Utkarsh Bank IPO GMP – Check Latest IPO Grey Market Premium
Last Updated Date: Jul 10, 2023Utkarsh Small Finance Bank is about to release its IPO on 12 July 2023. The issue is closing on 14 July 2023 and is currently having an active grey market. The Utkarsh Bank IPO GMP is running at a stable rate as per the current situation. Check Utkarsh Bank IPO Kostak and Subject to Sauda.
In IPO, the GMP or the Grey Market Premium is the premium amount at which you can trade the equity shares before getting listed in the stock market.
However, the QIB and the HNI numbers are the key indicators of GMP in the case of Utkarsh Bank IPO. The company is intended to raise Rs 500 crore by the released issue.
Utkarsh Bank IPO GMP Rates, Kotak rates & SS
This particular table represents everything related to the IPO event from its opening and closing date along with the face value of the issue. You can check this table related to know the IPO size, price band listing details, and more.
| Date | GMP (in INR) | Kostak (in INR) | Subject to Sauda (in INR) |
| 10 Jul 2023 | Rs 12 | NA | NA |
| 09 Jul 2023 | Rs 12 | NA | NA |
| 07 Jul 2023 | NA | NA | NA |
| Jul 2023 | |||
| Jul 2023 |
Check out Related IPO Links:
| Review Utkarsh Bank IPO |
| Utkarsh Bank IPO Allotment |
| LIVE Subscription – Utkarsh Bank IPO |
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Utkarsh Bank IPO Date / Timetable
Here, you will find the important dates and events of this IPO. Check the allotment status, and visit us again once the subscription date is over.
| IPO Open Date | 12 July 2023 |
| IPO Close Date | 14 July 2023 |
| Basis of Allotment Date | 19 July 2023 |
| Initiation of Refunds | 20 July 2023 |
| Credit of Shares to Demat Account | 21 July 2023 |
| IPO Listing Date | 24 July 2023 |
Utkarsh Bank IPO – Financial Performance
The below-given table will give you the overall idea of the company’s financial performance. Check their net profit and loss statement about Utkarsh Bank IPO.
| Amount (in INR & Million) | |||
| 31-Mar-22 | 31-Mar-21 | Mar-20 | |
| Assets | 1,50,637.70 | 1,21,379.12 | 94,043.16 |
| Revenue | 20,336.46 | 17,058.36 | 14,061.80 |
| Expense | 19,721.84 | 15,940.21 | 12,194.37 |
| Profit After Tax | 2,687.10 | 2,572.98 | 1,964.53 |
Earnings per Equity Share (in Million)
| Earnings per Equity Share (in Million) | |||
| 31-Mar-22 | 31-Mar-21 | Mar-20 | |
| Basic & Diluted | 0.70 | 1.46 | 2.49 |
FAQs Related to Utkarsh Bank IPO GMP
Check out the FAQs on Utkarsh Small Finance Bank IPO –
What is the current Utkarsh Bank IPO GMP Price?
As of today, the Utkarsh Bank IPO GMP is Rs.12.
What is the current Utkarsh Bank IPO Kostak Rate?
The Kostak rate is Rs NA for Utkarsh Bank IPO.
What is today’s Utkarsh Bank IPO Subject to Sauda Rate?
As of today, the Utkarsh Bank IPO Subject to Sauda is Rs NA.
Where to Check Utkarsh Bank IPO Allotment & Listing?
However, if you don’t want to miss out on the issue’s allotment status and the listing, you can refer to this LINK given here: IPO Allotment Status
What is Kostak’s Price?
To apply for an IPO, there is an application price or application charges that come along and is known as the Kostak price. It is actually the premium amount at which IPO applications we can trade in the grey market.
Is GREY market buying or selling shares illegal?
Grey Market is basically trading that takes place before the stock of a company is enlisted on the stock exchange. It takes place before the IPO release and the prices may change at any time. Hence, it is unofficial trading and hence, not “illegal”.
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Disclaimer:
The Utkarsh Bank IPO GMP which is mentioned in the table here is only valid for a specific date as mentioned in the header section. The Kostak is the premium that one gets by selling her/his IPO application to someone else before listing the issue. They can sell it in an off-market transaction. However, we aren’t buying/selling IPO forms on the IPO Grey market.
Please do not subscribe to any IPO by just seeing the premium price. The reason is, the premium price varies and can change anytime before listing. Please subscribe only after considering the fundamentals of the companies.