ESAF Small Finance Bank shares list at 20% premium over IPO price
Post listing, ESAF SFB shares gained as much as 24.5% to hit a high of ₹74.7 on the BSE.
Post listing, ESAF SFB shares gained as much as 24.5% to hit a high of ₹74.7 on the BSE.
The IPO price band for ESAF SFB has been fixed at ₹57-60 per share, which will fetch ₹463 crore at the upper end of the issue price.
The IPO of Varanasi-based small finance bank was subscribed 102 times, the second highest this year after Ideaforge Technologies that was booked 106 times
The quota reserved for QIBs was booked nearly 125 times, while the non-institutional investors (NIIs) category was subscribed 81.6 times.
The Varanasi-based small finance bank has set the price band at ₹23-25 per share and plans to raise ₹500 crore at the upper end of the issue price.
Sharp focus on growth helps AU Small Finance Bank report stellar numbers.
The central bank unveils liquidity facility of ₹50,000 crore for access to emergency health services, and ₹10,000 crore for small finance banks’ on-lending, among a slew of measures to fight Covid-19.
In the next seven years, Ujjivan Small Finance Bank is looking to serve 40 million customers up from 4 million at present, says CEO and MD Ghosh.