The ESAF Small Finance Bank IPO is a book-built offering worth Rs 463.00 crores. The offering consists of a fresh issue of Rs 390.70 crores and an offer for sale for Rs 72.30 crores.
The ESAF Small Finance Bank IPO goes on sale on November 3, 2023, and ends on November 7, 2023. The ESAF Small Finance Bank IPO allotment is planned to be completed on Friday, November 10, 2023. The ESAF Small Finance Bank IPO will be listed on the BSE and NSE, with a tentative listing date of Thursday, November 16, 2023.
The pricing range for the ESAF Small Finance Bank IPO is set at 57 to 60 per share. An application requires a minimum lot size of 250 Shares. Retail investors must make a minimum commitment of $15,000. The minimum lot size investment for sNII is 14 lots (3,500 shares), which amounts to 210,000, and 67 lots (16,750 shares), which amounts to 1,005,000.
ESAF Small Finance Bank IPO Details
| IPO Date | November 3, 2023 to November 7, 2023 |
| Listing Date | [.] |
| Face Value | Rs 10 per share |
| Price Band | Rs 57 to Rs 60 per share |
| Lot Size | 250 Shares |
| Total Issue Size | [.] shares (aggregating up to Rs 463.00 Cr) |
| Fresh Issue | [.] shares (aggregating up to Rs 390.70 Cr) |
| Offer for Sale | [.] shares of Rs 10 (aggregating up to Rs 72.30 Cr) |
| Employee Discount | Rs 5 per share |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Share holding pre issue | 449,473,798 |
| Share holding post issue | 514,779,858 |
ESAF Small Finance Bank IPO Timeline
| IPO Open Date | Friday, November 3, 2023 |
| IPO Close Date | Tuesday, November 7, 2023 |
| Basis of Allotment | Friday, November 10, 2023 |
| Initiation of Refunds | Monday, November 13, 2023 |
| Credit of Shares to Demat | Wednesday, November 15, 2023 |
| Listing Date | Thursday, November 16, 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on November 7, 2023 |
ESAF Small Finance Bank IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 250 | Rs 15,000 |
| Retail (Max) | 13 | 3250 | Rs 195,000 |
| S-HNI (Min) | 14 | 3,500 | Rs 210,000 |
| S-HNI (Max) | 66 | 16,500 | Rs 990,000 |
| B-HNI (Min) | 67 | 16,750 | Rs 1,005,000 |
