November 9, 2023
New Delhi, India
ESAF Small Finance Bank IPO Details
ESAF Small Finance Bank’s Initial Public Offering (IPO) garnered immense attention, and oversubscribed by 73.15 times, indicating a potential 35% listing premium.
ESAF Small Finance Bank IPO Overview
ESAF Small Finance Bank successfully concluded its IPO from November 3 to November 7, raising Rs 463 crore. The IPO was priced in the range of Rs 57-60 per share.
Subscription Figures
The IPO witnessed robust demand across different investor categories. Qualified institutional bidders (QIBs), non-institutional investors, retail investors, and employees subscribed at rates of 173.52 times, 84.37 times, 16.97 times, and 4.36 times, respectively.
Grey Market Premium (GMP) and Listing Expectations
Market observers reported a stable GMP of Rs 21 per share in the grey market. This suggests an expected listing pop of around 35%, creating an optimistic outlook for investors.
Read our latest pick: Israel-Hamas Conflict’s Impact on India’s Economy: A Detailed Analysis
ESAF Small Finance Bank’s Focus and Network
ESAF focuses on providing financial solutions and loans to rural and semi-urban customers. Its network spans 700 outlets, 743 customer service centers, and 581 ATMs across 21 states and union territories in India.
Checking Allotment Status
Investors who participated in the IPO can check their allotment status online. They can visit the BSE website’s IPO application check page or use the online portal of Link Intime India for this purpose.
Check Latest: Q2 Results
Disclaimer:
CurrencyVeda provides this news article for informational purposes only. We do not offer investment advice or recommendations. Before making any investment decisions, please conduct thorough research, consult with financial experts, and carefully consider your financial situation, risk tolerance, and investment goals. Investing in the stock market carries risks, and it’s essential to make informed choices based on your individual circumstances. CurrencyVeda is not liable for any actions taken based on the information provided in this article.
