Home / Business and Economy / Utkarsh Small Finance Bank Shares Surge 15% on Investor Allocation
Utkarsh Small Finance Bank Shares Surge 15% on Investor Allocation
24 Oct
Summary
- Utkarsh Small Finance Bank shares rally 15% after rights issue allotment
- Cohesion MK Best Ideas Sub-Trust receives majority of new shares
- Stock trades over 12% higher despite 6-month and year-to-date declines
On October 24, 2025, shares of Utkarsh Small Finance Bank rallied nearly 15% after the company announced it had allotted over 5.71 crore shares to Cohesion MK Best Ideas Sub-Trust as part of a rights issue. The stock hit an intraday high of Rs 21.10 earlier in the day before paring some gains to trade more than 12% higher at Rs 20.58 as of 1:40 pm.
While Cohesion MK Best Ideas Sub-Trust received the majority of the new shares, other top investors were also allocated a portion of the rights issue. The strong investor interest in the small finance bank's shares comes despite the stock declining around 6% in the past six months and 28% year-to-date. However, the shares have gained over 16% in the past five days and 13% in the past month, indicating a recent uptick in investor sentiment.
Utkarsh Small Finance Bank made a strong market debut in July 2023, listing at a 60% premium to its IPO price of Rs 20 per share. The stock is currently trading more than 47% lower than its listing price of Rs 40 but remains slightly above its IPO level.
