In today’s fast-paced financial world, keeping track of the share prices of banks is essential for investors, traders, and even financial enthusiasts. One such bank that has been making waves in the finance industry is Utkarsh Small Finance Bank. With its innovative products and services, many are keen on monitoring its share price to make informed decisions. In this article, we will discuss how you can effectively track the Utkarsh Small Finance Bank share price.

Understanding Utkarsh Small Finance Bank

Before diving into tracking the share price of Utkarsh Small Finance Bank, it is vital to understand the bank’s background. Utkarsh Small Finance Bank is a scheduled commercial bank in India, specializing in providing financial services to small and micro enterprises. Established with the mission of financial inclusion, the bank has quickly gained prominence in the banking sector.

Why Track Utkarsh Small Finance Bank Share Price?

Monitoring the share price of Utkarsh Small Finance Bank can provide valuable insights into the bank’s performance, market trends, and overall economic health. Whether you are an investor looking to buy or sell shares, a trader seeking short-term gains, or simply curious about the bank’s financial standing, tracking share prices can help you make informed decisions.

Utkarsh Small Finance Bank IPO

The Rs 500.00 crore book-built issue of Utkarsh Small Finance Bank is being conducted. This is a brand-new, 20 crore share offering.

The public offering (IPO) bidding for Utkarsh Small Finance Bank took place from July 12, 2023, to July 14, 2023. On Wednesday, July 19, 2023, the allocation for the Utkarsh Small Finance Bank initial public offering was completed. On July 21, 2023, the shares were listed on the BSE and NSE.

The price range for the Utkarsh Small Finance Bank IPO is ₹23 to ₹25 per share. An application must have a minimum lot size of 600 shares. Retail investors are required to invest a minimum of ₹15,000. For both sNII and bNII, the minimum lot size investment is ₹210,000 for 14 lots (8,400 shares) and ₹1,005,000 for 67 lots (40,200 shares).

Utkarsh Small Finance Bank Q1 Results

In comparison to the Rs. 760.2561 crores reported for the period ended March 31, 2023, the company’s total income for the month of June 30, 2023, was Rs. 812.3944 crores.

For the month of June 30, 2023, the company reported net profit/(loss) of Rs. 107.4952 crores, compared to net profit/(loss) of Rs. 133.7979 crores for the month of March 31, 2023.

In contrast to Rs. 1.49 for the period ended March 31, 2023, the company reported EPS of Rs. 1.20 for the period ended June 30, 2023.

Ways to Track Utkarsh Small Finance Bank Share Price

  1. Stock Market Websites

One of the easiest ways to track Utkarsh Small Finance Bank share price is by visiting popular stock market websites such as MoneyControl, Bloomberg, or Yahoo Finance. These websites provide real-time updates on share prices, historical data, financial news, and analysis that can help you stay informed about the bank’s performance.

  1. Mobile Applications

With the advent of technology, tracking share prices has become more accessible through mobile applications. Several finance apps like Moneycontrol, ET Markets, and Investing.com offer customized alerts, portfolio tracking, and live market updates, allowing you to monitor Utkarsh Small Finance Bank share price on the go.

  1. Stock Exchanges

Utkarsh Small Finance Bank is listed on the stock exchanges, including the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE). By visiting the official websites of these exchanges or using their trading terminals, you can check the live share price, trading volume, price trends, and other relevant information related to the bank.

  1. Social Media Platforms

Social media platforms such as Twitter, LinkedIn, and StockTwits are also excellent sources for tracking Utkarsh Small Finance Bank share price. By following official bank accounts, financial experts, and industry influencers, you can stay updated on the latest market developments, analyst recommendations, and investor sentiments.

Conclusion

In conclusion, tracking Utkarsh Small Finance Bank share price is crucial for anyone interested in the bank’s financial performance and market dynamics. By utilizing the various resources mentioned above, you can effectively monitor share prices, analyze trends, and make well-informed decisions in the dynamic world of finance. So, whether you are a seasoned investor or a novice trader, start tracking Utkarsh Small Finance Bank share price today to stay ahead of the curve and maximize your financial gains.

Remember, knowledge is power when it comes to navigating the complex world of finance, and tracking share prices is a fundamental step towards achieving your financial goals. Happy investing!