Strong debut of Utkarsh Small Finance Bank, shares listed with 60 percent premium
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The shares were listed at Rs 39.95 on the BSE, up 59.8 per cent. Later it increased by 91.76 percent to Rs.47.94. Shares of Utkarsh Small Finance Bank got listed at Rs 40 on the NSE at a 60 per cent premium to the issue price.
New Delhi: Utkarsh Small Finance Bank made a stellar debut on the bourses on Friday with its shares getting listed at a premium of 60 per cent from the issue price of Rs 25. The shares were listed at Rs 39.95 on the BSE, up 59.8 per cent. Later it increased by 91.76 percent to Rs.47.94.
Shares of Utkarsh Small Finance Bank got listed at Rs 40 on the NSE at a 60 per cent premium to the issue price. The market valuation of the company on BSE stood at Rs 5,185.82 crore. The IPO of Utkarsh Small Finance Bank was subscribed 101.91 times. The price range for the offer was Rs 23-25 per share.
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