Skfinowings11 Jul, 2023Finance
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 proceeds from the IPO will be used by USFB to augment its capital base and for general corporate purposes
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