ESAF Small Finance Bank IPO sees robust demand, share allotment status expected today with listing on November 10
Thrissur-based ESAF Small Finance Bank, a provider of loans to rural and semi-urban customers, is set to disclose the outcome of its initial public offering (IPO) allotment today, November 9. The bank’s IPO was open from November 3 to November 7, with a price band of ₹57 to ₹60 per share.
The offering was extremely well-received, being subscribed 73.15 times, with 422.3 crore equity shares being bid for against 5.77 crore shares available. This included strong participation from qualified institutional buyers, non-institutional investors, and retail investors, as well as the bank’s employees.
Shares of ESAF Small Finance Bank are currently trading at a grey market premium (GMP) of ₹20 per share. The GMP represents the unofficial trading premium for IPO shares before listing on the stock exchanges.
To check the allotment status of the bank’s IPO, individuals can visit the registrar’s website and follow the prompts for ESAF Small Finance Bank. Additionally, the BSE and NSE websites can also be used to check the allotment status.
The bank’s shares are set to be listed on the stock exchanges on November 10.