Utkarsh IPO Allotment: Check Your Application Status & Latest GMP

Exciting news for investors as Utkarsh SFB's IPO allotment is out! The Rs 500-crore IPO received a robust response, with a whopping 110.77 times subscription. Qualified institutional bidders showed immense interest, booking it 135.71 times, while non-institutional investors' category got subscribed 88.74%. Retail investors and employees didn't hold back either, subscribing 78.38 and 18.02 times, respectively.

The grey market premium (GMP) for Utkarsh Small Finance Bank has remained stable, signaling a 60% listing for investors receiving the allotment. The bank, founded in 2016, has shown impressive AUM growth, making it an attractive investment opportunity.

Brokers are largely positive about the IPO, citing attractive pricing, a strong balance sheet, and sound business fundamentals. However, some analysts raised concerns about geographical concentration posing a potential threat.

For those who bid for the IPO, checking the allotment status is easy. Visit the Bombay Stock Exchange (BSE) website or the registrar's portal, KFin Technologies Limited, for Cyient DLM. Enter your application number and PAN card ID to see if you've received the shares.

Refunds for unsuccessful bidders are expected to initiate on Thursday, July 20, while those allotted shares can expect them to be credited to their Demat accounts by Friday, July 21. The IPO will possibly get listed on July 24. Stay tuned for more updates!