ESAF SFB IPO Allotment Status, Release Date, Direct Link

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The November 3, 2023, ESAF SFB IPO opened and ended on November 7, 2023. With its IPO, which will include a new issuance of ₹390.70 and an offer to sell up to ₹72.30 shares for 10₹ apiece, ESAF Bank hopes to raise around ₹463 crores. The date of the ESAF SFB IPO Allotment Status is November 10, 2023; refunds are November 13, 2023; and the credit to the demat account is November 15, 2023. The BSE and NSE will list the ESAF Small Finance Bank Initial Public Offering (IPO), with a provisional listing date of November 16, 2023.

ESAF SFB IPO Allotment Status

ESAF SFB IPO Allotment Status Promoter ESAF Financial Holdings will sell shares valued at ₹49.26 crore in the OFS, On the other hand, PNB MetLife India Insurance Company and For ₹23.04 crore, Bajaj Allianz Life Insurance Company would sell shares. The bank intends to utilize the net proceeds from the new issue to fortify its Tier-I capital foundation to meet future capital requirements. Retail quota is 35%, HNI is 15%, and QIB is 50%.

ICICI Securities, DAM Capital Advisors, and Nuvama Wealth Management are the book-running lead managers for the ESAF Small Finance Bank’s initial public offering (IPO), while Link Intime India is serving as the registrar. In the ESAF SFB IPO Allotment Status, the business will issue new equity shares valued at ₹390.7 crore, and three shareholders will put up equity shares for sale (OFS) totaling ₹72.3 crore. Through the IPO, the business hopes to raise 463 crore.

ESAF SFB IPO Date

Like the previous session, the grey market premium (GMP) for the ESAF Small Finance Bank’s initial public offering (IPO) is +19. According to investorgain.com, this shows that on Tuesday, On the black market, shares of ESAF Small Finance Bank were being sold for ₹19 more than their face value. A “grey market premium” denotes investors’ willingness to part with more money than the issue price. 

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IPO Open November 3, 2023
IPO Close November 7, 2023
Basis of Allotment November 10, 2023
Refunds November 13, 2023
Credit to Demat Account  November 15, 2023
IPO Listing Date November 16, 2023

The estimated listing price for ESAF Small Finance Bank shares was ₹79 a share, 31.67% more than the IPO price of ₹60, taking into account the top end of the range of IPO prices and the current premium in the secondary market. After 16 days of grey market activity, the IPO GMP is going higher and is anticipated to list strongly today. The researchers at investorgain.com estimate that the lowest GMP is ₹0 and the greatest GMP is ₹22.

ESAF SFB IPO Allotment Status

How to Check ESAF SFB IPO Allotment Status? 

To check ESAF SFB IPO allotment status, follow these steps:

  • Go to the stock exchange’s or the registrar’s official website to see the IPO listings.
  • Go to the “Allotment Status” or “IPO Allotment” section.
  • Enter the required details such as your application number and PAN card number.
  • Click the “Submit” button.
  • Your allocation status—which indicates whether or not you have been granted shares—will be shown on the website.

ESAF SFB IPO Lot Size

With a ₹15000 application fee, the minimum market lot for the ESAF Small Finance Bank IPO is 250 shares. Retail investors may submit up to 13 lots totaling 3250 shares, or ₹195,000.

  • Retail Minimum: 250, ₹15,000
  • Retail Maximum: 3250, ₹195,000
  • S-HNI Minimum: 3500, ₹210,000
  • B-HNI Minimum: 16750, ₹10,05,000

ESAF SFB IPO Review

ESFB is a small finance bank that operates in the southern region of the nation and specializes mostly in microfinance lending. With a focus on prospects in the northern states, the bank has strategically planned to diversify its asset portfolio and grow the percentage of retail deposits in different locations. The post-issue adjudication price of ESFB’s issuance is 1.38x P/BV. BVPS, which is lower than its peer’s average P/BV of 2.3x, at a higher price range of Rs. 60.

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