Following a strong response to its public issue, Utkarsh Small Finance Bank plans to finalise the allotment of IPO shares by July 19.
Here’s a step-by-step guide on how to check your IPO allotment status online on the BSE website and the official registrar’s portal, KFin Technologies Ltd.
Checking IPO Allotment Status on BSE Website:
Step 1: Head to the BSE website.
Step 2: Choose ‘Equity' and the Issue Name ‘Utkarsh Small Finance Bank'.
Step 3: Input either your ‘Application Number' or ‘PAN'.
Step 4: Check the box that is labelled "I am not a robot" and click the ‘Search' button.
Checking IPO Allotment Status on KFin Technologies Website:
Get Ring The Bell, Benzinga India’s weekly briefing. Designed specifically for investors like you.
Step 1: Go over to the KFin Technologies portal.
Step 2: Select the Issue Name ‘Utkarsh Small Finance Bank – IPO'.
Step 3: Pick and enter either ‘PAN', ‘Application Number', or ‘DP Client ID'.
Step 4: Click the ‘Search' button.
Utkarsh Small Finance Bank will transfer equity shares to the demat accounts of successful investors by July 21 and the stock will be listed on both the BSE and NSE on July 24.
High demand: The Utkarsh Small Finance Bank IPO shares have seen strong interest, with the public issue being subscribed nearly 102 times. The IPO had a price band of ₹23-25 per share, and the bank had earlier said that it would use the net proceeds from the issue to augment its Tier 1 capital base to meet future capital requirements.
Before the IPO opened, Utkarsh Small Finance Bank had also allotted shares worth ₹222 crore to anchor investors at a price of ₹25 apiece. Goldman Sachs, ICICI Prudential Life, Kotak Mahindra, and Aditya Birla Sunlife are among the investors who received shares in the anchor category.
© 2023 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.