ESAF Small Finance Bank IPO Latest News Today

The IPO Shares of ESAF Small Finance Bank Limited IPO are proposed to list on Friday, November 10, 2023 at BSE, NSE. The public issue of ESAF Small Finance Bank IPO was opened on Nov 3, 2023 and closed for subscription on Nov 7, 2023. ESAF Small Finance Bank IPO Listing Date and Information:

The allotment status of ESAF Small Finance Bank Limited IPO is now available online. The public issue of ESAF Small Finance Bank IPO was open on Nov 3, 2023 and closed for subscription on Nov 7, 2023. The equity shares of the company to be list at BSE, NSE
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ESAF Small Finance Bank Limited is entering in the capital market with an IPO of 77,166,667 Equity Shares of Rs 10 aggregating up to Rs 463.00 Crore. The price for the issue has been set at Rs 57 - Rs 60 Per Equity Share.

Incorporated in 1992, ESAF is a small finance bank that focuses mainly on lending to rural and semi-urban customers. The company's lending includes (a) microcredit, which includes microfinance loans and other microloans; (b) retail loans, which include gold loans, mortgages, personal loans and vehicle loans; (c) MSME loans; (d) loans to financial institutions; and (e) agricultural loans. ESAF Small Finance Bank Limited has a network of 700 banking outlets (including 59 banking outlets operated by business correspondents), 767 customer service centres, 22 business correspondents, 2,116 banking agents, 525 business introducers and 559 ATMs across 21 states and two Union Territories, serving 7.15 million customers as of June 30, 2023. As of March 31, 2022, the bank employed 4,100 people. In Kerela, the company is represented in all 14 districts. The company's target customers for microfinance and other microloans are women in unbanked and underbanked households in India. As of June 30, 2023, ESAF had over 3.25 million microcredit clients.

The issue opens on Nov 3, 2023 and closes for subscription on Nov 7, 2023. The equity shares of the company to be list at BSE, NSE.

The issue of ESAF Small Finance Bank Limited opens on Nov 3, 2023 and closes for subscription on Nov 7, 2023. The equity shares of the company to be list at BSE, NSE. The price for the issue has been set at Rs 57 - Rs 60 Per Equity Share.