IPO Alert: Utkarsh Small Finance Bank Ltd.

Utkarsh SFB has recorded the 3rd fastest Gross Loan Portfolio growth between Fiscal 2019 and Fiscal 2023 among SFBs.  Their operations are spread across India and are present in 26 States and Union Territories with 830 Banking Outlets and 15,424 employees, as of March 31, 2023.

The below table has important dates with respect to the IPO allotment and listing.

Finalization of Basis of Allotment19-Jul-23
Initiation of Refunds20-Jul-23
Credit of Shares to Demat Acct21-Jul-23
IPO Shares Listing Date24-Jul-23
UPI mandate expiry date25-Jul-23

In case you have not been allotted for any partial allotment of IPO shares, the blocked amount, if any, will be unblocked/released on or before UPI mandate expiry date as mentioned in the above table. Please reach out to your bank in case funds are not unblocked/released post the mandate expiry date.

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