11/07/2023 Financial & Legal Services
Utkarsh Small Finance Bank (USFB) is one of the leading small finance banks in India. The bank is scheduled to launch its IPO on July 11, 2023. The issue size of the IPO is Rs 500 crore.
The IPO comprises a fresh issue of shares worth Rs 300 crore and an offer for sale of shares worth Rs 200 crore by existing shareholders. The price band for the IPO is fixed at Rs 1,200-1,230 per share.
The Utkarsh Small Finance Bank IPO is a great opportunity to invest in India's growing financial sector
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