August 2023 \ Business & Investment \ Business and Governance
USF Bank shares close 92% over issue price

New Delhi: Varanasi-based Utkarsh Small Finance Bank Ltd, which recorded the second-fastest AUM growth between FY 2019 and FY 2022 among SFBs with AUM of more than Rs 5,000 crore, made a strong debut on the exchanges to close over 92 per cent premium.

The scrip listed at Rs 39.95 per share on BSE and at Rs 40 per share on NSE, at a premium of 59.80 percent and 60 per cent, respectively. The company’s share price closed at Rs 47.94 per share on the BSE, a 91.76 per cent premium, and at Rs 48 per share on the NSE, a 92 per cent premium.

As per the NSE, the total quantity traded stood at 2654.61 lakh shares, while on BSE the total quantity stood at 151.58 lakh shares. Total turnover (BSE+NSE) on Day 1 stood at Rs 1,213.36 crore. The market capitalization of the company at July 21 closing price stood at Rs 5,253.77 crore as per BSE, and Rs 5,260.34 crore as per NSE.