So far, the stock has hit a high of 46.69 and a low of 37.25. On the BSE, over 88.88 lakh shares of the company were traded in the counter so far.

The initial public offer (IPO) of Utkarsh Small Finance Bank was subscribed 101.91 times. The issue opened for bidding on 12 July 2023 and it closed on 14 July 2023. The price band of the IPO is fixed at Rs 23-25 per share.

The IPO comprised entirely of fresh issue of equity shares worth up to Rs 500 crore.

The bank proposes to utilize the net proceeds from the offer towards augmenting Bank's Tier I capital base to meet future capital requirements. The listing of the bank is also in line with terms of the RBI in-principle approval, RBI final approval and SFB licensing guidelines, requiring the bank to list its equity shares on the stock exchanges within three years from the date of commencement of business.

Utkarsh Small Finance Bank is a leading and third fastest growing Small Finance Bank (SFB) in India. The microfinance remains a focused business segment for the bank, while it has been diversifying its product portfolio to include non-micro banking loans reducing dependence on microfinance business and growing secured loan portfolio.

The bank's operations are spread across India and its present in 26 States and Union Territories with 830 banking outlets and 15,424 employees as on March 2023 while the customer base stood at 3.59 million (both deposit and credit).

The bank reported a net profit of Rs 404.50 crore and net total income of Rs 1,828.34 crore for the twelve months ended on 31 March 2023.