ESAF Small Finance Bank IPO: The IPO of ESAF Small Finance Bank is opening for investors on 3 November 2023. Through this the company is trying to raise Rs 463 crore.
ESAF Small Finance Bank IPO: ESAF Small Finance Bank is bringing a golden opportunity for those investing money in Initial Public Offering. The IPO is opening from today i.e. Friday 3 November 2023. Whereas investors can invest money in it till 7 November 2023. The bank is trying to collect Rs 463 crore through this IPO. If you are also thinking of subscribing to this IPO (ESAF Small Finance Bank IPO), then we are giving information about its details.
How much price band did the company decide?
The price band of ESAF Small Finance Bank IPO has been fixed between Rs 57 to Rs 60 per share. Through this IPO, the company is going to issue fresh shares worth a total of Rs 390.70 crore. Shares worth Rs 72.30 crore are being sold through offer for sale. In this IPO, the company’s promoters ESAF Financial Holding, PNB Metlife India Insurance Company and Bajaj Allianz Life Insurance Company are going to sell their shares.
How much will have to be invested?
According to the information given by the company, you will have to buy at least 250 equity shares in this IPO. After this you can invest in lot size of 250 shares. In such a situation, retail investors will have to invest at least Rs 14,250. The company has collected Rs 135.15 crore from anchor investors on November 2, before the opening of the IPO.
In this IPO, the company has reserved 50 percent share for qualified institutional buyers and 15 percent share for non-institutional buyers. Whereas 35 percent share has been fixed for retail investors. The listing of the company’s shares will take place on BSE and NSE on 16 November.
