Today we are going to give you an update regarding the ESAF Small Finance Bank IPO. They have been planning to release their shares for the buyers in the share market through an Initial Public Offering. The institution has not been informed about the IPO date yet. when they will be starting to offer their share in the market. But the company got the permit from SEBI for IPO. We are going to provide you with all the necessary details about the company’s upcoming share lot size and market price.
As far as we know that company would like to raise ₹997.80 crores for IPO. This includes a fresh issue of ₹800 crores and an offer for sale up to ₹197.78 crores with a face value of ₹10 each. The retail quota is 10% with QTB 75% and HNI 15%.
ESAF Small Finance Bank IPO Review & Company Details
Let’s see and know about the company’s background. ESAF Small Finance Bank is an Indian private corporation. They have incorporated in 1882 as an NGO. The company has around 500 institutions across 21 states and 2 Union Territories.
ESAF facilitates many banking services like ATMs, Debit Card, Safe Deposit Lockers, Internet Banking, Mobile Banking, Agent Banking, SMS Banking, RTGS, NEFT, CTS, etc. The Service includes Saving Account, Current Account, Recurring deposits, Fixed deposits, Fixed deposits, Loans, Micro Banking, and more.
These are important details that you should know: –
| Partners | How many shares will offer |
| PNB MetLife | ₹21.33 crores |
| Bajaj Allianz Life | ₹17.46 crores |
| PI Venture | ₹8.73 crores |
| John Chakola | ₹26 lakhs |
ESAF Small Finance Bank IPO Date & Price Band
| IPO Open: | 2021 |
| IPO Close: | 2021 |
| IPO Size: | Approx ₹997.78 Crores |
| Fresh Issue: | Approx ₹800 Crores |
| Offer for Sale: | Approx ₹197.78 Crores |
| Face Value: | ₹10 Per Equity Share |
| Price Band: | ₹- to ₹- Per Share |
| Listing on: | BSE & NSE |
| Retail Quota: | 10% |
| QIB Quota: | 75% |
| NII Quota: | 15% |
| Discount: | N/A |
ESAF Small Finance Bank IPO Market Lot
The ESAF Small Finance Bank IPO minimum market lot is – shares with ₹13,500 application amount. The retail investors can apply up-to – lots, – shares with ₹- application amount.
| Minimum Lot Size: | Shares for 1 lot |
| Minimum Amount: | ₹- for 1 lot |
| Maximum Lot Size: | Shares for – lot |
| Maximum Amount: | ₹- for – lot |
ESAF Small Finance Bank IPO Date, Time Table, Allotment & Listing
The ESAF Small Finance Bank IPO date is 2021 and the IPO close date is 2021. The allotment date is 2021 and the IPO may list in 2021.
| Price Band Announcement: | 2021 |
| Anchor Investors Allotment: | 2021 |
| IPO Open Date: | 2021 |
| IPO Close Date: | 2021 |
| Basis of Allotment: | 2021 |
| Refunds: | 2021 |
| Credit to Demat Account: | 2021 |
| IPO Listing Date: | 2021 |
We hope these are the details that we have provided will be useful for you in the future. The company has not mentioned their opening date of releasing its shares for IPO. So keep in touch with us for the future when they will announce their shares. For the company IPOs review and updates keep following on All Social Updates