Utkarsh Small Finance Bank’s IPO received a large response from investors, with the issue being subscribed nearly 102 times at close. The stock was listed at Rs 40 on NSE and Rs 39.95 on BSE, 60% higher than its IPO price of Rs 25. The bank’s net NPAs stood at 1.33%, 2.31%, and 0.39% for FY21, FY22, and FY23, respectively. ICICI Securities and Kotak Mahindra Capital Company acted as the book-running lead managers to the issue.
Mutual fund NFOs: 3 new funds will open for subscription this week
Three mutual fund NFOs—two ETFs and one flexi cap—are opening this week. Investors should evaluate based on risk appetite, goals, and time horizon before subscribing