ESAF Small Finance Bank IPO opens on November 3, price expected per share

Recently the news has come on the internet that the price of the ESAF Small Finance Bank IPO band has been fixed in the range of 57 to 60 per equity share with a face value of 10. ESAF Small Finance Bank is an Indian small finance bank and it’s headquartered in Thrissur, Kerala, supplying banking services and small loans to the underbanked. Since the news came on the internet many people have been super curious to know about the whole information about the news. Here we have more information about the news and we will share it with you in this article.

ESAF Small Finance Bank IPO

ESAF Small Finance Bank IPO

On Friday, 3 November 2023 ESAF Small Finance Bank opens for subscriptions and closes on Tuesday, 7 November. The funding to anchor investors for ESAF Small Finance Bank IPO is designed to happen on 2 November, Thursday. The floor cost is 5.70 times the face worth of the equity shares and the cap price is 6.00 times the face value of the equity shares. The cost of achieving balance based on diluted EPS for fiscal 2023 at the floor cost is 8.49 times and at the cap price is 8.94 times. ESAF Small Finance Bank IPO lot size is 250 equity shares and in numerous of 250 equity shares after. Scroll down to the next page for more information about the news.

ESAF’s small Fiance Bank IPO has committed not more than 50% of the shares in the public issue for Qualified Institutional Buyers (QIB), not less than 15% for Non-Institutional Investors (NII), and not less than 35% of the offer is reserved for Retail Investors. A discount of 5 for each equity share is being offered to eligible workers bidding in the employee reserve pertain. You are on the right page for more information about the news, so please read the complete article.

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ESAF Small Finance Bank IPO details

ESAF Bank IPO comprises a new issuance of equity shares worth 390.7 crores by the firm and an offer for sale (OFS) of equity share price of 72.3 crores by three shareholders. The firm plans to increase 463 crores from the IPO. In the OFS, promoter ESAF Financial Holding will sell stakes costing 49.26 crores, while PNB MetLife India Insurance Company and Bajaj Allianz Life Insurance Company will unload shares worth 23.04 crores. Here we have shared all the information that we had if we get any information then we will update you as soon as possible. Stay tuned to us for more updates.

Mark
Gurleen Kaur

I'm a science graduate from the Ahmadu Bello University, Nigeria. My passion for writing has brought me to into the field of content.