The Rs 500 crore initial public offering (IPO) of Utkarsh Small Finance Bank was fully subscribed within two hours of opening on Wednesday on strong demand from retail and NII investors.
According to the data from BSE, the investors made bids for 12,27,66,000 equity shares or 1.02 times compared to 12,05,43,477 equity shares on offer for subscription by 12.06 pm.
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