Utkarsh Small Finance Bank IPO opens for public today: Should you subscribe it?

Utkarsh Small Finance Bank has announced the price band for its initial public offering (IPO) at Rs 23-25 per share, with bidding for anchor investors begun on July 11. The IPO, open for subscription from July 12 to July 14, offers only fresh equity shares, and the funds will be used to strengthen the bank's tier 1 capital base.