?

Utkarsh Small Finance Bank Limited IPO has received a total subscription of 110.77 times overall.

IPO GreyPremiumLIVE

Grey Market Intelligence

Utkarsh Small Finance Bank Limited

ListedMainboard

Financial Services · NSE / BSE

Incorporated in 2016, Utkarsh Small Finance Bank Limited is one of India’s Small Finance Banks and has been among the fastest-growing SFBs in terms of AUM in FY19 and FY22. The bank offers a wide range of financial products including accounts, deposits, cards, insurance, investments, and various loan products catering to individuals, small businesses, and self-employed customers. It provides benefits like easy documentation, top-up/balance transfer facilities, and loans up to ₹50 crores with tenure up to 30 years. The bank’s portfolio spans micro banking loans, retail loans (secured and unsecured), wholesale lending, affordable housing loans, gold loans, and vehicle/construction equipment loans.

Price Band

₹23 – ₹25

Issue Size

₹500 Cr

Lot Size

600 shares

GMP

₹17

+68.0%

Est. Listing

₹42

at current GMP

Subscribed

110.77x

overall

Open

12 Jul 2023

14 Jul 2023

Allotment

18 Jul 2023

Refund

19 Jul 2023

Demat Credit

20 Jul 2023

Listing

21 Jul 2023

Last updated 12 days ago

Overview Live GMP Subscription Status Allotment Status Filing Documents

Overall Subscription

110.77x

Total Demand

QIB Multiplier

135.71x

Institutions & Funds

NII / HNI

88.74x

High Net-Worth

Retail (RII)

78.37x

Individual Bidders

Category-Wise Subscription Breakup

Live bidding breakdown by institutional, non-institutional, and retail investors

Total 110.77x

Category	Shares Offered	Shares Applied / Bid	Times Subscribed
QIB	59,400,000	8,061,260,400	135.71x
NIB	29,699,999	2,635,617,600	88.74x
HNIs(10L +)	19,800,000	1,818,226,800	91.83x
HNIs (2-10L)	9,899,999	817,390,800	82.56x
RETAIL	19,800,000	1,551,700,200	78.37x
EMPLOYEES	2,000,000	36,044,400	18.02x
Total	140,599,998	14,920,240,200	110.77x

Application-Wise Breakup

Total unique applications received across retail and HNI tranches

Apps 78.74x

Category	Applications Reserved	Applications Received	Times Subscribed
Retail (RII)	116,667	9,143,193	78.37x
HNIs (10L +)	746	66,200	88.74x
HNIs (2-10L)	3,571	316,891	88.74x
Total Applications	120,984	9,526,284	78.74x

Day-Wise Subscription Progress

Track continuous institutional and retail bidding order books for all active issues on the ipo live subscription feed.

About Utkarsh Small Finance Bank Limited Public Issue & Market Profile

Utkarsh Small Finance Bank Limited is bringing an initial public offering (IPO) in the Financial Services sector with an aggregate issue size of ₹500 Crores. The shares are offered at a price band of ₹23 to ₹25 per equity share on NSE and BSE. Currently, market analysts recommend evaluating the company's financial valuation, price-to-earnings (P/E) multiple, and peer comparison prior to submitting bids.

Bidding & Quota Instructions:

The public offer consists of a fresh issue and offer-for-sale structured under SEBI regulations. Bidding is open to Qualified Institutional Buyers (QIB), Non-Institutional Bidders (NII/HNI), and Retail Individual Investors (RII). Applications can be submitted online using ASBA or UPI mandate through certified stock brokers and net banking portals.

Allotment Reconciliation Schedule:

Following the close of bidding on 2023-07-14, the basis of allotment is scheduled to be finalized on 2023-07-18. Investors can verify their application status online by submitting their PAN card number, Application Number, or DP Client ID on the registrar's official portal (Kfin Technologies Limited) or the BSE allotment checking window.

Frequently Asked Questions

What is Utkarsh Small Finance Bank Limited IPO GMP today?

The latest Grey Market Premium (GMP) for Utkarsh Small Finance Bank Limited IPO is ₹17 per equity share. Based on the upper price band of ₹23 to ₹25 per equity share, the estimated listing price is ₹42 (+68.0% expected listing gain).

What is the expected profit per lot for Utkarsh Small Finance Bank Limited IPO?

With a lot size of 600 shares and current GMP of ₹17, the expected profit per application lot is approx ₹10,200 (+68.0% gain). Minimum application cost is approx ₹15,000.

What is the issue size and price band for Utkarsh Small Finance Bank Limited IPO?

The Utkarsh Small Finance Bank Limited IPO aggregate issue size is ₹500 Crores with an equity price band set at ₹23 to ₹25 per equity share. The retail lot size is 600 shares requiring a minimum capital outlay of approx. ₹15,000.

How can I check Utkarsh Small Finance Bank Limited IPO live subscription demand?

Live subscription figures are compiled real-time from the NSE and BSE bidding engines. Currently, overall subscription is 110.77x (Retail: 78.37x, QIB: 135.71x, NII: 88.74x). You can track live multiples directly on our dedicated subscription page.

Where and when will Utkarsh Small Finance Bank Limited IPO allotment status be published?

The basis of allotment will be published on the official registrar portal (Kfin Technologies Limited) and the BSE status verification website on or around 2023-07-18. Investors can verify status using PAN card or application number.

When is the listing date for Utkarsh Small Finance Bank Limited IPO?

Utkarsh Small Finance Bank Limited shares are scheduled to list on NSE and BSE on 2023-07-21.