 "Utkarsh Small Finance Bank's IPO subscribed 4.2x on day 1 of issue")
The price band for the issue is Rs 23-25 per share. At the top-end, Utkarsh SFB will have a market-cap of Rs 2,740 crore on a post-dilution basis. The firm is issuing fresh shares worth Rs 500 crore in the IPO, which will be used for augmenting the bank’s tier-1 capital base.
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