ESAF SFB IPO Allotment Status

ESAF SFB IPO Allotment Status, Release Date, Direct Link

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ESAF SFB IPO Allotment Status

The ESAF SFB IPO began on November 3, 2023, and concluded on November 7, 2023. The IPO aims to raise approximately ₹463 crores, with an issuance of ₹390.70 crore and an offer to sell up to ₹72.30 crore shares at ₹10 apiece. The allotment status is slated for November 10, 2023, with refunds on November 13, 2023, and demat account credit on November 15, 2023. The BSE and NSE will list the ESAF Small Finance Bank IPO on November 16, 2023.

ESAF SFB IPO Allotment Status

The ESAF SFB IPO’s promoter, ESAF Financial Holdings, will sell shares worth ₹49.26 crore in the OFS. Additionally, PNB MetLife India Insurance Company and Bajaj Allianz Life Insurance Company will sell shares valued at ₹23.04 crore and ₹23.04 crore, respectively. The bank plans to utilize the net proceeds from the new issue to strengthen its Tier-I capital foundation. The retail quota is 35%, HNI is 15%, and QIB is 50%.

IPO OpenNovember 3, 2023
IPO CloseNovember 7, 2023
Basis of AllotmentNovember 10, 2023
RefundsNovember 13, 2023
Credit to Demat Account November 15, 2023
IPO Listing DateNovember 16, 2023

ESAF SFB IPO Date

The grey market premium (GMP) for ESAF Small Finance Bank’s IPO is +19, indicating investors’ willingness to pay ₹19 more per share than the face value. The estimated listing price is ₹79 per share, a 31.67% increase from the IPO price of ₹60. The IPO GMP is expected to rise further. The lowest GMP is ₹0, and the highest is ₹22.

How to Check ESAF SFB IPO Allotment Status?

To check the allotment status:

  1. Visit the stock exchange’s or registrar’s official website.
  2. Navigate to the “Allotment Status” or “IPO Allotment” section.
  3. Enter your application number and PAN card number.
  4. Click “Submit” to view your allocation status.

ESAF SFB IPO Lot Size

The minimum market lot for ESAF Small Finance Bank IPO is 250 shares, with a ₹15,000 application fee. Retail investors can apply for up to 13 lots totaling 3250 shares, or ₹195,000.

  • Retail Minimum: 250 shares, ₹15,000
  • Retail Maximum: 3250 shares, ₹195,000

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ESAF SFB IPO Review

ESAF is a small finance bank operating mainly in the southern region, focusing on microfinance lending. It plans to diversify its asset portfolio and increase retail deposits in various regions, especially in the northern states. The post-issue adjudication price is 1.38x P/BV, lower than its peer’s average P/BV of 2.3x, at a higher price range of ₹60.

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