Here we are sharing a piece of big news with you the ESAF Small Finance Bank IPO is going to open for subscription on 3 November 2023, Friday and it will close on Tuesday 7 November.ESAF Small Finance Bank is an Indian small finance bank headquartered in Thrissur, Kerala, providing banking services and small loans to the underbanked. Since the news has come on the internet it has gone viral on the social media platforms. Now many people are curious to know about the whole information about the news. In this article, we will give complete information about the news, so let’s continue the article.
ESAF Small Finance Bank IPO
ESAF Small Finance Bank IPO cost band is set in the range of ₹57 to ₹60 per equity share of face value of ₹10. ESAF Small Finance Bank lot size has been 250 equity shares and in many of 250 equity shares thereafter. ESAF Small Finance Bank IPO has committed not over 50% of the shares in the public issue for Qualified Institutional Buyers (QIB), not less than 35% of the offer is secured for Retail Investors. A value of ₹5 for each equity share is being offered to qualified workers bidding in the worker’s extra amount. Scroll down to the next page for more information about the news.
According to the report, ESAF Small Finance Bank IPO on 2 November 2023, Thursday increased ₹135.15 crores from commentator investors. The firm noted the exchange that it gave 2,25,24,998 equity shares at ₹60 each share. BNP Paribas Arbitrage, Copthall Mauritius, Founders Collective Fund, ACM Global VCC Fund, Kotak Mahindra Life Insurance, Astorne Capital VCC, ICICI Prudential Life Insurance, SBI General Life Insurance, Ananta Capital Ventures Fund, and Alchemie Ventures Fund have been among the alien and trained institutions that participated in the anchor. You are on the correct page for more information about the news, so please read the complete article.
ESAF Small Finance Bank IPO details
As far as we know, ESAF Bank IPO includes to new issuance of equity stakes cost ₹390.7 crore by the firm, and an offer for sale (OFS) of equity shares priced ₹72.3 crore by three shareholders. The firm schedules to increase ₹463 crore from the IPO. Promoter ESAF Financial Holding will sell shares price ₹49.26 crore, while PNB MetLife India Insurance Company and Allianz Life Insurance Company shall unload shares worth ₹23.04 crore. ESAF IPO today or grey market premium is+22, similar to the last session. Here we have shared all the information that we had. Stay connected with us for more updates.