Stock Market News: This stock gave a return of 92 percent in a day!

The shares of Utkarsh Small Finance Bank were listed on July 21, 2023, and despite a sharp decline in the stock market, they provided investors with a return of 92% on that very day. Investor support for Utkarsh Small Finance Bank's IPO was strong. 111 people subscribed for this IPO. The huge bang listing of this IPO that experts had predicted actually occurred. The bank's IPO took place between July 12 and July 14. The share price range was established at Rs. 23–25. There were 600 shares in each lot. The minimum investment made by the investors was Rs. 15,000. This small financing bank, situated in Varanasi, was established in 2016.

Share jumped 11% 

Massive buying was observed in Utkarsh Small Finance Bank shares even after the company's debut. The stock was trading at Rs 44.59 in early session on the BSE, up 11.61 percent or Rs 4.64. In this manner, the IPO's investors have thus far received a return of nearly 78%. The stock was spotted trading at Rs 44.10 on the National Stock Exchange at the same time, up 10.25% or Rs 4.10 in early activity.