Utkarsh Small Finance Bank IPO to open on Wednesday. What GMP signals ahead of subscription?

The company has fixed a price band of Rs 23-25 per share for the IPO, which is entirely a fresh issue of shares of Rs 500 crore. About 75% of the offer is reserved for qualified institutional buyers (QIBs), 15% for non-institutional investors (NIIs) and the rest 10% for retail investors, who can bid for a minimum of 600 shares in one lot and in multiples thereafter

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