The ESAF Small Finance Bank IPO commenced on November 3, 2023, and concluded on November 7, 2023. The allotment of shares took place on November 10, 2023, and the initiation of refunds began on November 13, 2023. The shares were credited to the demat accounts of investors on November 15, 2023. Finally, the listing of ESAF Small Finance Bank on the stock exchange occurred on November 16, 2023.
The ESAF Small Finance Bank IPO was priced at ₹57 to ₹60 per share, with a lot size of 250 shares. The total issue size was ₹463.00 crores, comprising a fresh issue of ₹390.70 crores and an offer for sale of ₹72.30 crores. The IPO was listed on both the NSE and BSE.
In terms of quota reservations, the QIB (Qualified Institutional Buyers) quota was reserved for 50% of the shares, the NII (Non-Institutional Investors) quota was reserved for 15% of the shares, and the retail quota was reserved for 35% of the shares.
ESAF IPO Basic Details
| Company Name | ESAF Small Finance Bank Limited |
| Domain of Company | Small Finance Bank |
| ESAF Small Finance Bank IPO GMP Today | ₹22 |
| ESAF Small Finance Bank IPO Listing Gain | 36.67% |
| ESAF Small Finance Bank IPO Open Date | November 3, 2023 |
| ESAF Small Finance Bank IPO Close Date | November 7, 2023 |
| ESAF Small Finance Bank IPO Allotment Date | November 10, 2023 |
| ESAF Small Finance Bank IPO Listing Date | November 16, 2023 |
| Face Value | ₹10 per share |
| Price | ₹57 to ₹60 per share |
| Lot Size | 250 Shares |
| Issue Size | 77,166,667 shares of ₹10 (aggregating up to ₹463.00 Cr) |
| Fresh Issue | 65,116,667 shares of ₹10 (aggregating up to ₹390.70 Cr) |
| Offer for Sale | 12,050,000 shares of ₹10 (aggregating up to ₹72.30 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE, BSE |
| Company Promoters | Kadambelil Paul Thomas and ESAF Financial Holdings Private Limited |
ESAF Small Finance Bank IPO GMP Today:
| Date | GMP | Listing Gain | Kostak | Subject to |
| Today | ₹22 | 36.67% | – | – |
| 2 November 2023 | ₹22 | 36.67% | – | – |
| 1 November 2023 | ₹22 | 36.67% | – | – |
ESAF Bank IPO Details:
ESAF, a Small Finance Bank established in 1992, primarily focuses on lending to people in rural and semi-urban areas. The bank offers various types of loans, including Micro Loans, retail loans, MSME loans, loans to financial institutions, and agricultural loans. As of March 2023, ESAF has 700 outlets, 743 customer service centers, 20 business correspondents, and 481 business facilitators. Additionally, they operate 581 ATMs in 21 Indian states.
ESAF provides convenient banking through digital platforms like an internet banking portal, a mobile banking platform, SMS alerts, bill payments, and RuPay-branded ATM cum debit cards.
As of March 31, 2022, ESAF has employed 4,100 people.
The bank’s key strengths are:
- Extensive knowledge of the Microloan sector, allowing them to expand beyond Kerala.
- A strong presence in rural and semi-urban areas.
- Building strong customer relationships by offering customer-centric products.
- Providing a digital technology platform for convenient banking.
ESAF Small Finance Bank IPO More Details Click Here
ESAF Small Finance Bank IPO FAQs
When is ESAF Small Finance Bank IPO open?
ESAF Small Finance Bank IPO will open on 3 November 2023.
When is ESAF Small Finance Bank IPO Close?
ESAF Small Finance Bank IPO will be closed on 7 November 2023.
What is ESAF Small Finance Bank IPO GMP Today?
The ESAF Small Finance Bank IPO GMP aka Grey Market Premium is ₹22.
What is ESAF Small Finance Bank IPO Kostak Rates Today?
The ESAF Small Finance Bank IPO Kostak Rate is ₹000.
What is ESAF Small Finance Bank IPO Subject to Sauda Price Today?
The ESAF Small Finance Bank IPO subject to sauda rates is ₹000.
ESAF Small Finance Bank IPO Expected Returns?
The ESAF Small Finance Bank expected return is 36.67%.
How much will be the listing gain in ESAF Small Finance Bank IPO?
ESAF Small Finance Bank IPO will get listing gain of 36.67%. (Approx.)
